This IDC Market Perspective provides an update on the financial applications market and the progress of artificial intelligence (AI) technology. The document provides a view of both the potential of AI in financial applications and the challenges hampering the adoption of AI within the financial applications market. We also provide some guidance based on IDC's assessment of the market, technology, and offerings.
"There is no area within financial applications that won't be significantly changed by artificial intelligence in the coming years. Therefore, it is important to understand that the technology is still in its early stages of development, and there are still some hurdles before AI reaches its full potential," said Kevin M. Permenter, senior research analyst, Enterprise Applications.