IBM has a strong presence in the AI in Fintech market, because it caters to the maximum number of financial institutions that rely on IBM financial services. The company is a major player in the deep learning industry, making its vital presence in development and innovation as well. Additionally, the company is focused on including the NLP capability to a range of languages that include the Portuguese, Brazilian, Japanese, Arabic, and Spanish. Furthermore, IBM has developed a cognitive system as a part of its IBM Watson offering, which includes the capabilities of the self-learning technology. Additionally, the company is focused on expanding its AI-based software, where it would use the Google Machine Learning Framework. To expand its AI platform, IBM has included TensorFlow (a software library for machine learning) to IBM’s PowerAI distribution for machine learning and deep learning framework, built on architecture POWER 8. The addition of TensorFlow to PowerAI would offer clients another option for flexible as well as production-ready tools and support for creating machine learning products. It would also help conquer IBM’s position in the rapidly growing AI in Fintech market. The company offers these services through its distributors, consultants, managed service providers, OEMs, and value added resellers Furthermore, the company launched the project Intu to offer the Watson cognition system that can be embedded in various devices. Apart from that, IBM Watson has clients from various countries and industry sectors, such as retail, energy, government, healthcare, and finance. To grow in the AI in Fintech market, the company is also making investments in R&D in the analytics and cognitive fields.
Buyer, Finance, SME