Boston, July 28, 2016 – For decades, financial firms have eagerly anticipated the onset of artificial intelligence. In the last five years, numerous related computing concepts and technologies have sequentially and rapidly advanced until financial services are on the precipice of their widespread application. Because those computational technologies taken together have eclipsed AI’s original promise, Aite Group is introducing a new term for them: “inorganic intelligence.” Can this holistic combination and permutation of multiple computational technologies inorganically solve human problems using methods derived from aspects of human intelligence at a beyond-human scale?
This report details the genesis of inorganic intelligence, outlines its technologies, and highlights multiple current and near-term applications in financial services. It is based on a series of 2016 Aite Group meetings and phone interviews with market participants, electronic platforms and markets, and vendors as well as an examination of financial services intelligent automation.
This 33-page Impact Note contains seven figures and two tables. Clients of Aite Group’s Institutional Securities & Investments, Wealth Management, Wholesale Banking & Payments, or Retail Banking & Payments services can download this report.