What is Artificial Intelligence?

You don’t have to be a tech geek to have heard of the term Artificial Intelligence (AI). There are many articles that even state that AI will take over the world and in a way, AI has been a valuable tool in the business market. So, the question is: What is AI?

Artificial Intelligence in a nutshell:

There are many artificial intelligence tutorials on the internet to learn about this concept. In a few words, AI refers to a machine, especially a computer, doing the work of human intelligence. Instead of using humans to perform tasks like analyzing data, speech recognition, and more, now machines are equipped to do the same tasks using a couple of algorithms.

Artificial Intelligence courseIn an artificial intelligence tutorial, you will learn the basics of AI, its applications, and how it can be used to make an otherwise tedious process simple.

Many corporate giants like Google, Apple, Facebook use AI to constantly improve their services and collect valuable data.

Artificial intelligence careers are promising in the current market as they have a wide range of applications in different fields. Some of the major artificial intelligence careers include:

  • Big Data Engineer
  • Business Intelligence Developer
  • Data Scientist
  • Machine Learning Engineer
  • AI Data Analyst

There are many other fields and roles that you can apply for after receiving your course training in all things AI.

What is Data Science?

One of the top career opportunities in AI is as a Data Scientist. Let us explain this concept in short:

Data science courses include programming skills, mathematics, statistics, domain expertise, and more. This is to understand the data collected from AI and derive meaningful insights. These insights are then turned over to decision-makers to plan out business goals.

If you’re hearing phrases like Big Data, Machine Learning, Business Intelligence, and others, chances are they are referring to a data science course. Taking up a data science course can guarantee a lucrative job opportunity.

There are many data science courses in India. From an 11-month crash course to a 3-year diploma, there are many options you can look into. You can research the best data science courses in India to find the top institutions recommended for you.

Business Analytics Courses

While the job of a data scientist is to derive meaningful insights from the data, it is the job of a Business Analyst to turn them into tangible business decisions. This is another opportunity that ranks high on the pay scale in the AI industry. All you need to do is take up a business analytics course to gain knowledge on the topic and land a job in the relevant field.

Related Article:

https://imarticus.org/does-machine-learning-excite-you-check-out-the-imarticus-data-science-course/

Bringing AI and Machine Learning Accessible to Enterprises Credit to Cloud!

Artificial Intelligence (AI) technology has been a game-changer for businesses. It has revolutionized how businesses operate and get the work done. Artificial intelligence technology imparts machines with the ability to understand and apply intelligence while processing complex data that would’ve earlier required human aid. Machine learning is a part of Artificial Intelligence technology and entails training machines to process information using large data sets.

Let’s discuss a real-life scenario to understand the functioning of machine learning technology better. Have you ever wondered why the prices keep on fluctuating when you book a Cab using Uber? Well, that’s machine learning technology into action for you.

Dynamic pricing is how the machine learning algorithms leverage buyer’s curiosity, demand, traffic congestions, etc. to regulate the cost and price the fare accordingly. Machine learning is increasingly being deployed by organizations to help with complex real-time data processing.

AI & ML Accessibility  

Accessibility has always been a challenge when it comes to adopting AI & ML technology for businesses; cloud solutions have helped paved the way for even smaller businesses to adopt AI & ML technology. Here is a list of few cloud services that is changing the way businesses adapt to AI & ML solutions.

  1. Amazon Web Services (AWS)

Amazon needs no introduction; it has always been about boosting customer satisfaction and improving business practices. AWS is a cloud solution offering from Amazon that provides a diverse range of machine learning solutions including Amazon SageMaker that simplifies the process of creating, training, and deploying machine learning models to work. Other machine learning-related solutions by AWS includes dynamic pricing models, search recommendations, automated customer service, etc.

  1. Google Cloud

Google’s cloud solution is second in this list of cloud services that have made machine learning more accessible for companies. After the development of an open-source platform named TensorFlow, Google has achieved new heights in the AI & ML arena. In addition to its indigenous open-source application, it is also associated with DeepMind, one of the most prominent players in the machine learning space. AlphaGo is a flagship program by DeepMind that has revolutionized the machine learning and AI space.

