For years, banks and other traditional lenders have used credit scoring systems from the likes of Vantage and FICO to determine the creditworthiness of borrowers, usually with varying levels of success. While they're often effective at weeding out potential defaulters, they are also notorious for locking out those who don't use traditional banking services and about a quarter … [Read more...] about How Alternative Lenders are Using Big Data and AI to Revolutionise Lending
AI
IoT, Autonomous Vehicles, Robots: Safety Will Determine Success
The current climate of non-stop cyberattacks seems remote to our everyday existence because it doesn't affect us physically. A hacker can hold data hostage and hit a company for thousands of dollars in ransom without anyone blinking an eye. Although this hurts bank accounts, it reinforces the reality that money doesn't have anything physical backing it. The digital world of big … [Read more...] about IoT, Autonomous Vehicles, Robots: Safety Will Determine Success
How Artificial Intelligence Will Change Corporate Governance
Growing investments in Artificial Intelligence (AI) technology have transformed many areas in the business world, especially among high-tech and financial organisations. External spending on AI-related projects went up to $12 billion in 2016. Companies looking into AI may focus on the potential for automating low-skill tasks, but they are overlooking a major opportunity. … [Read more...] about How Artificial Intelligence Will Change Corporate Governance
What Is AI? | Artificial Intelligence For Beginners
Do you remember the first time that you saw R2D2 and C3P0 from Star Wars? These two robots exhibited human-like behavior as they interacted with people and the world around them. How about when the whole world was subject to machine control in The Matrix? That's a pretty frightening concept. These movies, like many others, have their own depictions of what Artificial … [Read more...] about What Is AI? | Artificial Intelligence For Beginners
Chatbots in Retail: How Retailers can Use Chatbots to Engage Customers
Technology is disrupting the face of business and staying ahead of the competition is becoming hard as never before. Customer expectations are exceeding and embracing the technology remains on top of the list to be successful for businesses, especially when it comes to retail. No doubt, implementing new technology needs investment, but the Return on Investment will be at par. … [Read more...] about Chatbots in Retail: How Retailers can Use Chatbots to Engage Customers
