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Using Machine Learning and Data Mining to Evaluate Modern Financial Management Techniques

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Proceedings of Second International Conference in Mechanical and Energy Technology

Part of the book series: Smart Innovation, Systems and Technologies ((SIST,volume 290))

Abstract

It is the question of determining patterns in big data sets that correlate to helpful data. It involves techniques that are at the confluence of machine learning, statistics, and legacy system, and it is also known as data mining. Machine learning is a branch of artificial intelligence that emerged from the areas of object recognition and artificial intelligence. It is concerned with the research and development of methods that can understand from assessment tools. The study shows financial institutions use of financial data performance and ensure precise management of consumer data in order to identify defaulters, to reduce the number of equipment failures associated, to process transactions quickly and efficiently, to reduce the number of incorrect judgments, to categorize potential customers, and to minimize the wastage of the financial organizations.

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Correspondence to Sudha Rajesh .

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Al Ayub Ahmed, A., Rajesh, S., Lohana, S., Ray, S., Maroor, J.P., Naved, M. (2023). Using Machine Learning and Data Mining to Evaluate Modern Financial Management Techniques. In: Yadav, S., Haleem, A., Arora, P.K., Kumar, H. (eds) Proceedings of Second International Conference in Mechanical and Energy Technology. Smart Innovation, Systems and Technologies, vol 290. Springer, Singapore. https://doi.org/10.1007/978-981-19-0108-9_26

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  • DOI: https://doi.org/10.1007/978-981-19-0108-9_26

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  • Publisher Name: Springer, Singapore

  • Print ISBN: 978-981-19-0107-2

  • Online ISBN: 978-981-19-0108-9

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