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Transforming Supply Chain Finance with AI and IoT for Greater Inclusivity, Efficiency, and Intelligence

Year: 2024

Type: article

Abstract: The integration of Artificial Intelligence (AI) and the Internet of Things (IoT) is revolutionizing supply chain finance by making it more inclusive, efficient, and intelligent. AI-driven algorithms automate critical financial processes such as credit analysis, risk management, and fraud detection, while IoT-enabled devices provide real-time visibility into inventory and asset tracking. These technologies streamline operations, enhance transparency, and enable dynamic, data-driven decision-making. Additionally, AI and IoT solutions democratize access to financing, particularly for small and medium enterprises (SMEs), by leveraging real-time data to assess creditworthiness. This paper explores how the fusion of AI and IoT is transforming supply chain finance, offering innovative strategies for improved efficiency, risk reduction, and financial inclusion.

Source: LatIA

DOI: 10.62486/latia2025121

Authors: Danish Anwar, Md Faizanuddin, Soofia Fatima, Rajeshwar Dayal

Institutions: Veer Kunwar Singh University, Patna University, International School of Management Patna

Language: English

Topic: Blockchain Technology Applications and Security

Subfield: Information Systems

Field: Computer Science

Domain: Physical Sciences

SDG: Industry, innovation and infrastructure

Open Access status: diamond

OpenAlex ID: W4403223195

FWCI: 1.548

Cites: 12

Cited by: 4

Related to: 10