AI is changing how financial professionals analyse data, build models, and communicate insights. Here is what is worth adopting in 2024.
Financial Research and Analysis
Bloomberg Terminal with GPT - Bloomberg has integrated AI across its terminal. BloombergGPT, trained on financial text, powers intelligent search, document summarisation, and sentiment analysis on financial news.
AlphaSense - AI market intelligence platform that analyses earnings calls, SEC filings, and industry reports. The Smart Summaries feature condenses hours of reading into key insights.
Financial Modelling
Microsoft Copilot for Excel - Generate complex Excel formulas, create pivot tables, and build charts from natural language prompts. Transforms how non-technical finance professionals interact with spreadsheets.
ChatGPT Advanced Data Analysis - Upload CSV financial data and ask questions like "What is our customer acquisition cost trend over the last 12 months?" and get instant charts and analysis.
Forecasting
Runway Financial - AI financial planning platform that builds forecasts, models scenarios, and updates projections as actuals come in. Popular with startups and growth-stage companies.
Causal - No-code financial modelling tool with built-in AI for scenario planning. Integrates with QuickBooks, Xero, and Stripe for live financial data.
Risk Considerations
Financial AI tools are productivity multipliers, not autonomous analysts. All AI-generated financial analysis must be reviewed by qualified professionals before informing decisions.
