ISO-IEC-42001-LEAD-AUDITOR · Question #18
A financial institution needs to develop a system that can understand and process large volumes of unstructured text data from financial reports to extract key information and insights. Which AI…
The correct answer is A. Natural Language Processing (NLP). NLP is a field of AI concerned with the interaction between computers and human (natural) languages. It is used to analyze, extract, and interpret unstructured text, making it highly suitable for financial document analysis. ISO/IEC 42001:2023 - Clause 8.2.3 encourages the…
Question
A financial institution needs to develop a system that can understand and process large volumes of unstructured text data from financial reports to extract key information and insights. Which AI concept would be best suited for this task?
Options
- ANatural Language Processing (NLP)
- BComputer Vision
- CMachine Learning (ML)
- DDeep Learning (DL)
How the community answered
(46 responses)- A74% (34)
- B13% (6)
- C4% (2)
- D9% (4)
Explanation
NLP is a field of AI concerned with the interaction between computers and human (natural) languages. It is used to analyze, extract, and interpret unstructured text, making it highly suitable for financial document analysis. ISO/IEC 42001:2023 - Clause 8.2.3 encourages the selection of appropriate techniques for operational purposes, and NLP is the most relevant for text-heavy tasks.
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