Getting smart about artificial intelligence

Once the domain of fantasy sci-fi flicks and academic theorists, artificial intelligence (AI) is increasingly part of our everyday world. Intelligent machines can now drive cars, challenge chess grandmasters, diagnose diseases and manage multi-million-dollar portfolios—and they’re still evolving. What does it all mean, for you, your firm and capital markets more generally? Let’s take a closer look. From automation to intelligence AI has been around for more than 50 years, but technological advancements coupled with the human desire for personalization at scale are driving new developments in the field. At Accenture, we define AI as a computer system that can sense, comprehend, act and learn. It’s especially that last part—learning—that has really improved in recent years. Today’s AI uses sophisticated sensors to gather and structure data, and tools like natural language processing to understand human speech. When it comes to making decisions and acting on them, machine learning and robotic process automation has made it possible for AI to “learn” from data and respond to new situations without explicit programming. AI and capital markets In the early 1990s, capital markets firms began exploring opportunities to automate the decision-making process in their trading strategies. Today, most equity instrument trades on US…

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