AI IS EVERYWHERE

The New Physics of Financial Services

Artificial intelligence is a critical aspect of the Fourth Industrial Revolution and has emerged as a clear focus of discussions at the World Economic Forum’s Annual Meeting
over the past few years. Financial institutions around the world are making large-scale investments in AI, while governments and regulators seek to grapple with the significant
uncertainties and growing public trepidation as AI becomes central to the fabric of institutions and markets.

Artificial Intelligence and Machine Learning

Governments, the private sector, civil society, academia and other stakeholders will co-design and pilot these frameworks and protocols to test theories about impact, iterate based on lessons learned and then scale their adoption globally.

It’s time for financial services to embrace the Fourth Industrial Revolution. Here’s why

The Fourth Industrial Revolution has had a staggering effect on certain industries. From healthcare to retail to agriculture, a range of sectors have dramatically changed the way they store data, extrapolate learnings from it, and then implement better practices as a result – from when to plant crops to deciding how many skirts to manufacture.

$58 Billion

Global AI investment by 2021

48% CAGR

Global cross-sector growth in AI investment through 2021

$10 Billion

Investment in AI by financial institutions by 2020

76%

Banking CXOs agree that adopting AI will be critical to their organization’s ability to differentiate in the market