Global Artificial Intelligence Courses in BFSI Sector 2017-2021
About Artificial Intelligence Courses
AI is defined as a computer technology that performs tasks, which previously required human intelligence and manual support. At present, working professionals are availing AI certifications for advances in their career and to effectively contribute to business trends. By learning and developing AI skills, they can take a strategic and thoughtful approach to their career development. On doing so they get to understand AI concepts, and can easily identify and eliminate errors with the use of algorithms and processes.
Technavio’s analysts forecast the global artificial intelligence courses in BFSI sector to grow at a CAGR of 37.78% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global artificial intelligence courses in BFSI sector for 2017-2021. To calculate the market size, the report considers the revenue generated from the AI certification courses segment in prominent geographies, which include North America, Europe, APAC, and ROW.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Artificial Intelligence Courses In BFSI Sector 2017-2021
Technavio recognizes the following companies as the key players in the global artificial intelligence courses in BFSI sector: Hong Kong Securities and Investment Institute, EDUCBA, IBM, and futuretext
Other Prominent Vendors in the market are: Ivy Data Science, CFTE, Infosys, and Byte Academy.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Emerging cybersecurity professional training. Considering the dynamic growth and complexity of fintech financial ecosystem in the BFSI sector, it is inevitable to ensure the security of financial solutions against cyber attacks. Vulnerabilities will be identified to be exploited and to gain unauthorized access to user accounts. Considering risks, fintech firms are increasingly focusing on having automated cyber security solutions for the banking and investment sectors.”
According to the report, one of the major drivers for this market is Increasing use of AI technology for cost reduction and quality research. Among BFSI corporations, leveraging on the financial data generated and using AI, to attain efficiency in operations and conduct effective research at minimal cost, have become prevalent. Machine learning with AI is expected to become an important aspect in investment banking and asset management segments. Therefore, there will be a significant demand for financial quantamental analysts for effective operations with AI.
Further, the report states that one of the major factors hindering the growth of this market is Challenges related to patenting and protecting data. Extracting data and business algorithms for use in AI has been a prominent concern for fintech and AI training organizations. Data encapsulation by fintech firms in the BFSI sector prevents data from being available for open use. Data are protected by fintech firms as their intellectual property for the AI model development.
Hong Kong Securities and Investment Institute, EDUCBA, IBM, futuretext, Ivy Data Science, CFTE, Infosys, Byte Academy