Exploring the Frontiers of Artificial Intelligence in Finance: Applications, Challenges and Future Prospects

DOI

10.2991/978-94-6463-540-9_24How to use a DOI?

Keywords

Artificial Intelligence; Machine Learning; Financial Trading

Abstract

This paper explores the integration of artificial intelligence technologies in finance, specifically through machine learning and deep learning approaches, across three critical areas: stock price prediction, credit score prediction, and customer churn prediction. It details the methods and workflows associated with these approaches and assesses their effectiveness in improving predictive accuracy and operational efficiency in financial services. The study addresses the challenges of data dependency and model interpretability and discusses the optimization of algorithms to enhance performance. It also highlights future advancements, focusing on the development of hybrid models that combine machine learning, deep learning, and traditional statistical methods. These models aim to enhance the robustness and interpretability of financial applications. Overall, the research not only demonstrates the current capabilities of artificial intelligence in transforming financial analytics but also provides a vision for future innovations that could further revolutionize this sector. This study charts a course for ongoing research that seeks to leverage these advanced computational techniques to improve decision-making processes in finance.

Copyright

© 2024 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Xinwu Cao
PY  - 2024
DA  - 2024/10/16
TI  - Exploring the Frontiers of Artificial Intelligence in Finance: Applications, Challenges and Future Prospects
BT  - Proceedings of the 2024 2nd International Conference on Image, Algorithms and Artificial Intelligence (ICIAAI 2024)
PB  - Atlantis Press
SP  - 216
EP  - 223
SN  - 2352-538X
UR  - https://doi.org/10.2991/978-94-6463-540-9_24
DO  - 10.2991/978-94-6463-540-9_24
ID  - Cao2024
ER  -