Artificial Intelligence: Changing Business Amidst COVID-(AI Adoption before and during COVID-19)

AI is an overarching term that encompasses many technologies such as Machine Learning and Natural Language Processing so it makes sense to look at the adoption rates keeping in mind the industry and the technology involved. The graph below shows the breakdown of AI Adoption in 2019 and again the type of technology used in a particular industry depends heavily upon the characteristics of the industry itself. High Tech is leading the other industries in usage and adoption of Machine Learning while Robotic Process Automation is rightly mostly used in Automotive Industry.

The exploding use of AI in the banking sector

Artificial Intelligence is the buzzword. Everyone is speaking about it, irrespective of whether they are a scholar on the topic or not. But what must be considered is AI's deep-reaching implications and how it has the ability to transform society for the better. In this article, we would look at how AI is currently being used in the banking industry to transform it for the better. It is important to note that while us commoners use the term Artificial Intelligence (AI) everywhere, in reality, it is a mixture of technologies like Machine Learning (ML), Robotic Process Automation (RPA), Predictive Analytics and not to mention, Artificial Intelligence (AI).