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Has the World of Finance Changed? A Review of the Influence of Artificial Intelligence on Financial Management Studies

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  • Shahsuzan Zakaria
  • Suhaily Maizan Abdul Manaf
  • Mohd Talmizie Amron
  • Mohd Taufik Mohd Suffian

Abstract

Artificial intelligence (AI) has had a tremendous impact on financial management research, revolutionizing how financial data is analyzed and decisions are made. It has the ability to improve accuracy and efficiency while also lowering costs and providing fresh insights into financial markets and investments. This review will look at some of the important areas of financial management research that AI has influenced. One of the most notable effects of AI on financial management research has been in risk management. AI algorithms, with their ability to analyze vast amounts of data, can detect patterns and anomalies that humans may not notice right away and have had a significant impact on financial forecasting and prediction, generating predictions about future market movements and investment opportunities by analyzing historical data, market trends, and other relevant factors. In conclusion, artificial intelligence (AI) has had a tremendous impact on financial management research, revolutionizing how financial data is analyzed and decisions are made, with significant potential to disrupt traditional financial management techniques. AI has the ability to increase accuracy and efficiency, cut costs, and provide fresh insights into financial markets and investments. As AI technology advances, its impact on financial management studies is likely to rise.

Suggested Citation

  • Shahsuzan Zakaria & Suhaily Maizan Abdul Manaf & Mohd Talmizie Amron & Mohd Taufik Mohd Suffian, 2023. "Has the World of Finance Changed? A Review of the Influence of Artificial Intelligence on Financial Management Studies," Information Management and Business Review, AMH International, vol. 15(4), pages 420-432.
    • Handle: RePEc:rnd:arimbr:v:15:y:2023:i:4:p:420-432
    DOI: 10.22610/imbr.v15i4(SI)I.3617
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