Machine-learning algorithms use statistics to find patterns in massive* amounts of data. And data, here, encompasses a lot of things—numbers, words, images, clicks, what have you.

The tool utilizes machine learning to empower Front Office Solutions clients with better oversight of investment manager research. Northern Trust Launches Machine Learning Module ... process. Each ...

To clear things up, I drew you this flowchart on the back of an envelope so you can work out whether something is using AI or not. This originally appeared in our AI newsletter The Algorithm.