Whether in banking, security, or retail, there is a clear trend regarding artificial intelligence (AI) and machine learning: they’re on the rise, and their proponents are fiercely in favor.
Indeed, there is a lot of good that can come out of AI. In the area of fraud detection, for instance, it is much faster and more thorough than humans when weeding out fraud attempts from millions, even billions, of daily transactions that live employees would never have time to sort by hand, handing over only the most suspicious activities for manual review.