  1. Azure by Microsoft

Azure by Microsoft is another prominent name in the list of cloud platforms that have made machine learning more accessible for organizations of all sizes. Azure boasts of in-built machine learning services for organizations that want to leverage machine learning models into their business operations. To make it more easily and user-friendly it has both code-based and drag and drop functions. Azure aims to revolutionize the machine learning space by focusing on building a bias-free responsible machine learning solution.

Conclusion

Machine learning is an indispensable tool for businesses in the contemporary that rely on the use of sophisticated technology to operate and reach new customers. Machine learning career is in huge demand as more and more businesses are leveraging this remarkable technology to grow their business and optimize their operations.

One can opt for a machine learning course from reputed institutions like Imarticus Learning to obtain comprehensive knowledge about this technology and obtain a job with some of the most reputed organizations.

Guide To Adversarial Validation To Reduce Overfitting in Machine Learning!

To any Data Scientist, creating a model and overfitting it to your data is one of the very typical challenges you would have to face. When a particular model performs perfectly when given training data but is unable to perform well on the test data, it becomes evident that the model is trying to accommodate and compensate for the overfitting by cross-validation or sometimes hyperparameter turning.

Other times the issue of overfitting goes unnoticed due to its subtle nature. This goes to show that sometimes the problem may be visible while other times it may be hard to catch.

In some cases, cross-validation will not do a good job of fixing problems. This occurs when the test data is brought from a different source than the train data. Cross-validation requires a certain training set to solve overfitting issues, thus failing.

The solution to these problems is adversarial validation.

What is Adversarial Validation?

Adversarial validation is a method used to reduce overfitting by applying it to the data. It involves the identification of the similarities between the test data and the training data. This is done through analysis of the distribution of features. A classifier is built which in turn makes predictions about where the data is from exactly.

It assigns rows from training sets and rows from test sets in the form of 0’s and 1’s respectively. If any differences exist, they can be identified quickly and easily. This technique is made use of mostly in Kaggle competitions.

Execution and Application of the Adversarial Validation Technique

Selecting a data set in order to try and identify the performance, the following steps are followed:

  1. The data is downloaded and in order to turn the data into a usable format, pre-processing is carried out.
  2. Unnecessary and irrelevant columns are dropped while column setup is being done. The empty columns are to be filled in with default values.
  3. Once this is done a separate column is created for the validation classifier. This will contain the 0’s and 1’s pertaining to the training and test data respectively. Then both the datasets are combined to leave just one.
  4. Once the data is turned into a categorical set you would be required to do the writing and training of the classifier. Catboosting the classification may make things more convenient.
  5. By plotting a roc graph you would be able to tell whether the classifier is performing well.
  6. If there is a large variation in the data sets, a graph can be plotted to find the most important feature.
  7. After gathering all the information you would be able to remove a few features and re-check the model.
  8. The goal of this entire process is to make it very difficult for an advert to classify between the two points, that is the training and testing points.

Although adversarial validation is a very good method to identify the distribution, it does not give any measures to mend the distribution. The adversarial model can be analyzed and the important features can be found with this technique. The model also distinguishes between labels, thus allowing the analyst to drop those features.

In conclusion, adversarial modeling can assist in the identification of the hidden reasons behind a model’s inability to perform optimally. This method can be utilized to come up with advanced machine learning models, making it popular among people competing in Kaggle. The only drawback with this method is that it is still in development and does not provide solutions to mend problems with data distribution.

Machine Learning Training is perfect for people looking for a job in data analysis. Analytics and artificial intelligence course would also help in increasing the person’s knowledge further and thus assuring their success in the field of data analysis.

Artificial Intelligence in Fintech: Understanding Robo-advisors Adoption Among Customers

The influence of Artificial Intelligence (AI) and its application in various industries have brought about a positive outlook on how operations are done in many sectors. In direct contrast to traditional methods, AI is making processes more smooth, beneficial to businesses by reducing overhead costs on labor and human error.

