published: 27 May 2021

Artificial intelligence (AI) is a wide-ranging branch of computer science concerned with building smart machines capable of performing tasks that typically require human intelligence. AI is an interdisciplinary science with multiple approaches, but advancements in machine learning and deep learning create a paradigm shift in virtually every sector of the tech industry.

Machine Learning (ML) works by extracting meaningful insights from raw sets of data and provides accurate results. This information is then used to solve complex and data-rich problems critical to the banking & finance sector. Further, machine learning algorithms are equipped to learn from data, processes, and techniques to find different insights.

Artificial Intelligence, Machine Learning & Finance

published: 19 May 2021

Take a basket of products and look at how the price of that basket has changed over time. The effect is the CPI inflation rate, which is expected to reflect changes in the average citizen’s cost of living. It is not a perfect or even a decent metric, but it is the number of monetary authorities worldwide that use it as a guide. In most cases, inflation is positive. The cost of living is increasing year after year.

Another way to look at it is that the buying power of your cash savings is dwindling with each passing year. That’s probably how you want to think about it because it determines what kind of savings returns, you’ll need to maintain your lifestyle over time.