Allied Market Research

Big Data in Banking Industry Fuels the Growth of Artificial Intelligence & Advanced Machine Learning Market


Portland, OR -- (SBWIRE) -- 10/05/2017 -- The artificial intelligence deals with simulation techniques; it involves the machines that are capable of performing similar tasks as humans; such as decision making and speech recognitions. Machine learning is an extended application of artificial intelligence, which allows the software applications to predict the outcomes accurately. Further, it can analyze the big data and extract information from it. In the banking industry, these help in fraud detection by tracking unusual transactions.

Artificial Intelligence & Advanced Machine Learning Market will influence by the increase in complex data sets such as big data in banking industry fuels the growth. In addition, the ability of these technologies to detect payment frauds further propels market growth. However, high initial investment costs and maintenance cost hinders the market. Advancements in data processing speeds and ability of these AI systems to spot nonstandard behavior patterns during auditing financial transactions are expected to make way for market growth.

Artificial Intelligence & Advanced Machine Learning Market Report Key Benefits:

-The study provides an in-depth analysis of the global artificial intelligence & advanced machine learning market and current & future trends to elucidate the imminent investment pockets.

-Information about the key drivers restrains, and opportunities are provided.

-Porters Five Forces analysis illustrates the potency of buyers and suppliers operating in the industry.

-The quantitative analysis of the market from 2017 to 2023 is provided to determine the market potential.

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Artificial Intelligence & Advanced Machine Learning Market Key Segments:

By Solution

-Smart Wallets
-Voice-Assisted Banking

By End-user

-Banking and Capital Markets

By Region

-North America

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Key Market Players Profiled In The Report:

-Jibo. Inc
-Next IT Corp.
-Prisma Labs, Inc.
-Quadratic Insights Pvt. Ltd.
-NVIDIA Corporation
-Inbenta Technologies Inc.
-Intel Corporation