The Future of Finance and How AI is Transforming the Industry

Author(s)	Suprateek Ashutosh Nayak, Rachit Agarwal, K.K. Mishra
Country	India
Abstract	Artificial Intelligence or AI is usually known as “machine intelligence” because it is used to simulate human brain in machines. It is a brainpower adopted by machines in contrast with natural language processing from humans. AI has evolved rapidly from Google Assistant to self-driving vehicles. There are basically two important concepts of AI – (1) It studies human mind like their thought process and (2) It represents such processes using machine learning (ML). Hence, this study is aimed to examine the impact of AI on finance industry in this day and age, along with the way it is transforming the finance sector and strategies for organizations to use AI to boost profitability.
Keywords	Artificial Intelligence, machine learning, finance industry, finance sector, machine intelligence
Field	Sociology > Banking / Finance
Published In	Volume 5, Issue 2, March-April 2023
Published On	2023-03-27
Cite This	The Future of Finance and How AI is Transforming the Industry - Suprateek Ashutosh Nayak, Rachit Agarwal, K.K. Mishra - IJFMR Volume 5, Issue 2, March-April 2023. DOI 10.36948/ijfmr.2023.v05i02.2006
DOI	https://doi.org/10.36948/ijfmr.2023.v05i02.2006
Short DOI	https://doi.org/gr2kmv

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