From Machine Learning to Artificial Intelligence

The world is on a cusp of something great. Technology has advanced from solving simple issues to complex issues in both human life and other aspects such as social, economic, and environmental issues. The significance of machine intelligence as a tool to propel human as well as economic development is an important and hot topic today. This book is about how modern machine intelligence, AI, and machine learning applications can be used by governments and firms for financial and economic inclusion, as well as for providing solutions to bridge the digital divide. It aims to cover philosophical discussions, frameworks, and applications on central topics in machine intelligence, deep learning, mesh networks, frugal engineering, frugal innovation, blockchain technology, alternate networks, and intelligent digital financial inclusion system architectures. This book also aims to discuss the initiatives, policies, strategies, and governance issues related to furnishing technologies for technology access, financial inclusion and in turn economic growth.

Financial inclusion is defined as the proportion of people and corporations that use  financial services. It further describes the fair, equal, and attainable access to financial services (Rawat et al., 2023). Financial inclusion is key to economic inclusion and economic growth as it enables the poor to improve their lives. Chapters in the book will improve our understanding of the advances and challenges of applying machine intelligence for financial inclusion and economic growth in different contexts including financial markets, governments, and corporations in both developing and developed countries. Access to financial services is essential to development efforts of markets, economies and eventually societies. Hence, in this context, financial inclusion can be explained as the process of ensuring that individuals particular impoverished people have access to essential financial services in the formal financial sector. Financial inclusion, recently, has been receiving traction from scholars and policymakers whereby it is one of the major strategies used by economies and societies in achieving UN’s sustainable development goals. Rawat et al. (2023) argues that it is vital to increase the use of “low-cost digital methods” for the economically marginalized and under-served people and sectors.  There is a need for financial inclusion for the rapidly dynamic Industry 4.0. Therefore, linking technology, more particularly machine intelligence with financial inclusion and technology access is quite crucial given the current technological...read more...