AI in financial technology (Fintech) has also seen vast applications and not just in banking and financial management but also in catering to the advisory portion of it. With AI in the mix, Fintech companies can now offer customers 24/7 support along with and reduce operational fees levied for their services.

Fintech Courses in India

Fintech isn’t just for financial institutions but also for businesses that employ financial services as part of their operations. Thus, despite the field of operations, fintech is useful in all businesses to make the process automated and smooth. Thus, many fintech startups are seeing rapid growth in the field.

Fintech courses in India have seen great exposure as the applications of this course don’t just stop at giving businesses backend solutions but also make customer-facing services smoother. Wealth management, better banking and investment management services, and more, this field has financial technology courses that give students a chance to get into great positions in the field.

Some of the courses that rank high in India include:

  • Data Science Analysis
  • Data Science Visualization
  • Artificial Intelligence in Fintech
  • Machine Learning in Fintech
  • Wealthtech
  • Robo-advisors and their applications
  • Cyber Security and more

Adoption of Robo-Advisors Among Customers

The scope of this financial technology course studies the application and adoption of Robo-advisors in the banking and investment sector. Businesses including financial institutions save a lot of costs involved in manpower and support by adopting Robo-advisors in their business to deal with customer-facing queries.

With this course, you understand the challenges involved in AI in financial services, the history of Robo-advisors and customer feedback on them, and measures involved in the successful implementation of Robo-advisors for business.

As with any new innovation, customers and even businesses are slow to adapt and test the use case of Robo-advisors. However, the course is aimed at understanding user behavior and how to overcome traditional beliefs involved in its implementation.

Careers in Fintech

There is no doubt that fintech has brought about a huge change in financial services. It is not just about the digitalization of banking and investment services but also includes cryptocurrencies, blockchain management, and more.

The prospects of a career in fintech have high demand. Fintech is the upcoming innovation that has led many financial products and their management smoother and more profitable for businesses. Entry into one of the fintech companies requires a course or a degree in financial technology and the knowledge of AI, machine learning, and its applications.

As a fintech student, you can push your career path as a data analyst, blockchain developer, cybersecurity specialist, mobile app development, and other positions. Many organizations are looking forward to hiring candidates with the right skills to help them develop the necessary IT infrastructure or monitor and analyze data secured by AI functions.

Working in a fintech company has a lot of benefits as AI in finance is a disruptive force taking over several operations in the financial sector. It can soon replace many traditional methods of banking, investment, and handling financial services. The growth in your career and the monetary benefits are worth pursuing a course in fintech.

Why Artificial Intelligence is Invaluable for Weather Forecasting and Disaster Prediction

For most people, weather forecasts are simply indicators of whether they need to carry an umbrella or throw on a coat when they go outside. However, for many industries and types of individuals, weather changes and patterns have a direct impact on their lives and livelihoods.

Agriculture, for example, benefits from accurate weather forecasting because farmers can make better planting and harvesting decisions. For governments, weather forecasts factor in their budget plans and disaster relief fund allotments. Businesses that rely on clear weather (or rough weather) depend on weather forecasts to drive several of their operational processes.

From all this, it is easy to gather that accurate weather and disaster forecasting carries much more weight than we think. Artificial intelligence augments the accuracy and reliability of weather forecasting, especially given that so many details fluctuate every day and with every geographical location. It is a great fit, given the volume of data is nigh impossible to sift through with manual labor alone.

In short, the future of artificial intelligence will also see its increasing use in the weather and natural disaster forecasting domains. Here are  a few more reasons why:

  • Managing several sources of weather data

There are currently more than one thousand weather satellites orbiting the  Earth, each sending back weather data dumps to various collection points. These data dumps are a mix of information about temperatures, cloud patterns, winds, and pollution levels. Then there are thousands of government and private weather stations around the world, each conducting their own real-time research on weather and climate.  It is nearly impossible to sift through all this data manually, but AI algorithms can do it in a matter of hours.

