IBM's Watson supercomputer thrashed Ken Jennings and Brad Rutter last year in Jeopardy. Since then, Watson's been put to use at interpretation skills for health care organizations, but now, its going for gold. Its now working for Citigroup.
Watson will "help analyze customer needs and process financial, economic and client data to advance and personalize digital banking". It means Watson will be digging through millions of information. Citigroup is already teaching Watson about regulatory practices and Wall Sreet jargon.
Its analysis will be delivered as a cloud based service and its mainly going to be doing risk management. Risk management managers might be redundant in the future should Watson be able to do a better job than them.