Bombay Stock Exchange (BSE) recently launched AI-powered chatbot named ‘Ask Motabhai’ to provide customized, on-demand information to the visitors of the BSE’s official website.
Advanced technologies are spreading everywhere and no one is untouched by the benefits that implementation of technology provides in our day to day life.
Technologies like Artificial Intelligence (AI), Internet of Things (IoT) and Blockchain are significantly entering almost every industry, business type and even in our homes.
The most common use of AI can be found as automated chatbots in sectors like healthcare, banking, and retail. The recent industry to incorporate chatbot is the stock exchange.
For a long time, stock market investors have found it hefty to go through the vast amount of data about a company before deciding whether to invest in it or not.
This long and ardent process has just turned simpler and fun. Thanks to a chatbot!
Asia’s oldest stock exchange, the Bombay Stock Exchange (BSE) has launched ‘Ask Motabhai’, an AI-based chatbot to help investors find stock-related information on its website.
The Ask Motabhai chatbot, developed in partnership with Microsoft and Shephertz, is capable of having a text-based conversation with the users and provide them with the customized information by mining the BSE website.
In addition to information about stock prices and corporate announcements, the chatbot is well qualified to handle queries related to mutual funds, derivatives and initial public offerings (IPOs).
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In the words of MD & CEO of BSE Ashishkumar Chauhan, “BSE has always been at the forefront in the adoption of technology-based advancements, and launch of the chatbot marks yet another significant initiative in BSE’s endeavor to add to the seamless customer experience. With the chatbot in place, we would be able to serve our audience better and help them with quick information without having to go through any other channel.”
BSE, at present, on its official website offers real-time information on stock price, corporate announcements and results, and various other financial instruments of more than 5,000 listed companies on the exchange.
Also read: Your next doctor might be a robot
With the introduction of Chatbot in the Stock Exchange Market we can assume that technology is spreading everywhere, and soon it will take over the world by storm.
Technology has always aimed at making our lives easier. Walking in the same direction, many companies and tech giants are working towards making the world a better place with the use of advanced technologies like AI, IoT and Blockchain.
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