Applications of Machine Learning Techniques for Achieving Financial Sustainability

Abstract

In the contemporary business landscape, enterprises grapple with the pursuit of marginal profits, recognizing that the bedrock of their success lies in financial sustainability. Consequently, the mitigation or prevention of business financial risks (BFR) emerges as a pivotal factor in enhancing firms' profitability prospects. Various technological strategies are employed to address the challenges posed by financial risks, with machine learning (ML) standing out as a particularly pertinent and effective solution across diverse business sectors. In the current milieu, the significance and efficacy of ML are keenly acknowledged, with businesses leveraging this cutting-edge technology to tackle challenges associated with BFR.