Download as PDF, PPTX
More Related Content
Similar to Artificial Intelligence - Azeem Azhar
Artificial Intelligence - Azeem Azhar
- 1. ARTIFICIAL INTELLIGENCEIN THEFINANCIAL SECTOR Azeem Azhar, VP Venture & Foresight Schibsted Media Group @azeem http://azeem.io/s
- 2. Only three waysfor humans to get smarter Evolution Genetic engineering Artificial intelligence Inspired by Doug Lenat
- 3. 3 Across the uncannyvalley
- 4. AI is anumbrella term AI Machine learning Deep learning NLP Predictive analytics Rule-based systems
- 5. The BLUF Better, cheaperpredictions Risk management, trading, advising, KYC, credit assessments Automation of human tasks Customer service, advice, interfaces, back office process Product innovation New products and markets will open up WHAT NEW SOURCE OF ALPHA Judgment Experience, intimacy Agility or monopoly
- 6. Algorithmic improvement DQN DDQNPRIORITISED DUELLING IMPROVEMENT OVER 12 MONTHS Miles Brundage
- 7. Better at videogames 7
- 8. Good as human:captioning 8 Complex Tasks: Image Caption Generation http://arxiv.org/abs/1411.4555 “Show and Tell: A Neural Image Caption Generator”
- 9.
- 10. Major global internet companies releaseinternal machine learning & AI frameworks G, M, A & F: High level MLaas & AIaas Majors move into open source
- 11. 11 Can I compete? AI favoursthe large $$$$ training cost Improves with scale (data, layers, parameters) Hiring the right talent
- 12. Artificial Intelligence Explodes:New Deal Activity Record For AI Startups
- 13. The AI lock-inloop Inspired by Barney Pell
- 14. FinTech is boomingwith UK in the lead
- 15.
- 16. 41 startups bringingartificial intelligence to Fintech
- 17. In Q3 2016VC-backed finch companies raised $2.4B across 178 deals Overall fintech investment reached $2.9B
- 18. BENEFITS Faster actions anddecisions (e.g. for fraud detection) Better outcomes (e.g. for portfolio optimisation) Greater efficiency (i.e. better use of highly skilled people or expensive equipment) Lower costs (e.g. reducing labour costs with automated telephone customer service) Greater scale (i.e. performing large-scale tasks impractical to perform manually) Product and service innovation (from adding new features to creating entirely new products)
- 19.
- 20. “I suspect thatit’s going to transform all aspects of the financial industry” Andrew Lo, Director of the Laboratory for Financial Engineering at the MIT Sloan School of Management Euromoney Institutional Investor Thought Leadership survey of 424 senior executives from financial institutions around the world
- 21. Within 15 years,68%expect to see complete or substantial change to their own jobs. 4/10 fear it will have a negative effect on the structure of the workforce sooner – within the next three years. Euromoney Institutional Investor Thought Leadership survey of 424 senior executives from financial institutions around the world
- 22. LOAN ASSESSMENT RISK MANAGEMENT UPSELL/CROSS SELL FRAUD DETECTION TRADING KYC/AML USE CASES
- 23. Algorithmic trading systemsnow handle 75 % of the volume of global trades worldwide TRADING
- 24. “In five toten years, half of all financial advisors will be gone” Ric Edelman, Edelman Financial Services, top financial advisor in US
- 25. Identifies and executestrades entirely on its own AI that runs across on thousands of machines Uses evolutionary computation and deep learning Automatically recognizes changes in the market and adapts HEDGE FUNDS: AIDYIA
- 26. Numerai: collective artificial intelligenceto make stock market predictions. Data scientists submitted over 12 billion equity price predictions in less than a year STOCK MARKET PREDICTIONS
- 27. BIOMETRIC BANKING SANTANDER: VOICE PRINT MASTERCARD:SELFIE ID HSBC: FINGERPRINT
- 28. Robots as customerservice in retail banks
- 29. Human AI chatbots e.g. Cleo
- 30. Challenges - opportunityidentification & ethical execution How to identify opportunities How to build capabilities & culture How to manage business model challenges How to deal with humans How to manage risk in the face of systemic cascades
- 31. @azeem Thank you. subscribe forweekly updates www.exponentialview.co