  • Sifting through multiple data categories

Suffice to say that the amount of data generated from satellites and personal weather stations is too much to fathom, and impossible for humans to sift through. However, Artificial Intelligence training can be applied to segregate and classify data from dumps, as well as to pull out key insights for analysis. This is a preliminary process in the weather prediction model, wherein AI segregates data based on indicators, flags significant shifts or patterns, and keeps data classified such that predictions are made as accurately and as scientifically as possible.

  • Preparing for potential disasters

Beyond real-time predictions, AI is also used to identify patterns and prepare for natural disasters in advance, off the back of previous circumstances. It may also split this data between geographies, allowing disaster management teams to evaluate which areas will be hit the hardest and prepare for that. This data is also invaluable for civil engineering teams, architectural firms, and city planning teams who need to take weather into account when mapping out residential and commercial areas.

  • Sending out warnings

Apart from predicting natural disasters, AI can also be leveraged to send out warnings to potential danger zones. This is invaluable when it comes to saving human and animal lives and generally preparing areas for the worse. Warnings can be sent out through media alerts, push notifications, and citizen broadcasts; whatever the method of delivery, AI is vital to sending such notices out in time and to the right people to curb panic and facilitate seamless planning.

Artificial Intelligence Training for Weather Forecasting

Weather forecasting teams and companies need skilled AI scientists and engineers to apply theory to practice in real-time. They need AI professionals who can create automated setups to free human minds for higher-order thinking; they also need pros who are fast on their feet and adept at creative problem-solving.

Using AI for weather forecasting is a whole new ball game – one on which many lives depend.

HOW AI HELPS VIDEOBOT ANSWERS COVID-19 QUERIES WITH MULTILINGUAL VOICE AND TEXT?

Artificial intelligence is helping us during the time of one of the biggest crises in the world. It explains why youth today want to focus on having artificial intelligence training for a better career ahead.

Currently, AI helps diagnose health risks, deliver services, discover new drugs, track coronavirus infections around us, and much more. The pandemic is becoming more significant by the day, but AI is coming to the rescue through different forms of its usage.

It is not only helping researchers, scientists, and doctors to secure people’s lives but tech firms and governments to keep everyone aware. These industries are jointly working towards making the world COVID free.

CoRover teaches us to use the artificial intelligence career at its best

Recently, a start-up driven by artificial intelligence, named CoRover, create a conversational platform. It helps businesses offer authentic information to customers instantly and automatically. The system works with the help of an AI-based doctor-video bot named AskDoc.

The bot addresses queries about coronavirus, transmission, and preventive measures. It includes multilingual voice formats and text formats. Thus, it helps Indians with diverse language options like Hindi, Marathi, Tamil, Telugu, and Kannada. It also includes German and French languages.

How does AskDoc work?

AskDoc helps users get automated replies about COVID-19 and safety protocols given by the Ministry of Health and Family Welfare. It also provides information from the World Health Organization (WHO) and the Government of India.

To ask questions, users need to log into the app. They can use voice recognition or send videos to get replies. Once the app receives a query, the chatbot backend passes it through several layers of its framework.

One can access AskDoc from their laptops other than the app. It offers a chat-based portal that replies to basic questions. Even after going through layers of understanding of the data provided, the answers are pretty quick and specific.

The app helps people interact with healthcare experts across the world. They can ask questions about coronavirus and have diverse knowledge about dealing with it.

How is CoRover making an impact with AI?

The team that made CoRover is currently working towards email integration, as it is also a major source of information. It will help several government-based platforms to get quick answers.

The company also introduced Ask Disha, a conversational AI platform with more than 20 billion interactions by more than 200 million people. With the help of machine learning and artificial intelligence, it helps connect administrative staff, travelers, verified service providers, and more. The recently growing company from Bangalore has already applied for two patents for its product.

Chatbots with AI are not new and know the right way of using empathy and emotions to connect to humans. These work as efficient virtual assistants and help medical experts, medical staff, patients, and families in several cases.

