Blue Bits and Bytes Blog

  The Rise of the Fintech Industry: A Revolution in the Making     Have you noticed the explosive growth of the global fintech industry? Revenue has skyrocketed from $10 billion in 2020 to $79.38 billion in 2023, with projections of reaching to $141.18 billion by 2028. What’s driving this surge?  Is it the surge in digital payments, the rise of cryptocurrencies, or the innovative banking solutions that are reshaping our financial landscape?   I was reading a newspaper article last week saying that more than 45% of real time global transactions are done in India that caught my attention. I asked Google Gemini that also confirmed this fact. In  2023 , there were  266 billion real-time payment transactions  globally—a staggering  42% increase  from the previous year. Did you know that    India accounts for almost half of these transactions, with its Unified Payments Interface (UPI) processing over  117 billion transactions —t...

  In this post, I would like to cover a high level overview of Artificial Intelligence that I found crucial to understand the field of AI and ML from a general perspective. Important Points to know about AI - 1.  Learning Input A to output B mappings is Supervised Learning. Can work with both structured and non-structured data. Key Applications - Spam/Not Spam Classification, Detecting Fraudulent Transactions, Speech Recognition in smart speakers like Alexa etc. (taking Audio as input and mapping to Text transcript as output), Language Translation, Online Advertising & Recommendation systems (adv and user info as inputs to click or not as Output), Visual Inspection / Image recognition, Self-driving car (images and sensor info as inputs to objects detected and their positions as output),  Text Analytics like Resume screening , Chatbots and Large Language Models (LLM’s) like ChatGPT etc. ( sequence of words as input to the Next word as Output) to generate new text ...