From the course: Copilot in Excel: AI-Powered Financial Planning & Analysis
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The evolution of AI in financial applications
From the course: Copilot in Excel: AI-Powered Financial Planning & Analysis
The evolution of AI in financial applications
- [Instructor] Artificial intelligence is transforming the world, and so many people are still wondering what can it do, how can it help, how much can it be relied upon, and how to get started? In this course, we're going to answer those questions together. And for those who work in finance and with data, we'll get to see how it's bringing unprecedented efficiency and insight. But before we jump into the illustrations and exercises, I'd like to take just a few minutes to share with you how we got to where we are today. Some of the early applications of AI and finance began with signal detection and trend analysis. AI allowed financial institutions to conduct risk assessments. When I began my career in litigation dispute analysis and forensic accounting investigations, early software applications focused on data irregularity and fraud detection. In the years that followed, machine learning, commonly referred to as ML, became utilized for predictive modeling and algorithmic trading. AI…
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