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COVER STORY

ARTIFICIAL

INTELLIGENCE

AND INTELLIGENT

BANKING

Is artificial intelligence less than our
intelligence? - Spike Jonze

A rtificial intelligence (AI) refers to the simulation are working continuously and passionately to evolve the A.I.

As technology advances, previous benchmarks that defined
of human intelligence in machines that are
programmed to think like humans and mimic
artificial intelligence become outdated. For example,
their actions. The term may also be applied to
any machine that exhibits traits associated with a human machines that calculate basic functions or recognize text
through optical character recognition are no longer
mind such as learning and problem-solving. considered to embody artificial intelligence.

The ideal characteristic of artificial intelligence is its ability AI is continuously evolving to benefit many different
to rationalize and take actions that have the best chance industries. Machines are wired using a cross-disciplinary
of achieving a specific goal. It was in the mid-1950s that approach based on mathematics, computer science,
John McCarthy, widely recognized as the father of Artificial linguistics, psychology, health care, sales retails, operations,
Intelligence, coined the term "Artificial Intelligence" which ecommerce and more. Coming to financial industry, where
he would define as "the science and engineering of making it is used for fraud detection, trade and sales forecasting
intelligent machines". ease of operation, voice assisted banking.

Researchers, scientists, engineers, linguists, domain experts
Artificial Intelligence (AI) Overview
About the author A thorough and hype-free review of AI in business was
published recently by Deloitte, Demystifying Artificial
Biswajit Sen Intelligence, suggesting the term "cognitive technologies"
Chief Manager(Faculty) to encourage focus on the specific, useful technologies that
STC Kolkata
emerge from the broad field of AI.

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