A system employing artificial intelligence to automate the creation of financial forecasts and simulations. These systems utilize algorithms and data analysis techniques to project future financial performance based on historical data, market trends, and other relevant factors. For instance, a business might employ such a system to project its revenue for the next fiscal year based on past sales figures, marketing spend, and economic indicators.
The advent of these automated tools offers increased efficiency and accuracy in financial planning. They reduce the reliance on manual calculations and subjective assumptions, leading to more data-driven and potentially less biased projections. Historically, financial modeling was a time-consuming process requiring specialized expertise. The current trend toward automation allows a broader range of businesses and individuals to access sophisticated forecasting capabilities.