AI Sector Overviews Articles and Reports
Artificial intelligence “sector overview” reports are designed to help business leaders explore the possibilities and important AI trends across industries. Search our sector overview reports below:
We see evidence dating back to 2017 that Johnson & Johnson has been regularly publishing about their investments and initiatives related to artificial intelligence. At present, Johnson & Johnson does not seem to boast any mature, deployed applications with the firm itself, but its AI-related investment initiatives indicate their aspirations.
Leading retailers - like Walmart, Stop & Shop, and Home Depot - are enhancing their payment and fraud detection systems, using artificial intelligence that learns transaction norms and infers risk from the context of each transaction.
The COVID-19 pandemic has caused incredible disruption in healthcare systems across the world, as well as an immediate demand for innovative solutions to the growing number of coronavirus patients. Many AI vendors are already trying to find ways they can serve this demand through augmenting their machine learning-powered products - from diagnostics interfaces to radiology solutions and everything in between.
Mitsubishi UFJ Financial (MUFG) is a Japanese holdings bank and financial services company ranked 5th on S&P Global’s list of the top 100 banks, and the largest Japanese bank on the list.
Barclays is a UK bank ranked 20th on S&P Global’s list of the top 100 banks. Like other top banks, Barclays has forayed into AI for a variety of use-cases. The bank seems to work with AI vendors more than it builds AI applications in-house, which aligns with the general trend of AI adoption in financial services: 68% of the AI products we researched as part of our AI Opportunity Landscape research in financial services were bought from vendors.
UBS is a Swiss multinational investment banking and financial services company ranked 30th on S&P Global’s list of the top 100 banks. In addition to investment banking and wealth management, the company is looking to improve its tech stack through several AI projects.
Morgan Stanley is a US financial institution known mostly for its financial advisory services. According to our AI Opportunity Landscape research in financial services, approximately 10% of AI vendor products in the industry are wealth management solutions, and 4% are asset management solutions.
Progressive is one of the largest auto insurers in the US. The company has been experimenting with AI since the middle of the 2010s, with customer-facing applications that update insurance premiums based on driving habits and answer questions in a chat window. In this article, we discuss both of these AI use-cases. More specifically: