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The graphs below show Artificial intelligence (AI) and Machine learning (ML) mentions in company earnings calls, by industry. The graph shows Artificial intelligence mentions by industries other than IT. Big data and Cloud mentions are added to put AI / ML mentions in perspective. This analysis uses only companies publicly traded on the New York Stock Exchange. 
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From
qz
By next year, around 75% of financial firms will either explore or implement artificial intelligence technologies, according to a survey by Greenwich Associates. The research and consulting firm thinks some 15% of the industry’s jobs are at risk.
Farid Mheir's insight:
WHY IT MATTERS: social turmoil in the coming years. Trump has capitalized on coal workers fears of loosing their jobs. In 5 and 10 years, millions of workers in Finance, accounting, clerical jobs, but also truck drivers and warehouse workers will be out of a job - or fearing they will loose their jobs or seeing their salaries frozen or wages pressured in downward trends. They will be asked to retrain and maybe re-locate. Most won't and will expect their unions or their governments to do something against the business world and rich techies. We must - sadly - plan for social turmoil in the coming years.
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The robots are coming for Wall Street's jobs, and McKinsey & Co has an idea of exactly what jobs they are coming for.
Farid Mheir's insight:
WHY THIS IS IMPORTANT AI will impact the jobs market in all industries, including banking, Finance, legal, and accounting. As highlighted here, it may help focus humans on higher value activities but may - will? - also lead to job cuts. High paying job cuts. Watch out for possible human anger against the machines in the coming years.
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HighRadius' solution uses AI, machine learning, and optical character recognition to identify a payer, match them to an uncontextualized payment, and match that to an open receivable. Moreover, it gives companies the option of sending an automatic prompt to customers whose debts are outstanding. By leveraging this solution, BAML aims to reduce costs for its large business clients.
Farid Mheir's insight:
WHY THIS IS IMPORTANT AI is moving into back office operations in a big way, replace "traditional" human activities, reducing costs and improving performance. AI is being applied to receivables, credit scoring, customer service, compliance, trading and many other activities.
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The most anticipated slide deck of the year is here. Key takeaways:
Farid Mheir's insight:
WHY THIS IS IMPORTANT This is an annual bag of goodies. Highlight #1: retail stores are closing at record pace while Amazon opens stores. This is such a huge trend because it transforms stores from a mini-warehouse into something else: a destination for experience, service, and training. Think Apple store with the highest sales per square foot, genius bar, classes and a showroom. Amazon has pushed its Amazon GO, no lines, no registers concept and it is rolling it out slowly. This is just the beginning...
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Curated by Farid Mheir
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WHY IT MATTERS: digital technology is something that executives at the highest level must master. The AI report shows how often certain words are uttered in earnings calls of public corporations and it shows what is trendy: AI and machine learning. Big data and cloud are not. What does this mean: if you are not deploying actively big data and cloud solutions, you re behind. If you are not piloting AI or ML projects, then your investors will see you are behind the times and missing out.