ASTANA – Around 31 percent of financial market participants are using artificial intelligence (AI) in their operations, with the highest usage rate of 60 percent observed in second-tier banks, the National Bank of Kazakhstan said in a report on April 23.
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The report is based on a survey of 94 financial market participants, including second-tier banks, microfinance organizations, insurance companies, securities market participants and residents of the Astana International Financial Centre, to assess whether Kazakhstan's financial market is ready to harness the potential of AI technologies.
About 45% of respondents indicated they intend to integrate AI into their operations this year.
The development of AI in 2024 will be directly related to the current level of technology adoption, which may suggest that initial investments and experiences with AI adoption will increase organizations' intention to continue investing in the technology.
Kazakhstan I input it The country was ranked among the top three countries in the Central and South Asia region in the Global Innovation Index. Ranking The country ranks 34th out of 64 countries in the International Institute for Management Development's (IMD) 2023 World Digital Competitiveness Rankings, which measures the country's ability and readiness to adopt digital technologies.
