Business Reporter: Banks to gain a competitive advantage with the AI-driven business monitoring technology increasingly leveraged in fintech
LONDON, May 5, 2021 /PRNewswire/ In
Business Reporter, David Drai, a founder of AI analytics startup Anodot, explains how machine learning (ML) is transforming the way financial service companies monitor their business and how this technology is poised to change the banking industry.
Teams tasked with monitoring data typically rely on dashboards and static thresholds - manually set for each KPI - to identify anomalies across the business. While this may work well enough for hardware-related KPIs, static thresholds prove far too fixed to accommodate the dynamic behavioral patterns of business metrics. An unusual slowing of a rise in revenue may not trigger an alert because it falls within fixed thresholds.