Artificial Intelligence (AI) and Data Analytics in the BFSI Industry

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Global spending on artificial intelligence is expected to reach US$58 billion by 2021, according to the World Economic Forum. ASEAN BFSI stakeholders we surveyed in 2020 have also stated that big data analytics (66%), machine learning (41%), artificial intelligence (40%), and robotic process automation (27%) are the top technologies that they are planning to invest in the next 2-4 years.

For continued success in the digital age, it is essential for BFSI stakeholders to leverage on the “hidden treasure” they already own in large quantities ― data.

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