Artificial Intelligence applied to Financial Analytics

Even before AI was such a cool term, financial firms were using data to extract insights and gain a competitive advantage in this industry. However, modern data science is changing the financial sector in many ways. From fraud detection to risk analysis to algorithmic trading, all of these use data science to infinitely improve their performance. Many financial firms improve their profitability and sustainability by training Machine Learning models using a large amount of data they obtain from their customers, markets, rivals, etc. This allows companies to predict many important parameters, such as their stock market movements, retention schemes, etc.