The Corporate Attitude Regading the Impact of Artificial Intelligence in the Financial Sector
Author:
Mirela-Simina MIHAI
JEL:
G40, M40, M41, M15
DOI:
10.20869/AUDITF/2023/169/005
Keywords:
financial specialist, digitalization, automatization, Artificial Intelligence, key performance indicators,
Abstract:
The objective of this paper is to analyze if the financial sector is ready for implementation of Artificial Intelligence-based solutions through a qualitative study. The scope of this paper is to contribute to the spatiality literature by bringing in front of the reader a guide who comprises research of the most important elements of financial domain which will be impacted by the implementation of Artificial Intelligence-based solutions. The used research methodology is the qualitative analysis based on a structured interview, whose responses were analyzed using Grounded Theory. To the interview have answered 27 representatives of top Romanian companies, these representing only a beginning of future wider studies. After analyzing the answers, the author concluded that in the financial field solutions based on artificial intelligence can be implemented very easily because it involves a lot of repetitive tasks that can be easily carried out with the help of these solutions in a shorter time and with fewer errors. The number of jobs involving these repetitive activities will also be significantly reduced over the next ten years.
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Article(607KB)