Fort Walton Beach bankruptcy attorneys discuss artificial intelligence in bankruptcy prediction

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Fort Walton Beach, Florida – When a business ends up having to file for bankruptcy, it can lead to significant financial losses, as well as damage to the economy. Debt Consolidation Lawyers Lewis and Jurnovoy are here to highlight some recent advances in scientists’ ability to actually predict bankruptcy.

Professor Yuri Zelenkov and student Nikita Volodarskiy from the Higher School of Economics (HSE) Graduate School of Business recently published their research article, “Bankruptcy Prediction on the Base of the Unbalanced Data Using Multi-Objective Selection of Classifiers”, published in the journal Expert Systems. with the application log. The article discusses a new method of predicting bankruptcies using “machine learning”, which the International Business Machines Corporation defines as “a branch of artificial intelligence (AI) and computer science, which focuses on the use of data and algorithms to mimic the way humans learn, gradually improving its accuracy.

The method, according to the National Research University HSE, was designed “using a set of historical data on successful and failing companies. AI is formed using a set of business performance indicators. He then searches for complex models in the development of companies and their current state. After being trained on a particular business, the method can be used to predict the future trajectory of a business with some degree of accuracy.

Lewis and Jurnovy are here to help the Florida Panhandle keep up to date with the latest bankruptcy news. Trusted lawyers have been providing bankruptcy assistance in and around Fort Walton Beach for over 20 years. Lewis and Jurnovoy also host Bankruptcy Hour every other Tuesday on Blab TV where they answer questions about bankruptcy during live programming. For bankruptcy help information or for a free debt consultation, call Lewis and Jurnovoy at (850) 863-9110 or visit them online anytime at www.LewisandJurnovoy.com.

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For more information on Lewis & Jurnovoy, PA-FWB, contact the company here:

Lewis & Jurnovoy, PA-FWB
Steven D. Jurnovoy and Martin S. Lewis
(850) 863-9110
bankitelawyers.fwb@gmail.com
151 South Mary Esther Coupé NW Ste 103, Mary Esther, FL 32569


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