Financial statement analysis with machine learning.

Financial statement analysis is a key aspect of financial management, as it helps businesses and investors understand the financial health and performance of a company. There are various tools and techniques that can be used for financial statement analysis, including ratio analysis, trend analysis, and common-size analysis. Traditionally, financial statement analysis has been done manually, with analysts and investors manually calculating ratios and performing other analyses to gain insights into the financial health of a company. However, with the rise of machine learning, it has become possible to use algorithms to automate and improve financial statement analysis. The benefits of […]

Machine Learning in Finance

What is ML use cases in finance? Let’s see some promising ML applications in the field of finance. Process Automation It is one of the most common applications of ML in finance. The technology permits to automate repetitive tasks, replace manual work, and increase productivity. As a result, ML enables companies to improve customer experiences, optimize costs, and scale-up services. The following are automation use cases of ML in finance: Chat-bots Call-center automation Paperwork automation Gamification of employee training, and many more. Financial monitoring It is a security use case for ML in the department of finance. Data scientists train […]