TED talks are known to empower us with knowledge and allow us a peak into how smart people think. There has been a huge hype around AI for a few years now and yet, most of us are not sure about what this new technology can do for us? Most often than not we are in fear of the negative impact it can have on our lives. This is due to the ambiguity that surrounds AI. What is it? What is it not? Will it take over my job? Will it become smarter than us? To answer all those questions, we’ve put together the best TED talks on AI from experts, researchers, philosophers, and believers in a better technology.
The most important AI terms
And though most of us can be in denial, sophisticated algorithms already dominate our everyday lives more than we can imagine. Right from how the traffic lights are moderated to your social media feeds, everything is run on intelligent and smart algorithms that we otherwise call artificial intelligence. This extends to all industries and functions including the financial trading industry.
Banks and financial institutions lose money every year due to fraudulent activities.
AI is changing the way in which the financial industry operates. Asset management forms one of the key pillars of the financial industry, and it is no stranger to the disruptive technology that is AI. The ability of artificial intelligence to crunch large chunks of data in no time is what makes it easy for asset managers to make right decisions swiftly. It also allows asset management organizations to look beyond traditional analysis and apply a more sophisticated approach to data-heavy tasks.
An [increase in customer retention](http://www2.bain.com/Images/BB_Prescription_cutting_costs.pdf) of just 5% can create at least a 25% increase in profit. Returning customers will likely spend [67% more](http://www2.bain.com/Images/Value_online_customer_loyalty_you_capture.pdf) on your company's products and services.