Internship: Artificial Intelligence in Banking – master thesis assignment
By 2018, 50% of the fastest-growing companies will have fewer smart employees than instances of smart machines. 47% of jobs could be automated in the next 10 to 20 years. Robots, automation, and AI will replace 5 million human jobs by 2020. By 2030, 90% of jobs as we know them today will be replaced by Smart Machines. Robots are coming.. and faster than you think!
Write a master thesis, based on solid research into the concepts, application and value of Artificial Intelligence initiatives in the Dutch banking industry.
Across the world, Financial Services firms are waking up to the possibilities AI can bring to their business. Some banks, for instance, are actively using AI to reduce error rates, deliver personalized services to HNI customers and do real-time sentiment analysis. AI powered virtual assistants are also making waves.
The rise of digital first banks has changed customer expectations. The complex banking model is under threat, yet complexities in the system are ever increasing. AI can be the answer to stay competitive in this cutthroat environment. From using robots to greet customers, to providing voice banking or selfie-pay, to deploying robo-advisors, there is immense scope for AI to drive customer loyalty for banks. Large financial service organizations are already using AI to deliver personalized advise to its wealthy clients and several others have invested in AI technology to answer complex financial questions posed by customers.
Place in the organization
You will be part of the Financial Services practice. Accenture Financial Services serves three industry groups: banking, capital markets and insurance. Accenture Financial Services works with the world’s best banks, capital markets firms, and insurers to achieve high performance.