Global Cognitive Systems & Artificial Intelligence in BFSI Market, Top key players are IBM ,MicroStrategy ,Rocket Fuel ,Infosys ,Synechron ,Next IT Corp ,IPsoft ,Brighterion ,Inbenta Technologies ,Narrative Science ,Quandl ,AlphaSense

Global Cognitive Systems & Artificial Intelligence in BFSI Market Report 2018

The AI and Cognitive technologies market is segmented into two deployment types, namely on-premises and cloud. Most of the AI technologies are delivered on the on-premises mode, owing to their technical, processing, and security advantages over cloud-based platforms whose penetration is more among the small and medium-sized enterprises, and this trend is expected to increase owing to the cost-effectiveness and versatility. Currently, on-premises segment is dominating the market with a share of 82.0%, which is expected to lose its share to cloud-based platforms by 2023.

Most of the technology providers operating in the market have services based on machine learning, deep learning, image and video processing, natural language processing, and others. Machine learning and deep learning are popular for pattern recognition in financial services & insurance; natural language processing is popular as virtual customer agents; image and video processing is widely used for cheques & document processing, knowledge management, advisory, and several other aspects.

Get sample copy of this report: http://bit.ly/2GkkBvl

Some of the key players operating in this market include: IBM ,MicroStrategy ,Rocket Fuel ,Infosys ,Synechron ,Next IT Corp ,IPsoft ,Brighterion ,Inbenta Technologies ,Narrative Science ,Quandl ,AlphaSense

The Americas is the leading region in terms of receiving AI services, followed by Europe and APAC. The Americas is known for its hundreds of AI technology developers who are driving the global artificial intelligence ecosystem. In APAC, China, Japan, India, South Korea, and Singapore are expected to support the market growth.

Globally, BFSI is the second most customer data-centric industry, where players have a bundle of new business opportunities from Artificial Intelligence (AI) and Cognitive Systems. It is an evolving data driven technology that works on on-premises and cloud-based software. The system replaces the human thought process with a simulated digital model that includes a self-learning system, which derives patterns by using data mining, speech recognition, and language processing techniques. The cognitive systems require AI platform to derive the complicated business issues.

Globally, the growing demand for digital technology and changing customer demands have led the BFSI players to adopt cognitive systems and AI implementation in their operations to deal with ever-changing regulatory & compliance laws to face the market risk and understand both income tax & corporate tax laws in an efficient way. It is also showing a strong presence in analyzing consumer behavior patterns to bring new offerings and is finding new distribution channels for the financial institutions. Furthermore, IoT, cloud technology, edge computing, security related technology (blockchain), etc. are supporting the market growth.

The financial institutions create a competitive advantage with the use of these technologies. The leading global financial institutions are investing in AI space, and thus, BFSI is the most lucrative investment destination for cognitive systems and AI key stakeholders.

The study covers and analyzes the “Artificial Intelligence and Cognitive Systems in BFSI”. Bringing out the complete key insights of the industry, the report aims to provide an opportunity for players to understand the latest trends, current market scenario, government initiatives, and technologies related to the market. In addition, helps the venture capitalist in understanding the companies better and take informed decisions.

Get Complete Report: http://bit.ly/2GkkBvl

About Us:

Market research is the new buzzword in the market, which helps in understanding the market potential of any product in the market. Reports And Markets is not just another company in this domain but is a part of a veteran group called Algoro Research Consultants Pvt. Ltd. It offers premium progressive statistical surveying, market research reports, analysis & forecast data for a wide range of sectors both for the government and private agencies all across the world.

Contact Us:

Sanjay Jain
Manager - Partner Relations & International Marketing
www.reportsandmarkets.com
info@reportsandmarkets.com
Ph: +44-020-3286-9338 (UK)
Ph: +1-214-736-7666 (US)

This release was published on openPR.