There is a well-known saying in the business world that says that if there is “no risk, there is no profit”. And these days, this maxim could easily apply to artificial intelligence. This can be seen in the fact that AI is being adopted at a dizzying speed in the financial services sector, according to a recent study
by the multinational technology company Nvidia.
In a sector as competitive as financial services, all businesses are seeking to capitalise on the benefits of this new technology, whether it is process optimisation, task automation or improving customer experience.
The study, “State of AI in Financial Services”, consists of 500 interviews conducted with financial services professionals from around the world, including executives, data scientists, developers, engineers and IT specialists.
The survey certain reveals some eye-opening figures. For example, the study claims that 75% of companies are currently using at least one accelerated computing use case, whether it is high-performance computing (HPC), machine learning or deep learning.
Here at GDS Modellica, we have pulled out some of the most important figures and compiled them in an infographic to make them easier to understand. However, as always, we recommend that you take the time to read the full report when you can, which can be easily downloaded by registering on the Nvidia website.