The current technological revolution, known as Industry 4.0, is determined by the development of the following technologies of advanced information processing: Big Data database technologies, cloud computing, machine learning, Internet of Things, artificial intelligence, Business Intelligence and other advanced data mining technologies.
In connection with the above, I would like to ask you:
Which information technologies of the current technological revolution Industry 4.0 contribute the most to reducing the asymmetry of information between counterparties of financial transactions?
The above question concerns the asymmetry of information between such financial transaction partners, such as between borrowers and banks granting loans, and before granting a loan carrying out creditworthiness of a potential borrower and the bank's credit risk level associated with a specific credit transaction and, inter alia, financial institutions and clients of their financial services.
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