Machine learning has had fruitful applications in finance well before the advent of mobile banking apps, proficient chatbots, or search engines. Given the high volume, accurate historical records, and quantitative nature of the finance world, few industries are better suited for artificial intelligence.
In January 2020, the center for alternative Finance (CCAF) of Cambridge University released the results of a study on the impact of artificial intelligence on the financial industry. The study is one of the most comprehensive global surveys in the industry.
In the decades since the concept of "artificial intelligence" was put forward, it did not affect people's life in such a fast and in-depth way as today. It did not put wings on it until the birth of massive data in various forms and dimensions and the improvement of computer computing power.