International Peer-Reviewed Journal•Open Access•ISSN 2456-8880
irejournals@gmail.com•+91-7433024337

Home / Current Issue / Paper 1713728

1713728 Vol 9 · Issue 7 Download Paper

AI-Driven Financial Forecasting and Decision Support Systems

Chidere Amaka Maureen

Subject area: Science,Engineering and Technology  ·  Area of research: Artificial Intelligence

DOI: 10.64388/IREV9I7-1713728

Abstract

This paper explored the paradigm shift of adopting Artificial Intelligence (AI), high-speed cloud systems, and Big Data analytics in financial decision support systems (DSS). The conventional statistical models were no longer effective in real-time prediction as the financial sector experienced growing data complexity and volatility in the markets. The study examined how dynamic, predictive, and prescriptive analytics replaced the traditional, historical data processing. In particular, the paper has looked at the effectiveness of Deep Learning architectures, such as Convolutional Neural Networks (CNNs) and Long Short-Term Memory (LSTM) networks, in processing time-series financial data. Moreover, the study also measured the importance of data warehousing and cloud migration strategies in facilitating real-time scalable stream processing. Findings revealed that although AI-based models were very effective in improving the accuracy of the forecast, especially in the fields of credit risk analysis and algorithmic trading, they also brought considerable difficulties in terms of algorithmic bias, model interpretability (Black Box problems), and data privacy. Hence, this paper proposed a detailed model of aligning AI functions with effective data management to maximize strategic decision-making within the current financial organizations.

Keywords

Artificial Intelligence; Financial Forecasting; Machine Learning; Decision Support Systems; Deep Learning; Predictive Analytics; Financial Technology.

References

[1] Adebowale, A. M., & Akinnagbe, O. B. (2021). Leveraging AI-driven data integration for predictive risk assessment in decentralized financial markets. International Journal of Engineering Technology Research & Management, 5(12), 295-305. https://doi.org/10.5281/zenodo.15867235

[2] Adewuyi, A., Oladuji, T. J., Ajuwon, A., & Onifade, O. (2021). A conceptual framework for predictive modeling in financial services: Applying AI to forecast market trends and business success. Iconic Research and Engineering Journals, 5(6), 426-438.

[3] Boppiniti, S. T. (2021). Real-time data analytics with AI: Leveraging stream processing for dynamic decision support. International Journal of Management Education for Sustainable Development, 4(4), 1-8.

[4] Chintala, S., & Thiyagarajan, V. (2023). AI-driven business intelligence: Unlocking the future of decision-making. ESP International Journal of Advancements in Computational Technology, 1(2), 73-84. https://doi.org/10.56472/2583-8628/IJACT-V1I2P108

[5] Kaluvakuri, V. P. K. (2022). AI-driven fleet financing: Transparent, flexible, and upfront pricing for smarter decisions. International Journal of Innovative Engineering and Management Research, 11(12), 2366-2377. https://doi.org/10.2139/ssrn.4927194

[6] Khambam, S. K. R., Kaluvakuri, V. P. K., & Peta, V. P. (2022). The cloud as a financial forecast: Leveraging AI for predictive analytics. International Journal of Research in Electronics and Computer Engineering, 6(8), 57-72. https://doi.org/10.2139/ssrn.4927232

[7] Kothandapani, H. P. (2022). Advanced artificial intelligence models for real-time monitoring and prediction of macroprudential risks in the housing finance sector. Journal of Artificial Intelligence Research, 2(1), 391-415. https://doi.org/10.6084/m9.figshare.28234409.v1

[8] Machireddy, J. R., Rachakatla, S. K., & Ravichandran, P. (2021). AI-driven business analytics for financial forecasting: Integrating data warehousing with predictive models. Journal of Machine Learning in Pharmaceutical Research, 1(2), 1-24.

[9] Pal, D. K. D., Chitta, S., Bonam, V. S. M., Katari, P., & Thota, S. (2023). AI-assisted project management: Enhancing decision-making and forecasting. Journal of Artificial Intelligence Research, 3(2), 146-171.

