This is also the best time to moderate the same within the purview of a robust policy framework that serves the dual objectives of technological advancement on the one hand and ethical compliance and social inclusion on the other. [...] Since the effectiveness of AI, machine learning, robotics and cognitive PwC automation increases in direct proportion to a rise in the quality and quantity of training data that the systems are exposed to, the conditions are ripe for India to emerge as a leader in AI. [...] Artificial intelligence refers to the ability of a computer or a computer-enabled robotic system to process information and produce outcomes in a manner similar Artificial Intelligence is the to the thought process of humans in science and engineering of making learning, decision making and solving problems. [...] The extent to which AI can assist and augment human productivity depends on the role division between humans and AI and the nature of their interactions. [...] Financial services Some of the major areas of application intent in financial systems, such as of AI in the banking and financial market manipulation, fraud, anomalous services sector include early detection trading and reduction in market of financial risk and systemic failures, volatility and trading costs.