The chatbots created for health only focus on aspects of healthcare. Currently, chatbots for health are increasing due to the coronavirus pandemic. With voice recognition and text formats, these can reach out to people as other humans do.

Many businesses are incorporating chatbots to offer information about COVID-19. Moreover, the Centers for Disease Control and Prevention (CDC) and WHO have chatbots on their websites to provide quick information about the virus. Several governments are also incorporating the same to keep their people aware and safe.

The Impacts of Robots in Regular Life!

Robots are used in many areas of our life, including 10 possible uses of robots in our daily life: Automated transport (autonomous robot) Automated transport (autonomous robot) The first major spread of visibility The use of mobile robots is seen through autonomous cars.

The advances in the development of automated autonomous vehicles over the past 10 or 15 years have been astonishing. New cars without robotics are like computers on wheels. But with robotics, they’re more efficient and dangerous. Autonomous robots are not robots that can drive cars. What it really means is that cars are built like robots and artificial intelligence is fed into those cars.

In a modern world like many countries in Europe and America, the automated autonomous vehicle is available like buses, trams and trains are automated, but vehicles like cars that circulate on the streets are not very general, but recently Audi, Mercedes, Google, they are presenting autonomous cars. The day is not far off when human drivers are not needed to drive vehicles.

As a result, accidents may not happen as many as there are today. Security, Defense and SurveillanceSecurity, Defense and Surveillance The work of security, defense, and surveillance robot is normal: it inspects the desired area. Immediately notify the owner if there has been any kind of malfunction. This type of robot is used in the military. This type of robot can also be used in everyday human life.

In the army, this type of robot does different types of work. . They are used to arm and defuse bombs. You will be sent to the desired area to monitor enemy activity, which is definitely a dangerous job for soldiers.

Robotics trainingFor use in everyday human life, this type of robot monitors your house. This robotics training helps people to monitor the sky, the ground, and the water from a remote location.

You can control this kind of robot from another location to send them to the desired location to monitor the activities of that location. Your home and property will not be damaged if you are not around to monitor them.

Cooking with Robots Cooking with Robots After spending a full day at the office, it becomes annoying to motivate yourself at home to cook a delicious meal for yourself.

The abbreviation is sometimes not healthy and tasty enough. But what if you had a robotic kitchen assistant to help you cook the food to your liking? There are many programmable robots that can prepare the food of your choice. All you have to do is set the number of food ingredients. The robot does the rest. A lot of robots are now being introduced that you can copy. You only need to cook in front of the robot once.

The movement of your body is registered by the camera, from then on the robot will copy your actions to prepare this meal for you, this type of robot kitchen helpers are being introduced in many hotels and homes, some companies are making these types of robots, including, Moley Robotics, Shadow Robot companies are quite famous.MedicalMedicineThe influence of robotics is undeniable in the medical field. Recently, engineers have successfully discovered surgical robots.

This success has resulted in a large financial investment in robots in medicine. Recently, Google and Johnson & Johnson worked together to develop a next-generation medical robotic system. While robots were only used as assistants in the clinical system in the recent past, they are now being introduced as an integral part of the clinical system.

Although not yet possible, it is not far from replacing the surgeon with robots in operations. The robotic system has established itself in clinics around the world. Therefore, engineers work hard to successfully invent micro and nanorobots.

Doing things that require precise and accurate performance in a way that a human cannot. For the drug delivery system, these robots can concentrate the therapeutic payload locally around the pathological sites so that they can reduce the dose of the drug delivery and the side effects they cause.

Education roboticsEducation Robotics is now known as an all-purpose technology. This means that it has the potential to change societies through its effects on economic and social structures.

So it is now natural to start discussing robotics in education. Many students suffer from different types of illnesses on a daily basis.

Therefore, they cannot physically attend classes. Because of this, the lessons are lost. Engineers have developed robots that can help students attend their classes remotely. The robot acts as a person in the classroom that is controlled by the person himself. His cameras are his eyes and the body is used for interaction.

