Global Artificial Intelligence (AI) in Retail Banking Market 2018 By Industry Revenue, Latest Technology, Key Players, Trends, and Opportunity Analysis
This report provides an in-depth insight of Global Artificial Intelligence (AI) in Retail Banking Industry covering all important parameters including development trends, challenges, opportunities, key manufacturers and competitive analysis.
Dallas, United States – July 3, 2018 /MarketersMedia/ —
Global Artificial Intelligence (AI) in Retail Banking Market 2018:
For six decades machine learning (ML) was poised to take off because members of the ‘artificial intelligentsia’ had already come up with the theoretical models that could make it work. The problem was that they were waiting for rich data sets and affordable ‘accelerated computing’ technology to ignite it.
These are now becoming more available, and amid a swirl of hype, ML – i.e., software that becomes smarter as it trains itself on large amounts of data – has gone mainstream, and within five years its deployment will be essential to the survival of companies of all shapes and sizes across all sectors.
For many investors, ML=AI; ML is an AI technology that allows machines to learn by using algorithms to interpret data from connected ‘things’ to predict outcomes and learn from successes and failures.
There are many other AI technologies – from image recognition to natural language processing (NLP), gesture control, context awareness, and predictive APIs – but ML is where most of the investment community’s funding has flowed in recent years. It is also the technology most likely to allow machines to ultimately surpass the intelligence levels of humans.
Many companies, like Alphabet, have already become ‘AI-first’ companies, with machine learning at their core. At the same time, many ML techniques are getting commoditized by being open sourced and pre-packaged into developer toolkits that anyone can use.
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Leading Key Players:
Alphabet
Amazon
Apple
Baidu
Cognex
Facebook
IBM
iFlytek
Intel
Nvidia
Salesforce
SAP
Splunk
Darktrace
Descartes Labs
Mobvoi
Palantir
Sentient Technologies
Vicarious
Ayasdi
Blue Yonder
FinGenius
Ipsoft
Kabbage
Kensho
LendUp
DataFox
MetaMind
Numenta
Preferred Networks
Quid
Sentient Tech
Uber
Viv Labs
Zephyr Health
BBVA
Commonwealth Bank of Australia (CBA)
Danske Bank
DBS Bank (Digibank)
Garanti
ICBC
La Caixa
Nordea
N26
USAA
Wells Fargo
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Table of Contents:
PLAYERS
TECHNOLOGY BRIEFING
Definitions
History of machine learning
How does deep learning work?
TRENDS
Technology trends
Macro-economic trends
Applications of AI in Retail Banking
VALUE CHAIN
Ten categories of AI software
INDUSTRY ANALYSIS
The tech sector’s angle
The Webscale companies
Enterprise software players
Proprietary datasets are also important
AI and ML are transforming the chipset market
The two critical components of any successful AI engine
WHAT AI MEANS FOR RETAIL BANKS
Recommendations for retail banks
How AI vendors can sell into the retail banking sector
Recommendations for IT vendors
Timeline
Market size and growth forecasts
COMPANIES SECTION
Listed tech companies
Privately held tech companies
Retail banking companies
APPENDIX: OUR “THEMATIC” RESEARCH METHODOLOGY
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