[10] Pillai, V. (2023). Integrating AI-driven techniques in big data analytics: Enhancing decision-making in financial markets. International Journal of Engineering and Computer Science, 12(7), 25774-25788. https://doi.org/10.18535/ijecs/v12i07.4745

[11] Rachakatla, S. K., Ravichandran, P., & Machireddy, J. R. (2023). AI-driven business analytics: Leveraging deep learning and big data for predictive insights. Journal of Deep Learning in Genomic Data Analysis, 3(2), 1-22.

[12] Selvarajan, G. P. (2021a). Harnessing AI-driven data mining for predictive insights: A framework for enhancing decision making in dynamic data environments. International Journal of Creative Research Thoughts, 9(2), 5476-5485.

[13] Selvarajan, G. P. (2021b). Leveraging AI-enhanced analytics for industry-specific optimization: A strategic approach to transforming data-driven decision-making. International Journal of Enhanced Research in Management & Computer Applications, 10(10), 78-84.

[14] Singh, H. (2020). Artificial intelligence for predictive analytics gaining actionable insights for better decision-making. International Journal of Research in Electronics and Computer Engineering, 8(1), 346-353.

[15] Vankayalapati, R. K., & Ganti, V. K. A. T. (2022). AI-driven decision support systems: The role of high-speed storage and cloud integration in business insights. Migration Letters, 19(S8), 1871-1886. https://migrationletters.com/index.php/ml/article/view/11596

How to cite this paper

Chidere Amaka Maureen "AI-Driven Financial Forecasting and Decision Support Systems" Iconic Research And Engineering Journals Volume 9 Issue 7 2026 Page 1642-1648 https://doi.org/10.64388/IREV9I7-1713728
Chidere Amaka Maureen "AI-Driven Financial Forecasting and Decision Support Systems" Iconic Research And Engineering Journals, vol. 9, no. 7, Jan. 2026, doi: https://doi.org/10.64388/IREV9I7-1713728
Chidere Amaka Maureen (2026). AI-Driven Financial Forecasting and Decision Support Systems. Iconic Research And Engineering Journals, 9(7). doi: https://doi.org/10.64388/IREV9I7-1713728
Chidere Amaka Maureen "AI-Driven Financial Forecasting and Decision Support Systems" Iconic Research And Engineering Journals, vol. 9, no. 7, Jan. 2026. Crossref, https://doi.org/10.64388/IREV9I7-1713728
@article{1713728,
      author = {Chidere Amaka Maureen},
      title = {AI-Driven Financial Forecasting and Decision Support Systems},
      journal = {Iconic Research And Engineering Journals},
      year = {2026},
      volume = {9},
      number = {7},
      pages = {1642-1648},
      issn = {2456-8880},
      url = {https://www.irejournals.com/formatedpaper/1713728.pdf},
      abstract = {This paper explored the paradigm shift of adopting Artificial Intelligence (AI), high-speed cloud systems, and Big Data analytics in financial decision support systems (DSS). The conventional statistical models were no longer effective in real-time prediction as the financial sector experienced growing data complexity and volatility in the markets. The study examined how dynamic, predictive, and prescriptive analytics replaced the traditional, historical data processing. In particular, the paper has looked at the effectiveness of Deep Learning architectures, such as Convolutional Neural Networks (CNNs) and Long Short-Term Memory (LSTM) networks, in processing time-series financial data. Moreover, the study also measured the importance of data warehousing and cloud migration strategies in facilitating real-time scalable stream processing. Findings revealed that although AI-based models were very effective in improving the accuracy of the forecast, especially in the fields of credit risk analysis and algorithmic trading, they also brought considerable difficulties in terms of algorithmic bias, model interpretability (Black Box problems), and data privacy. Hence, this paper proposed a detailed model of aligning AI functions with effective data management to maximize strategic decision-making within the current financial organizations.},
      keywords = {Artificial Intelligence; Financial Forecasting; Machine Learning; Decision Support Systems; Deep Learning; Predictive Analytics; Financial Technology.},
      month = {January},
      doi = {https://doi.org/10.64388/IREV9I7-1713728}
  }