#KnowledgeBytes: Artificial Intelligence – Customer service Trends!

In this Imarticus Learning video, Jasjeet Kaur – Head, Western Region, explains how Artificial Intelligence acts as a game-changer in customer service in today’s world. She wonderfully explains to us with an example the fact that with Artificial Intelligence operations become faster, more effective, cheaper, yet more human.

Virtual assistants are no more a mere concept that we can only experience in Hollywood movies, but it has become a part of our daily lives today. Siri and Alexa are some of the most relatable examples of the rise of virtual assistants.

Jasjeet further elaborates on how the Internet of Things (IoT) will help the product companies to provide proactive service for high-end products. Robotic process automation reduces human efforts by overtaking the tasks learned through repetitive actions and performing them in a better way over a period of learning. Jasjeet tells us how companies can use Digital Interactions to transform their customer service.

It enables deeper interaction in the physical world without physical presence. Jasjeet says that all the above aspects lead to the emergence of super agents.

Check our complete #ImarticusPrograms playlist here: https://bit.ly/2JP52hM Subscribe to our channel to get video updates. Hit the subscribe button above.

Why Imarticus?

Imarticus Learning offers a comprehensive range of professional Financial Services and Analytics programs that are designed to cater to an aspiring group of professionals who want a tailored program on making them career ready. Our programs are driven by a constant need to be job relevant and stimulating, taking into consideration the dynamic nature of the Financial Services and Analytics market, and are taught by world-class professionals with specific domain expertise.

Headquartered in Mumbai, Imarticus has classroom and online delivery capabilities across India with dedicated centers located at Mumbai, Thane, Bangalore, Chennai, Pune, Hyderabad, Coimbatore, and Delhi. For more information, please write back to us at info@imarticus.org

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How Criminals Are Using AI And Exploiting It To Further Crime?

AI can use the swarm technology of clusters of malware taking down multiple devices and victims. AI applications have been used in robotic devices and drone technology too. Even Google’s reCAPTCHA according to the reports of “I am Robot” can be successfully hacked 98% of the time.

It is everyone’s fear that the AI tutorials, sources, and tools which are freely available in the public domain will be more prevalent in creating hack ware than for any gainful purpose.

Here are the broad areas where hackers operate which are briefly discussed.

1. Affecting the data sources of the AI System:

ML poisoning uses studying the ML process and exploiting the spotted vulnerabilities by poisoning the data pool used for MLS algorithmic learning by. Former Deputy CIO for the White House and Xerox’s CISO Dr. Alissa Johnson talking to SecurityWeek commented that the AI output is only as good as its data source.

Autonomous vehicles and image recognition using CNNs and the working of these require resources to train them through third-parties or on cloud platforms where cyberattacks evade validation testing and are hard to detect. Another technique called “perturbation” uses a misplaced pattern of white pixel noises that can lead the bot to identify objects wrongly.

2. Chatbot Cybercrimes:

Kaspersky reports on Twitter confirm that 65 percent of the people prefer to text rather than use the phone.  The bots used for nearly every app serve as perfect conduits for hackers and cyber attacks.

Ex: The 2016 attack on Facebook tricked 10,000 users where a bot presented as a friend to get them to install malware.

Chatbots used commercially do not support the https protocol or TLA. Assistants from Amazon and Google are in constant listen-mode endangering private conversations. These are just the tip of the iceberg of malpractices on the IoT.

3. Ransomware:

AI-based chatbots can be used through ML tweaking to automate ransomware. They communicate with the targets for paying ransom easily and use the encrypted data to ensure the ransom amount is based on the bills generated.

4. Malware:

The very process of creating malware is simplified from manual to automatic by AI. Now the Cybercriminals can use rootkits, write Trojan codes, use password scrapers, etc with ease.

5. Identity Theft and Fraud:

The generation of synthetic text, images, audio, etc of AI can easily be exploited by the hackers. Ex: “Deepfake” pornographic videos that have surfaced online.

