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Artificial Intelligence and Indian Banking sector

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What is Artificial Intelligence (AI) According to WIXEncyclopedia “ AI is a branch of computer science that develops machine systems capable of demonstrating behaviours linked to human intelligence. AI programs use data collected from different interactions to improve the way they mimic humans in order to perform tasks such as learning, planning, knowledge representation, perception and problem-solving ”   Thus, AI is the science of making a computer or a software think intelligently just like a human brain, towards learning how to solve a problem. In a way it helps personalise interaction between a human being and a machine. AI tools are based on three main cognitive skills of learning, replicating and reasoning. AI makes a machine, generally a computer, capable of thinking and responding like a human being. The tasks involving a set of algorithms become automatic through intelligent programming based on learning through experience. Artificial Intelligence (AI) has been stea...
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I earn my living as a professional Banker. In fact sometimes I wonder that I do not know anything except for Banking and if I have to make a living through some other means or trade or vocation, I'll probably die hungry. Not that I know everything about Banking. In my 34 years of experience in Banking industry, I have found that this is the most mis-understood subject. Persons or professionals, who may know Accountancy, try to pass off as Bankers. So that brings me to the real issue. Accountancy and Banking are entirely different. In our schools and colleges and professional courses, we teach accountancy but don't teach Banking. In life every activity, be it manufacturing or trade or services or profession or for that matter pure household work, gets converted into money at the end, and everybody has to deal with a Bank. So it is extremely important for everybody, whatever he or she is doing in life, to learn elements of Banking. Our education system does not take care of th...
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