Credit reference agency Experian hold around 3.6 petabytes of data from people all over the world. This makes them an authority for banks and other financial institutions who want to know whether we represent a good investment, when we come to them asking for money.
Like all financial services, they are being rapidly changed by waves of technological innovation sweeping through industry – none more so than artificial intelligence and machine learning. Machine learning is essentially teaching computers to teach themselves – much the same way as humans can – by giving them access to huge amounts of data, rather than having to teach them to do everything ourselves.
Author: Bernard Marr