6. Intelligence garnering vulnerabilities:

Revealing new developments in AI causes the hackers to scale up the time and efforts involved in hacking by providing them almost simultaneously to cyber malware that can easily identify targets, vulnerability intelligence, and spear such attacks through phishing.

7. Whaling and Phishing:

ML and AI together can increase the bulk phishing attacks as also the targeted whaling attacks on individuals within a company specifically. McAfee Labs’ 2017 predictions state ML can be used to harness stolen records to create specific phishing emails. ZeroFOX in 2016 established that when compared to the manual process if one uses AI a 30 to 60 percent increase can be got in phishing tweets.

8. Repeated Attacks:

The ‘noise floor’ levels are used by malware to force the targeted ML to recalibrate due to repeated false positives. Then the malware in it attacks the system using the AI of the ML algorithm with the new calibrations.

9. The exploitation of Cyberspace:

Automated AI tools can lie incubating inside the software and weaken the immunity systems keeping the cyberspace environment ready for attacks at will.

10. Distributed Denial-of-Service (DDoS) Attacks

Successful strains of malware like the Mirai malware are copycat versions of successful software using AI that can affect the ARC-based processors used by IoT devices. Ex: The Dyn Systems DNS servers were hacked into on 21st October 2016, and the DDoS attack affected several big websites like Spotify, Reddit, Twitter, Netflix, etc.

CEO and founder of Space X and Tesla Elon Musk commented that AI was susceptible to finding complex optimal solutions like the Mirai DDoS malware. Read with the Deloitte’s warning that DDoS attacks are expected to reach one Tbit/sec and Fortinet predictions that “hivenets” capable of acting and self-learning without the botnet herder’s instructions would peak in 2018 means that AI’s capabilities have an urgent need for being restricted to gainful applications and not for attacks by cyberhackers.

Concluding notes:

AI has the potential to be used by hackers and cybercriminals using evolved AI techniques. The field of Cybersecurity is dynamic and uses the very same AI developments providing the ill-intentioned knowledge on how to hack into it. Is AI defense the best solution then for defense against the AIs growth and popularity?

To learn all about AI, ML and cybersecurity try the courses at Imarticus Learning where they enable you to be career-ready in these fields.

How AI is Helping the Financial Sector Cover Regulatory and Compliance?

Synopsis

Artificial intelligence (AI) is here and is making waves in the financial industry. From sales management to compliance and protection against cybercrime, here is everything you need to know about AI 

On any given day, you as a consumer can carry out transactions online without having to worry about security and if your payment goes through or not. How is this possible?  From shopping online to overseas transfer, emerging tech such as Artificial Intelligence, Blockchain, Cloud has revolutionized the way the Financial industry works. In the past decade, Fintech has seen new dawn with many organizations heavily investing in Artificial Intelligence.

So, what is Artificial Intelligence? Simply put Artificial Intelligence courses are the ability of a machine to learn and process data for insights that impact the business.

It means that a machine is capable of learning on its own and arriving at solutions that can reduce cost and improve the efficiency of any business. In the financial sector, artificial intelligence is involved in every component today. From regulatory compliance to consumer insights, AI is changing the way the Fintech industry functions.

One of the most important aspects of the financial industry is regulatory compliance and cybersecurity. Another facet of this is sales management. As there is a shift in the way things work, it is important for the leaders of organizations to take stock of the benefits and consequences of deploying AI in their company.

Here are the top things that one must be prudent of while hailing in this new technology

Regulatory Compliance

Before Artificial Intelligence, the burden of compliance and authority rested with individuals and professionals who were trained in the field.  This also accounted for human errors, incorrect processing of data, and took a longer
duration of time. With AI, there is minimal human intervention when it comes to regulatory compliance and the machine also takes less time when it comes to analyzing the right data and arriving at a solution.

This will also impact the business drastically and reduce costs. In the financial sector, compliance is something that cannot be compromised on, and thereby use of AI will have a positive impact.