AI Hot Spots: Where Is Artificial Intelligence Heading Now? - InformationWeek

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Data Management // AI/Machine Learning
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3/9/2020
08:00 AM
Cynthia Harvey
Cynthia Harvey
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AI Hot Spots: Where Is Artificial Intelligence Heading Now?

As artificial intelligence matures, these nine areas and industries look like they are poised to benefit the most.
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1. Financial Services

Image: Pixabay
Image: Pixabay

Mehra and Early pointed to banking and financial services as one of the key industries benefiting from AI. The structured nature of financial data and the industry's past experiences with analytics may have made it easier for companies in this sector to implement artificial intelligence.

"Many legacy organizations [in other industries] are still learning how to move from pilot projects to full operational deployments since the underlying data and architecture is very different in a pilot versus being operationalized," said Early. "Financial services and insurance firms have been better at the advanced analytics on transitions since that data is well understood and managed."

In the future, the industry could see additional gains by applying AI to other areas beyond analytics, such as customer service.

Cynthia Harvey is a freelance writer and editor based in the Detroit area. She has been covering the technology industry for more than fifteen years. View Full Bio

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