Artificial Intelligence AKA AI in BFSI market is primarily driven by rapid surge in the digital data. The digital data is growing to with annual growth rate of more than 40% over the period of decade. Growing adoption of IoT devices and advanced technologies including Big Data are major factors propelling the surge in the data.

The Artificial Intelligence (AI) in BFSI market report discusses the growth factors, opportunities, trends, and challenges. These market dynamics show the current scenario coupled with future growth and opportunities present in the global Artificial Intelligence (AI) in BFSI market. One of the key part of the report is vendor landscape, which also involves the details of key players such as segmental share, company history, annual turnover, new product launches, SWOT analysis, mergers and acquisitions (M&A) activities, and recent research and development (R&D).

Growing adoption of smart devices and growing penetration of internet services across the globe is fuelling amount of the data. This encourages numerous groups and businesses to deploy advanced technologies and to extract visions from huge dissimilar data sets.

Additionally, financial institutes and businesses are leveraging on the AI for collection and analyzing large chunks of data from extracting important insights about the customers to cater their requirements. The technology is able to perform tasks including understanding natural language, images, advanced machine learning algorithms, and speech & text. This is a factor that is expected to augment demand for the technology over the forecast period.

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