By Aditya Agarwal
Ever imagined that one day a social networking website like Facebook will automatically start describing the content of photos especially to the blind and visually impaired users? Also, wondered how Google predicts what you are looking for the moment you type ‘Goa’ and starts showing results in the form of air tickets and destinations in Goa to visit? Or how Apple can analyse your facial expressions and read your emotions besides recognising your speech? These phenomena are nothing but virtually advanced solutions that global tech giants are investing in using Artificial Intelligence and machine learning techniques to make our lives better. The story doesn’t end here. These major driving forces of the new generation of the web have the potential to disrupt a lot beyond the offerings by these corporate giants.
The integration of high-speed internet network with financial services has already enabled the transition of the banking industry from paper and branch banks to digitised and networked banking services. It has changed the internal accounting and management systems of banks and is now