From 1927 to 2019 there have been more than 100 films produced worldwide about artificial intelligence. And while some scenarios are depicted in a good light, the rest are downright horrific. In movies such as The Terminator, The Matrix, Avengers: Age of Ultron and many others, the movie industry placed into our shared imagination scenes demonstrating how more intelligent machines will take over the world and enslave or totally wipe humanity from existence. The potential…
AI for retail is a concept that can be easily understood superficially. After all, artificial intelligence is pretty much an absolute necessity nowadays, whether its simple inventory management or complex customer service automation. However, many companies and business establishments have not yet leveraged this powerful AI technology tool. In fact, fully realizing its potential in commerce is still a cultural and traditional struggle. Corporate structures are usually still locked within the standard operative know-how of…
Artificial intelligence has the power to transform how banks operate. AI can change how banks do everything from interacting with customers to ensuring regulatory compliance. Yet despite the fact that AI holds massive potential benefits for banks, use of AI also comes with its share of challenges. It’s important to be aware of both the possibilities and pitfalls if a bank intends to employ AI in its operations. The Importance of AI for Banks Why…
