February 2025
Intermediate to advanced
512 pages
13h 16m
English
book
Generative Artificial Intelligence in Finance
by Pethuru Raj Chelliah, Pushan Kumar Dutta, Abhishek Kumar, Ernesto D. R. Santibanez Gonzalez, Mohit Mittal, Sachin Kumar Gupta
Content preview from Generative Artificial Intelligence in Finance
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5The Far-Reaching Impacts of Emerging Technologies in Accounting and Finance
Sudhansu Sekhar Nanda
Sri Sri University, Cuttack, Odisha, India
Abstract
This study offers a thorough analysis of recent developments in accounting and finance technology. The fields of accounting and finance are undergoing radical change due to the introduction of cutting-edge software and hardware. This article will discuss the applications, benefits, and potential drawbacks of cutting-edge technologies including artificial intelligence, blockchain, robotic process automation, and data analytics, and their potential impact on the future. This study intends to help accountants, finance professionals, and businesses better grasp the opportunities and threats posed by these technologies so that they may better adapt to the evolving digital landscape. It is impossible to overstate the value that technology has brought to the accounting sector. It has revolutionized accounting by making it faster, more accurate, and easier to manage data. To maintain market share, provide better service to clients, and participate in strategic decision-making, accountants and financial professionals must use new technologies. Adapting to and thriving in the digital age is possible for accounting businesses that learn to harness the power of technology.
Keywords: Data analytics, robotic process automation (RPA), artificial intelligence (AI), and emerging technologies
5.1 Introduction
Technology’s contributions to the ...
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