Demand for artificial intelligence goes global

‘The financial sector understands the value of innovation and there is real ambition to implement artificial intelligence around the world, especially in Europe and the US’ Synechron Inc., the global financial services consulting and technology services provider, has announced that nearly 60 financial institutions are set to implement artificial intelligence (AI) technology – with interest spanning across four continents. Currently, 57 financial institutions based in Europe, the US, Middle East and Asia are being helped to adopt AI technology by Synechron: 28% of these firms are based in Europe with UK headquartered institutions accounting for nearly half (45%) of the interest in Europe, and 23% of interest worldwide. And, 25% of firms set to implement AI are also based in the United States. Of the 57 firms looking to implement AI, 30% are focused on robotic process automation, and another 30% is focused on chatbots. >See also: 5 ways AI will impact the global business market in 2017 A further 26% involve natural language processing or natural language generation. Robo-advisors and data science each bring in a further four leads, respectively. Most (54%) of the interest from the UK is centered on robotic process automation, while 43% of US firms and 30%…

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