Big data meets artificial intelligence

Big data and AI have triggered profound changes

Society and the business world are currently undergoing profound technological changes. Digital networking is increasingly prevalent and new technologies are helping tackle ever more complex tasks. This trend is driven in particular by the availability of large quantities of data – big data (BD) – and by the improved opportunities for using this data – artificial intelligence (AI).

BAFIN (German Federal Financial Supervisory Authority) with the help of external consultancy formulated a report to address the potentially profound impact that BDAI technology can have on the financial services industry. Use cases are presented from multiple angles: as seen from the perspective of banks