IoT & AI and Finances: How Modern Technologies Affect One of the Strongest Industries in the World

Too Long; Didn't Read

We are continuing a series of our posts dedicated to <a href="https://dashbouquet.com/blog/artificial-intelligence/machine-learning-and-ai-trends-for-2018-what-to-expect" target="_blank"><strong>IoT &amp; AI </strong></a>and this time we will have a look at the finances sector. This industry is incredibly demanding as it deals with big and important numbers on daily basis and thus it requires careful analysis and processing of all the incoming data. The Internet of Things and implementation of artificial intelligence offers new possibilities to the financial industry and some of the changes have already been implemented. Thus, <a href="https://www.mckinsey.com/business-functions/digital-mckinsey/our-insights/the-internet-of-things-the-value-of-digitizing-the-physical-world" target="_blank"><strong>Mckinsey</strong></a> estimates that the IoT has a total potential economic impact of $3.9 trillion to $11.1 trillion a year by 2025.