A Study on Artificial Intelligence with special focus on Finance Sector

Abstract

Artificial Intelligence is a new innovation in development of recent new technology, which includes machine learning (ML) and algorithm language.AI is popular in different fields such as healthcare, automobile, finance, robotics, gaming, entertainment, agriculture, social media, surveillance, e-commerce etc. The main aim of Artificial Intelligence is to develop an intelligent and autonomous system. In this paper study is fuscous on the applications of artificial intelligence in the field of finance sectors, which includes Insurance companies, Investment companies, banking etc. The study explains challenges as well as impacts with pros and cons in financial sectors. The study also focuses how Artificial Intelligence will make changes in financial industries in the future. Lastly some recommendations and conclusions are given based on the study.