Using AI for Predictive Analytics in Financial Management
Using AI for Predictive Analytics in Financial Management
M. Goel,P. K. Tomar,3 Authors,M. Alazzam
Abstract
The use of artificial intelligence (AI) in financial management for predictive analytics is a rapidly emerging topic. This research study investigates the numerous ways in which artificial intelligence (AI) might be utilized to enhance financial forecasting and decision-making. The article opens by addressing the benefits of utilizing AI for predictive analytics, such as the capacity to manage vast volumes of data, find patterns and trends, and produce high-accuracy forecasts. The study then delves into numerous particular uses of artificial intelligence in financial management, such as credit risk analysis, portfolio management, and fraud detection. Finally, the study discusses the problems and limits of employing AI for predictive analytics in financial management, as well as future research objectives in this field. Overall, this study article indicates how artificial intelligence (AI) has the potential to change financial management by delivering more accurate and efficient decision-making tools.
