Machine Learning takes part in the accelerated development of technologies. Here you can discover the advantages of AI and ML across many areas of the business.
Contact UsThe first AI research started in 1956 when scientists got access to digital computers. Look where we are half a century later. Big data, robots, machine learning, and NLP are a part of the daily business routine, let alone academic research. The community of AI experts and enthusiasts is now broader than ever, so the need for knowledge exchange is...
Read more“Ignoring technological change in a financial system based upon technology is like a mouse starving to death because someone moved their cheese.” – Chris Skinner, fintech expert and author of Digital Bank and its sequel, ValueWeb. It’s no secret that fintech is a pioneer in adopting innovative technologies. While artificial intelligence is something alien for many industries, the market for AI in fintech...
Read moreRegulatory compliance is a challenge for financial institutions nowadays. If you’re reading this article, you probably agree, just like thousands of entrepreneurs all over the world. Where is that compliance lifeline everyone is looking for? It lies within financial RegTech. Now we know that the RegTech market is booming: with a market size of 6.3 billion USD in 2020, it will reach 16 billion USD in 2025...
Read moreNot so long ago, artificial intelligence was a tricky invention from fiction books and movies. Today, things have taken a different turn, becoming a part of business reality. We at CHI Software are exploring AI from various perspectives, applying it in numerous domains. In this article, we look closely at AI-based decision-making. In a Gartner survey, 65 percent of respondents...
Read moreHave you ever thought about the amount of data that surrounds you daily? How about the volume of data in your business life? Here are some staggering stats. Every second of 2020, Facebook users sent 150,000 messages, YouTube users uploaded 500 hours of videos, and Instagram users posted 347,222 stories (according to the Data Never Sleeps report). The question is,...
Read moreIn the past decade, the amount of information processed by commercial organizations has grown exponentially. This information, known as big data, can bring many benefits to businesses, but only if it is worked with correctly. Without proper preparation and processing, big data doesn't add much value. The impact of data science is especially visible in retail and e-commerce. Industry analysts highlight that more than 75 percent of...
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