10/12/2023

Artificial Intelligence in the Payments Industry

AI can solve problems a human may not know exist

Artificial Intelligence (AI) has come a long way in recent years and is now being used in a variety of industries like healthcare, finance, manufacturing and more. Its rise in the workplace is expected to see an annual growth rate of 37.3 percent from 2023 to 2030, according to Forbes.

AI refers to the ability of machines to perform tasks that would typically require human intelligence, such as learning, problem-solving, and decision making. This can range from simple tasks like data entry to more complex processes like image recognition.

AI has the capability to solve problems that a human may not know exist and will make itself better without human intervention.

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