From the course: The Future of AI for Finance and Accounting
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Calculations and formulas
From the course: The Future of AI for Finance and Accounting
Calculations and formulas
- As someone who works in finance, I've done a lot of the same calculations over and over, and if you're planning a long career in finance, you should also expect to see and perform the same calculations again and again. But AI can help you with calculations and formula. Let's look at how. AI is a valuable resource when it comes to complex, repetitive tasks that might involve data, math, and formulas. After all, a lot of AI is informed by data and statistics, so math and formulas are at the heart of how AI works. Let's look at a few examples of where AI could be most helpful. First up, there's automating calculations. This is so you don't need to manually input numbers into a formula over and over. Of course, there are many ways to handle this with formulas using software like Excel, SaaS, Stata, or MATLAB, but AI offerings can make this process even more automated. For example, if a company needs to calculate the return on investment or ROI for different projects, AI can handle these…
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