The increasing intricacy of mobile technology has facilitated us to exchange details, validate and conduct transactions flawlessly. Information is literally accessible at our fingertips, removing the need for human support. The only area where human interface has had a lead over technology is the personal touch during a conversation, particularly in the case of relationship-based interactions. However, with all major innovators, including technology giants putting their burden behind technology that delivers human-like conversation experiences, even that edge seems to be fading. A platform designed to understand, learn and converse like a human and answer ad-hoc queries in real time is commonly denoted to as a chatbot. Chatbots have enticed the attention of firms across industries and are being viewed as a means to create differentiation in an increasingly crowded landscape. A brief discussion about various financial chatbots are mentioned below.Source: Abe
The merging of Big Data and Cloud powered by Artificial Intelligence (AI) and Machine Learning will be the next game changers and we consider that it will be a multi-trillion dollar prospect for the Indian economy. We are in the halfway of the single largest renovation the world has even seen since the industrial revolution. India, though persisted undiscovered in the early 90s, holds the potential to be revealed as creators of asset class because of their ability to create unstructured data sets. India is poised to leapfrog the world in Artificial Intelligence, as the demography is not controlled by the legacy usage of computers or tablets so they can transfer directly to the phone. Also, India is creating amorphous data at a very speedy pace and has data sets in bulk that very few countries possess.Source: HOB
Fears of artificial intelligence have always been ruled by job losses and with companies swiftly replacing a wide swath of human resources by automating a section of tasks, the job displacement wave is getting more real and bigger by the day. But here's what companies and higher management have been trying to do, allay the fears of IT workforce by carrying out in-depth studies to find out the emergence of new categories of jobs AI creates that require a range of new skills, especially soft skills and have absolutely no precedent.Source: Pratosh
In an attempt to make India technologically advanced, technology giant Google organizes workshop on computer science (AI) and machine learning in Bengaluru nowadays.Source: HOB
With the penetration of digital transformation, we are all connected with each other through phones laptops etc. Customers nowadays are friendlier to social media as compared to direct contact. Thus, companies have to change the way they interact. Chatbots are programed to interact with human and reply to theirSource: HOB
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