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Artifical intelligence and financial decision making

Ruchi

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Abstract

This study explores the transformative impact of Artificial Intelligence (AI) on financial decision-making. AI's capabilities in data analysis, predictive modeling, and automation enable financial institutions to make informed decisions, manage risk, and improve performance. The integration of AI in finance promises enhanced efficiency, accuracy, and personalization, revolutionizing traditional financial practices.Key aspects include:-Data-driven insights: AI analyzes vast datasets to identify patterns and trends.-Predictive analytics: AI forecasts market trends and potential risks.-Automation: AI streamlines tasks, improving efficiency and reducing errors.-Risk management: AI enhances risk identification and mitigation.-Personalization: AI provides tailored financial recommendations.By harnessing AI's potential, financial institutions can drive innovation and achieve better outcomes. Responsible AI development and deployment are crucial to ensure transparency, fairness, and accountability in financial decision-making

Copyright

Copyright © 2025 Ruchi. This is an open access article distributed under the Creative Commons Attribution License.

Paper Details
Paper ID: IJPREMS50500056126
ISSN: 2321-9653
Publisher: ijprems
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