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Application of Artificial Intelligence and Data Mining Techniques to Financial Markets

Author

Listed:
  • Katarína Hilovska

    (Faculty of Economics, Technical University of Košice)

  • Peter Koncz

    (Faculty of Electrical Engineering and Informatics, Technical University of Košice)

Abstract

The aim of artificial intelligence is to discover mechanisms of adaptation in a changing environment with utilisation of intelligence, for instance in the ability to exclude unlikely solutions. Artificial intelligence methods have extensive application in different fields such as medicine, games, transportation, or heavy industry. This paper deals with interdisciplinary issues – interconnection of artificial intelligence and finance. The paper briefly describes techniques of data mining, expert systems and agent based computation intelligence and specifies the types of tasks solved by these techniques in the context of financial tasks. It provides deeper insight into potential usage of intelligent systems on financial markets.

Suggested Citation

  • Katarína Hilovska & Peter Koncz, 2012. "Application of Artificial Intelligence and Data Mining Techniques to Financial Markets," ACTA VSFS, University of Finance and Administration, vol. 6(1), pages 62-76.
    • Handle: RePEc:prf:journl:v:6:y:2012:i:1:p:62-76
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    File URL: https://www.vsfs.cz/periodika/acta-2012-1-04.pdf
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