%100 original translation content

In a report today, Deloitte touched on data on the use of artificial intelligence by institutions and shared important information. According to a report shared by Deloitte, 19 percent of financial institutions use artificial intelligence technologies to reduce costs and error rates.

Deloitte's 11th global risk management survey covers the period between March and July 2018, with the participation of 94 institutions from all over the world. Deloitte risk and financial advisor Edward Hida said that financial institutions are now facing the challenges of a more complex and uncertain risk environment.

According to information shared through the report, 29 percent of the surveyed institutions are currently using robotic process automations that automate monotonous and recurring tasks traditionally performed by workers. 25 percent of enterprises using robotic process automation use robotic process automation to manage risk data, 21 percent create risk reports, and finally 20 percent manage regulatory reports.

According to the report, the two leading areas for banks are big data analytical issues. According to the report, approximately 19 percent to 25 percent of institutions use machine learning technologies to reduce costs and reduce margins. Approximately 24 percent of the institutions use modeling tools to improve their business decisions.

He said that these tools could reduce costs by automating manual tasks such as developing risk reports or reviewing transactions, and also said they could automatically scan for a wide variety of data on internal and external environments to identify and respond to new risks, emerging threats.

Source: poxox tech

No comments:

Post a Comment

Bottom Ad [Post Page]