Machine Learning in Finance-Emerging Trends and Challenges
arXiv:2110.11999
Abstract
The paradigm of machine learning and artificial intelligence has pervaded our everyday life in such a way that it is no longer an area for esoteric academics and scientists putting their effort to solve a challenging research problem. The evolution is quite natural rather than accidental. With the exponential growth in processing speed and with the emergence of smarter algorithms for solving complex and challenging problems, organizations have found it possible to harness a humongous volume of data in realizing solutions that have far-reaching business values. This introductory chapter highlights some of the challenges and barriers that organizations in the financial services sector at the present encounter in adopting machine learning and artificial intelligence-based models and applications in their day-to-day operations.
arXiv commentThe chapter is 12 pages long and will appear as the introductory chapter in the book titled "Machine Learning: Algorithms, Models, and Applications" edited by Jaydip Sen, published by IntechOpen Publishers, London, UK in November 2021. It will be published in open-access mode
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