AI may conjure images of a sci-fi thriller for some, but the reality is that machine learning has already become a part of our daily lives. In my world, banks have long had access to vast amounts of data, and using that data to achieve greater efficiency and provide better service is a no brainer. Still, we can’t deny that many are fearful that smarter technology can eliminate jobs. Of course, with innovation comes new threats and we cannot be flippant about the risks of AI or any technological advancement. So, while any technology brings a level of risk, separating the sci-fi from our business reality will allow us all to embrace AI and benefit from the many efficiencies it can enable.

Source: Forbes February 23, 2018 19:41 UTC