Innovative Technology, Expanding Data, and AI: Changing the Way We Lend
The business of lending money is changing – quickly. Modern technology, backed by expanding data and the soaring adoption of advanced analytics like AI/ML, is changing the way the industry determines who receives credit.
According to IDC, tech spending on AI systems is expected to increase to $27.7 billion in 2025 (from $11.7 billion in 2021).
Check out IDC’s recent Technology Spotlight, focused on the way technology advancements and new data sources, including alternative data, are pushing the boundaries of borrowing.
Tap the icon below to open the page turnerIDC Technology Spotlight