Revolutionizing Financial Management Through Artificial Intelligence
DOI:
https://doi.org/10.59415/mjacs.384Keywords:
Generative AI, Quantum Algorithm, Critical Path Method, Programme Evaluation and Review Technique, Deep LearningAbstract
In the monetary economy, banks and financial institutions were established for money creation. Both organised and unorganized sector have a mushroom growth of development in capital and money market. Apart from banks and financial institutions, stock markets were established in Metro-Politian cities. In the developing economy like India, shortage of finance is the major problem for the budding entrepreneurs. Traditionally, the work of finance managers are limited to maintain the accounts of the business only. Now, the function of finance manager is to acquire finance and utilization of finance. In the modern economy, Artificial Intelligence is a boon to finance managers to find out the new sources of finance and investment of finance in proper avenues. The objectives of the study are to know about the benefits of AI in financial management, to study the methods through which AI is used by financial institutions, to identify the stakeholders of AI in finance and to predict the future trends of AI in finance.
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