The Corporate Attitude Regading the Impact of Artificial Intelligence in the Financial Sector Cover Image

Atitudinea corporativa privind impactul inteligentei artificiale in sectorul financiar
The Corporate Attitude Regading the Impact of Artificial Intelligence in the Financial Sector

Author(s): Mirela-Simina Mihai
Subject(s): Business Economy / Management, Methodology and research technology, Financial Markets, ICT Information and Communications Technologies
Published by: Camera Auditorilor Financiari din România
Keywords: financial specialist; digitalization; automatization; Artificial Intelligence; key performance indicators;

Summary/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.

  • Issue Year: 21/2023
  • Issue No: 1 (169)
  • Page Range: 168-179
  • Page Count: 12
  • Language: English