Module 1: Foundations: Demystifying AI for Finance
Section outline
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- Learning Objective: Understand what AI and automation are, why they matter for finance, and dispel common myths.
- Content:
- What AI Is (and What It Isn't): Moving beyond science fiction. AI as a pattern-recognition tool.
- Key Concepts Made Simple:
- Machine Learning (ML): Teaching computers to learn from data.
- Natural Language Processing (NLP): How computers understand text and speech (e.g., reading contracts, emails).
- Robotic Process Automation (RPA): The "digital clerk" for repetitive, rule-based tasks.
- The AI Spectrum in Finance: From simple task automation (Macros) to predictive analytics.
- Why Now? The convergence of data, computing power, and accessible tools.