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Big Data/Artificial Intelligence
Big Data/Artificial Intelligence
Artificial Intelligence (AI) is a collection of technologies that combines large amounts of data (Big Data), algorithms and computing power.1
The enhanced gathering of data and progress in the computing power has led to the extended use of AI in all areas of life from customer support to digital personal assistants. The impact on the financial industry is equally significant and enables the easier identification of attempted fraud, investment patterns and much more.
Chances
The chances resulting from the use of AI are at hand. It enables more efficiently structured working procedures and contributes to a faster and more individualised service for customers. Currently, DBG is using AI to support services especially in the area of post trading and the development of new products in the area of market data.
Regulatory initiatives
The field of AI is dynamically developing and so are the relating regulatory initiatives and projects. For example, the European Commission published a white paper on Artificial Intelligence. DBG is following the developments closely and remains actively engaged in the process.
1 European Commission, 2020. „On Artificial Intelligence- A European approach to excellence and trust”; can be accessed here.