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It has now become a proven fact that AI and machine learning are here to stay. AI and machine learning are now becoming a major aspect of many businesses. A new area where AI can prove to be a boon relates to risk management and compliance.
There has been a changing scenario from the year 2017 to 2019 in terms of risk management. The change has been especially in terms of the implementation of AI in when we talk about risk management.
With such an increase in the implementation of AI, a lot of new applications might come up in the area of risk management. It is highly likely that with the use of AI and machine learning in risk management, the outcomes are said to be more fruitful.
Seeing the popularity of machine learning, it has now become a proven fact that it is likely that machine learning is said to spread across risk management businesses. AI is surely said to turn the tables upside down once it gets implemented.