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Machine Learning. Maybe the most powerful innovation of our time, yet often the most mis-understood. Many people think of Data Mining, yet Machine Learning is a lot more, and its going to radically alter the banking landscape. Watch the video below to learn more and let us know what you think its impact will be.
2 Comments
Kevin Loney
3/10/2016 05:51:08 pm
Interesting piece; thanks for sharing. The challenge for the companies is to introduce ML in a way that can be shown to add value beyond just replacing existing functionality, since the up-front investment costs for implementation may be high (either in technology costs or in the cost for the experts who implement it). It takes strategic thinkers to stick with it.
Jim
3/10/2016 06:54:46 pm
That's an interesting perspective Kevin. I totally agree on the upfront costs will mostly limit the development to only the BIG banks for now. But narrow-focused AI is becoming cheaper by the day. I believe one of the banks has (or soon will) make a big bet in this space very quietly, and think that robo-advisors are showing them the way. Gotta love DeepMind winning! Leave a Reply. |
Jim KittridgeInnovator. Technologist. Banker. Author. Speaker. Archives
June 2016
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