| Issue |
ITM Web Conf.
Volume 68, 2024
2024 First International Conference on Artificial Intelligence: An Emerging Technology in Management (ICAETM 2024)
|
|
|---|---|---|
| Article Number | 01033 | |
| Number of page(s) | 6 | |
| Section | Engineering Technology & Management | |
| DOI | https://doi.org/10.1051/itmconf/20246801033 | |
| Published online | 12 December 2024 | |
Revolutionizing Financial management: Unleashing the power of AI for Sustainable Growth
1 DKTES’s Department of Management Studies, Ichalkaranji, 4164115. Maharashtra. India.
2 DKTES’s Department of Management Studies, Ichalkaranji, 416115, Maharashtra. India.
3 KLS, Institute of Management Education and Research, Belagavi, 590019, Karnataka. India.
* Corresponding author: aratibhokare81@gmail.com
By cultivating more sustainable, effective, and efficient corporate practices, artificial intelligence (AI) reinvents financial management. Contemporary finance includes AI as an existential component. The cornerstone technology of the industrial revolution and technological revolution is artificial intelligence. The rise of artificial intelligence (AI) is reshaping financial management by transforming how firms make choices, allocate resources and control risk. As companies face increasing pressure to integrate sustainability into their operations artificial intelligence (AI) has emerged as a key tool for resolving complex environmental concerns and improving financial performance. AI-powered analytics can help businesses detect and assess ecological issues, optimize resource allocation, and speed up financial processes like forecasting, auditing, and budgeting. This strengthens decision-making and increases operational efficiency by providing real-time insights on ESG (Environmental, Social, and Governance) factors. AI also helps businesses, investors, and creditors. This research paper explores the literature on the transformative Power of AI in financial management, examining its role, applications, benefits, and challenges. It investigates AI’s impact on financial forecasting, portfolio optimization, risk management and compliance.
© The Authors, published by EDP Sciences, 2024
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
Current usage metrics show cumulative count of Article Views (full-text article views including HTML views, PDF and ePub downloads, according to the available data) and Abstracts Views on Vision4Press platform.
Data correspond to usage on the plateform after 2015. The current usage metrics is available 48-96 hours after online publication and is updated daily on week days.
Initial download of the metrics may take a while.