FRAUD DETECTION: ARTIFICIAL INTELLIGENCE IN BANKING

Zencode was founded in 2013 as an IT outsourcing company.

We set up our first Delivery Centre at Chennai, India in 2014.

We outgrew the garage to a full fledged office within 2 years.Along the way, we also expanded our market footprint to Hong Kong and setup our AI & Blockchain practice at Bangalore, India.Today, we can help you build your IT platforms from start to finish.

From design to coding to implementation and support .

Zen is a business application that will revolutionise the way a company does things; A marketplace that brings various people together; A custom business application for your business; A mobile application that uses crowdsourcing to bring convenience to customers; or a myriad of potential new industries, ask Zencode to help you with the implementation.Email Address Sales : sales@zencode.guru HR : hrindia@zencode.guruContact us: BANGALORE III & IV Floors, NCR Complex 580/B, Sector 6, HSR layout, Bengalore-560102

Deep learning is a canopy of machine learning where computer algorithms are examined that learn and improve on their own to deliver efficient performance.

When it comes to achieving incredible accuracy and more than manual performance, Alta Futuris does the job better than others by performing tasks directly from text, sound, or images.

And consequently, a deep learning model becomes able to perform thousands of routine, monotonous tasks within a shorter period.

With a deep learning approach, there’s no need for well-labeled data as the algorithms get trained at learning without any specific guidelines.

In addition to this, deep learning can help to find out subjective defects that are then hard to train like minor product labeling errors.

GTS is on the move to providing the best pictureData collection and classification dataset which can makeEvery computer vision project a huge success.

The best image datacollection services to developing high-performing AI and MachineLearning versions.

Artificial Intelligence is also known as machine intelligence, where machines mimic the intelligence of the human mind and actions.

The primary purpose of artificial intelligence is to make rational decisions according to the circumstances.

The correct implementation of AI can carry more complex tasks with less time.

Artificial intelligence has received an upward trend of growth, leading to the development of human society and multiple industries, and artificial intelligence will continue to grow in promising ways for consumers and various businesses.As 2020 has not been a great year so far because of COVID-19, artificial intelligence has played a massive role in combating the pandemic induced situations.

Every ounce of technological advances and innovations helped us to fight the pandemic.Every organization is finding new ways to operate effectively and to serve their customers as social distancing measures remain in place.

These chatbots have provided the answer to almost every possible question, from evaluation to exercise without putting the human resource at risk.Machine learning and artificial intelligence have helped researchers to analyze a large volume of data to take preventive measures.

The most advanced technology/concept of this era might be Artificial Intelligence but everyone wonder how it works.

Artificial Intelligence is like introducing a brain to the machine which can be used while the system need to make some decision or process data.

How to introduce this brain to the machine?

How efficient the machine will make use of this brain?

Let’s look at the answers for this question?

With the great leap of technology, people are used to get and provide services instantly.

Business today, get adapted to the digital flow and has enhanced their tone.Technology like Artificial intelligence, Internet Of Things, Augmented Reality, Virtual Reality, Blockchain technology are rule today and gonna rule tomorrow.Among others Artificial Intelligence plays a predominant role in the development of all sectors.

?Ina simple layman terms, artificial intelligence is an ability of machines to think, act and learn as humans do.

To make it possible the computer has to learn how to react to different situations, this done with given detailed set of instructions and then lots of data to work with it.AI has widespread and has shown achievements in the field of finance, education, military, healthcare and other sectors.AI!

Is It Possible?Yes, AI is possible in today’s world with machine learning.

Machine learning is nothing but a scientific study of algorithms and statistical models that rely only on pattern and interference instead of indulging into complex vode that tells machines to perform a specific task.

There are several ways organizations deal with the contracting process.

Few manage it with word-based drafting and redlining coupled with storing in repositories like Drop Box or SharePoint and some deploy automated contract management systems for this process that also include collaboration.https://blogs.docskiff.ai/top-5-ingredients-of-ai-based-contract-analytics-platforms/

Machine Learning Training  is predicted as the way forward for information expertise and we goal to carry this fascinating training in Bangalore by way of our training institute.

Machine Learning Training in Bangalore could be very completely different, and is the kind of adaptable intellect present in humans, a flexible type of intelligence capable of learning the best way to perform vastly different duties, something from haircutting to building spreadsheets, or to reason about a wide variety of subjects based mostly on its gathered experience.

A mannequin is nothing but a program that improves its information through a learning course of by making observations about its surroundings.

