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Artificial intelligence: Financial management under pressure of transformative technology

Year: 2024

Type: article

Abstract: Artificial intelligence: Financial management under pressure of transformative technologyArtificial intelligence (AI) is a highly transformative technology, and its implementation in corporate financial management could fundamentally alter conventional paradigms.The implementation of AI to enhance the financial efficiency of enterprises is not merely a matter of technological advancement, but also of the strategic adaptation of organisations to the emerging challenges of the global economy (Perifanis & Kitsois, 2023;Dabija & Vătămănescu, 2023).The present advancements in this domain underscore numerous applications of AI, encompassing financial forecasting, administrative task automation, decision-making optimisation, and risk management.Simultaneously, the implementation of AI engenders novel enquiries concerning technological intricacy, data integrity, ethics, and regulation (David et al., 2024;Seniutis et al., 2024).These elements are

Source: Equilibrium Quarterly Journal of Economics and Economic Policy

DOI: 10.24136/eq.3394

Authors: Adam P. Balcerzak, Katarina Valaskova

Institutions: Brno University of Technology, University of Žilina

Language: English

Topic: Artificial Intelligence Applications

Subfield: Artificial Intelligence

Field: Computer Science

Domain: Physical Sciences

Open Access status: gold

Estimated APC paid: $215

Funders: Agentúra na Podporu Výskumu a Vývoja, Vedecká Grantová Agentúra MŠVVaŠ SR a SAV