From the course: AI in Fintech Essential Training
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Risk of disruption
The reality of fintech is that right now it's not that big a deal. There's a lot of things that are changing, but they're incremental in the finance space. The reason people are so interested in areas of fintech like AI, block chain, robotics process automation and many other areas is not for what it's doing today but what it might do going forward. Firms like Ernst & Young have put out studies examining where they think this technology is going in the future. So this graphic comes from an E&Y analysis. And what we see here is just E&Y's version of what they think the future will look like. So they're showing that when this study was published they see in the short term, tools like artificial intelligence, smart contracts essentially a part of block chain and other tools like that having minimal impact. Something like cloud technology's a much bigger deal right now than AI. But, over the next three to five years and it…
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