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Opportunities and Challenges of Applying Artificial Intelligence in the Financial Sectors and Startups during the Coronavirus Outbreak

Author

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  • Milad Shahvaroughi Farahani
  • Amirhossein Esfahani

Abstract

Purpose: The main goal of this article is the comprehensive study of the applications of artificial intelligence in financial sectors in addition to startups and its impacts on such cases along with Covid19. Methodology: we have tried to study the applications of artificial intelligence in different areas especially financial fields such as accounting, auditing, management, capital market, banking etc. On the other hand, we have studied the impacts of artificial intelligence on startups during Covid-19 too. Findings: The results showed that AI can be a powerful tool in financial fields such as investment advice, asset allocation, fraud detection, portfolio management and etc. and startups such as increasing production and productivity, time management, data management and analysis and etc. during the Covid-19 outbreaks and it can decrease the harmful effects of Coronavirus. Thus, timely actions can be taken. Originality/Value: The main contribution of this paper is a comprehensive and specialized look at the discussion of the applications of artificial intelligence in the field of finance as well as startups during Covid19. We have tried to consider subjects and contents which cover most of the papers

Suggested Citation

  • Milad Shahvaroughi Farahani & Amirhossein Esfahani, 2022. "Opportunities and Challenges of Applying Artificial Intelligence in the Financial Sectors and Startups during the Coronavirus Outbreak," International Journal of Innovation in Management, Economics and Social Sciences, International Scientific Network (ISNet), vol. 2(4), pages 33-55.
    • Handle: RePEc:bao:ijimes:v:2:y:2022:i:4:p:33-55:id:68
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