14
Nov
The financial and banking industry can significantly enhance investment research by integrating generative AI into daily tasks like financial statement analysis. By taking advantage of advanced natural language processing (NLP) capabilities and data analysis techniques, you can streamline common tasks like these in the financial industry: Automating data extraction – The manual data extraction process to analyze financial statements can be time-consuming and prone to human errors. Generative AI models can automate finding and extracting financial data from documents like 10-Ks, balance sheets, and income statements. Foundation model (FMs) are trained to identify and extract relevant information like expenses, revenue,…