The demonstration of using Python and iPython provide an outline how the appliance works internally.Eire is emerging as an important world leader in Artificial Intelligence and in 2017 under the title of AI Island IDA Eire outlined its visions for Irish research and Ireland-based mostly firms to set the standard in AI.

Firms which have an AI presence established in Eire embrace: Siemens, Zalando, SAP, HubSpot, Deutsche Bank, Amazon Internet Services, Salesforce, Ericsson, Intel, Dell EMC, Microsoft, Fujitsu, Mastercard, Within the next 4 to 5 years, one in 5 employees engaged in principally non-routine duties will need to upskill to tackle new roles that rely on AI to do a job.

Within the backdrop of such demand, the proposed Graduate Certificates in Artificial Intelligence course is designed to deal with a few of the skills shortages.Synthetic intelligence uses a progressive studying algorithm to let the data do the programming.

In 2020, when the world was devasted by the deadliest pandemic of all the centuries, we saw a rise in the adoption rate of digital banking services.

As per the Mckinsey report, a 20 to 50 per cent rise in adoption was recorded.

AI being an integral part of daily life, it becomes necessary to be AI-First to remain relevant to the changing market conditions.

To stay relevant, to stay unique, to compete and compel the ever-changing, tech-savvy customers, banks need to deploy the latest technologies at scale.

Conversational bankingIn conversational banking, banks leverage AI to engage with customers with chatbots and Robo advisors to recommend products that will be totally personalised.

To deepen the customer relationships, AI is deployed at scale in the front office and structure.

But NLP technology is now advancing at a breathtaking rate, opening up new possibilities for conversational AI.

AI will augment the work of human clinicians in hospitals in various ways.As one example, Gauss Surgical uses computer vision to monitor blood loss during childbirth.

The vision of precision medicine is more ambitious, the technical challenges more complex, and the potential impact greater than perhaps any other application discussed here.In a nutshell, the field of precision medicine aspires to create treatments that are individualized for each patient based on his or her particular genetic, environmental and behavioral context.Precision medicine is not a new concept, but the advent of “big data” (especially genetic data) and modern machine learning have brought its full realization within reach.

Several trillion gigabytes of health data will be generated this year, a figure that would have been unimaginable a few short years ago.The premise of precision medicine is that if a computational system knows your entire genome, your metabolic profile, your microbiome composition, what foods you eat, how often you exercise, how much you sleep, and a thousand other data points about you; and it also understands a disease’s particular pathway in your body down to the molecular level; then it can synthesize all this information and craft a pharmaceutical and/or behavioral regimen specifically tailored to optimize your body's response.No human could ever perform such herculean data crunching and latent pattern recognition.

The company is focused on cancer treatment, although it has recently devoted resources to the fight against COVID-19.Other well-funded companies in this category include Syapse and GNS Healthcare.Precision medicine has for decades stood as a tantalizing but unfulfilled possibility.

AI can play a key role here.Provider OperationsEvery time a patient interacts with a healthcare provider, dozens of support processes take place in the background: patient check-in, benefit and verification discovery, claims processing, invoicing, prescription orders, supply chain management, and more.

About 57% of executives believe that machine learning can be beneficial for marketing.From proffering the twenty-four-hour service on an online e-commerce website to inducing smart chatting bots on your professional business website, the new ways of media are targeting the potential customer in every way they can!

However, establishing one’s own market presence in the competitive world of entrepreneurs, mega business giants, brand firms and potential customer base isn’t that easy as it looks!

But here, we’ve come up with following seven exclusive ways for enhancing your market presence using artificial intelligence and machine learning.

It is the potential of AI that makes it more substantial and powerful for the coming market of morrow!

Data analytics involves a four-stage process that builds on itself and uses machine learning (ML) and AI in the final phases to predict outcomes and suggest options to respond to those predictions.

In this article, we shall focus on the 4 types of data analytics we encounter in data science: DescriptiveDiagnosticPredictivePrescriptive Descriptive Analytics:This is the most common of all forms.

In describing the past, descriptive analytics lays the groundwork for how these events may affect future outcomes.

Then queries, reports, and data visualizations can further yield deeper insight.

Diagnostic data analytics help answer why something occurred.

Prescriptive Analytics:The final phase, prescriptive analytics, attempts to find the best course of action, solution or outcome among various choices, building off descriptive analytics’ insight into what happened and predictive analytics’ forecast of what might happen.