The global AI in the BFSI market is estimated to grow significantly, at a CAGR of 34.3%, during the forecast period. The applications of AI in banking involve developing proactive risk management systems and achieving productivity gains. Regardless of the nascent stage of AI adoption, the profits have already been realized at numerous large-scale banks over the globe. Several banks...

Many businesses have learned the hard way that not every AI project leads to glory and success. In fact, a 2023 CIO.com survey found that more than half of AI projects fail to produce actionable results at all. There are many reasons for this, but one of the biggest causes we frequently see is a disconnect between the data scientists who are actually building the models and the end users who...