Employing Artificial Intelligence to Enhance the Accuracy of Financial Forecasts

Abstract

This article explores the utilization of Artificial Intelligence (AI) to enhance the accuracy of financial forecasts. Amidst the rapid development of AI technologies and their wide-ranging applications across various fields, this study focuses on the impact of these technologies on improving financial analyses and forecasts. Through a review of existing literature and specific case studies, this article provides a comprehensive view of AI's role in enhancing financial decision-making processes. Furthermore, it discusses the challenges and opportunities arising from integrating AI into financial systems, emphasizing the importance of transparency, ethics, and data protection in using AI for financial forecasting. This research aids organizations and financial decision-makers in effectively leveraging new technologies to improve the accuracy of their predictions.