From the course: The Future of AI for Finance and Accounting
Join today to access over 24,800 courses taught by industry experts.
Predictive analytics and forecasts
From the course: The Future of AI for Finance and Accounting
Predictive analytics and forecasts
- AI can bring a lot of value to finance and accounting. Near the top of the list are predictive analytics and forecast. Finance companies, institutional investors, and banks have been using statistical prediction software for decades. These were historically complicated and expensive to use effectively to generate returns, which is why only the biggest investment funds and traders had access to this kinds of technology for algorithmic or algo trading in the past. Now, various AI tools have made predictive analytics and forecasting more accessible for people in corporate finance and accounting functions for businesses of all sizes. There are countless programs, including Microsoft Power BI, Google Analytics with AI-powered insights, QuickBooks, Shopify with AI, IBM Watson Analytics, and many more. More accessible predictive analytics can help companies make calculations and predictions about goods and services they sell. Let's consider an example. Say you run one of those pop-up…
Download courses and learn on the go
Watch courses on your mobile device without an internet connection. Download courses using your iOS or Android LinkedIn Learning app.