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Artificial Intelligence in Finance: Overcoming Hurdles, Mastering Techniques, Seizing Opportunities

GLOBALFriday, November 8, 2024
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Artificial Intelligence (AI) has been making waves in the finance industry for quite some time now. From traditional methods to the latest in AI and data science, finance has seen it all. But with great potential comes challenges. This review serves as a detailed guide, charting the difficult terrain, various techniques, and promising opportunities that AI has brought to finance over the years. First, let's zoom in on the vast landscapes and hurdles that financial businesses face daily. We'll look at how data plays a crucial role in shaping these challenges. Then, we’ll dive into a complete breakdown of AI research in finance, spanning decades. Understanding how analytics and learning drive financial businesses and data is key, so we’ll explore that too. Next, we’ll compare and critique classic and modern AI techniques. How do they stack up against each other in solving financial problems? We’ll discuss that. Lastly, we’ll ponder the open issues and opportunities that lie ahead, envisioning a future where AI and finance work hand in hand.

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