3 powerful reasons to invest in AI today

It’s time for credit unions to unleash the opportunities presented by artificial intelligence.

While 2018 is quickly being dubbed “the year of AI,” by all indicators fintech’s latest phenomenon is just getting started.

According to IDC, global spending on cognitive and artificial intelligence systems will reach $19.1 billion in 2018, an increase of 54.2 percent over 2017 levels. By 2021, AI spending is expected to grow to $52.2 billion.

Gartner predicts that in 2021, “AI augmentation will generate $2.9 trillion in business value and recover 6.2 billion hours of worker productivity.” By 2022, one in five workers engaged in mostly non-routine tasks will rely on AI to do a job.

While these and other projections speak volumes about AI’s vast untapped potential, the question for credit unions remains: How can the technology unleash opportunities for us?

Here are three compelling reasons to invest in artificial intelligence and machine learning today.


continue reading »