Big Data meets artificial intelligence
BaFinBig data and artificial intelligence have triggered profound changes | Society and the business world are currently undergoing profound technological changes. Digital networking is increasingly prevalent and new technologies are helping tackle ever more complex tasks. This trend is driven in particular by the availability of large quantities of data – big data (BD) – and by the improved opportunities for using this data – artificial intelligence (AI)1. This report examines how these phenomena work together within the financial system and refers to them collectively as "BDAI". Applying BDAI mostly means using methods of machine learning, where algorithms give computers the ability to learn from existing data and then apply what they have learned to new data.
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