Depending on your interests and experience level, you might view AI as a borderline-magical solution with the potential to not only transform how business is done but also transform our lives in general, or as overrated and overhyped buzzword that gets bandied about with little understanding of what it actually involves. Either way, you’d have something of a point — the truth, as is often the case, lies in the middle.

Have you ever heard of neural networks? Do you think that it is merely a biological term used to denote some connections in the human brain? Today, neural networks are related not only to biology but also to computer science. They are defined as a sequence of neurons that are interconnected by synapses. These connections help machines process, analyze, and memorize different types of data. 

Since now artificial intelligence has been associated with sci-fi movies and robotics but the scenario has been changing and influence of artificial intelligence is increasing in our day to day life and is moving from complexes labs to common places. From hello Google to hi Alexa forms of artificial intelligence has been all around us for some time. Since 1956 when the concept of knowledge first came it has been a long time till now and societies are supporting and accepting the overall concept of artificial intelligence and letting shape up the business from finances, automobiles, marketing, etc. the realm of technological influences needs to be digested to meet real-time solutions.

Five years back, companies and customers were wary of an idea to give control to artificial intelligence and just enjoy the after glory. However, the time has changed now and companies are embracing the concept of AI in their business. They are no longer scared that AI will take over the world and if anything, companies want AI to take control of things. The main reason is that it is making things easy for companies to attract the crowd and establish a global image.

With the advancement in technology, we have witnessed a tremendous change in different sectors. This has come up as a huge evolving mode that is taking things on a new level. The financial sector is no exception to the use of technology with Automation, Big Data analytics, AI and ML . This comes handy when the overall development is worked up with the data and security. AI and ML have a tendency to keep it upstate and helps in following up major advancement benefits in terms of FinTech.