The Impact Of Ai Innovation On Financial Sectors In The Era Of Industry 5 0

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The Impact of AI Innovation on Financial Sectors in the Era of Industry 5.0

Author : Mohammad Irfan,Mohammed Elmogy,M Shabri Abd Majid
Publisher : Unknown
Page : 0 pages
File Size : 42,9 Mb
Release : 2023-09-05
Category : Business & Economics
ISBN : 9798369348581

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The Impact of AI Innovation on Financial Sectors in the Era of Industry 5.0 by Mohammad Irfan,Mohammed Elmogy,M Shabri Abd Majid Pdf

In the dynamic and ever-changing financial landscape, the seamless integration of artificial intelligence (AI) and machine learning (ML) has presented unprecedented challenges for the banking and finance industry. As we embrace the era of Industry 5.0, financial institutions find themselves confronted with intricate decisions pertaining to investments, macroeconomic analysis, and credit evaluation, necessitating innovative technologies to navigate this complexity. Additionally, the mounting volume of financial transactions calls for efficient data processing and analysis. Considering these pressing concerns, scholars, academicians, and industry practitioners are eagerly seeking comprehensive insights into the transformative potential of AI and ML, specifically in bolstering resilience, fostering sustainable development, and adopting human-centric approaches within the financial sector. Offering a compelling solution to these critical challenges, The Impact of AI Innovation on Financial Sectors in the Era of Industry 5.0, edited by esteemed scholars Mohammad Irfan, Mohammed Elmogy, M. Shabri Abd. Majid, and Shaker El-Sappagh, embark on an in-depth exploration of the multifaceted functions and applications of AI and ML algorithms in the realm of finance. With a keen focus on Industry 5.0 principles such as resilience, human centricity, and sustainable development, this comprehensive compendium presents a collection of groundbreaking research papers that unveil the remarkable potential of AI/ML technologies in revolutionizing the financial services industry. By catering to a diverse audience comprising researchers, academicians, industrialists, investors, and regulatory bodies, this book actively invites contributions from industry practitioners and scholars, facilitating ongoing discussions on the efficacy of ML algorithms in efficiently processing vast financial data. As the financial landscape charts an ambitious course into Industry 5.0, the book emerges as an indispensable resource, empowering the industry with transformative advancements that will indelibly shape the future of finance.

Fintech Applications in Islamic Finance: AI, Machine Learning, and Blockchain Techniques

Author : Irfan, Mohammad,Kadry, Seifedine,Sharif, Muhammad,Khan, Habib Ullah
Publisher : IGI Global
Page : 352 pages
File Size : 50,9 Mb
Release : 2023-12-07
Category : Business & Economics
ISBN : 9798369310397

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Fintech Applications in Islamic Finance: AI, Machine Learning, and Blockchain Techniques by Irfan, Mohammad,Kadry, Seifedine,Sharif, Muhammad,Khan, Habib Ullah Pdf

In the realm of Islamic finance, a pivotal challenge looms—the escalating complexity of investment decisions, macroeconomic analyses, and credit evaluations. In response, we present a groundbreaking solution that resonates with the rapidly evolving fintech era. Fintech Applications in Islamic Finance: AI, Machine Learning, and Blockchain Techniques offers a compelling repository of knowledge, meticulously curated by renowned editors Mohammad Irfan, Seifedine Kadry, Muhammad Sharif, and Habib Ullah Khan. Fintech Applications in Islamic Finance: AI, Machine Learning, and Blockchain Techniques is a call to action, an exploration of innovation, and a guide for both academia and industry. In an era where AI, ML, and blockchain reshape finance, this book stands as a beacon of knowledge, ushering Islamic finance into a realm of unprecedented efficiency and insight. As we invite readers to embark on this transformative journey, we illuminate the path to a future where technology and tradition converge harmoniously.

Artificial Intelligence in Banking

Author : IntroBooks Team
Publisher : IntroBooks
Page : 31 pages
File Size : 50,9 Mb
Release : 2024-06-29
Category : Business & Economics
ISBN : 8210379456XXX

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Artificial Intelligence in Banking by IntroBooks Team Pdf

In these highly competitive times and with so many technological advancements, it is impossible for any industry to remain isolated and untouched by innovations. In this era of digital economy, the banking sector cannot exist and operate without the various digital tools offered by the ever new innovations happening in the field of Artificial Intelligence (AI) and its sub-set technologies. New technologies have enabled incredible progression in the finance industry. Artificial Intelligence (AI) and Machine Learning (ML) have provided investors and customers with more innovative tools, new types of financial products, and a new potential for growth. According to Cathy Bessant (the Chief Operations and Technology Officer, Bank of America), AI is not just a technology discussion. It is also a discussion about data and how it is used and protected. She says, “In a world focused on using AI in new ways, we’re focused on using it wisely and responsibly.”

The Economics of Artificial Intelligence

Author : Ajay Agrawal,Joshua Gans,Avi Goldfarb,Catherine Tucker
Publisher : University of Chicago Press
Page : 172 pages
File Size : 43,8 Mb
Release : 2024-03-05
Category : Business & Economics
ISBN : 9780226833125

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The Economics of Artificial Intelligence by Ajay Agrawal,Joshua Gans,Avi Goldfarb,Catherine Tucker Pdf

A timely investigation of the potential economic effects, both realized and unrealized, of artificial intelligence within the United States healthcare system. In sweeping conversations about the impact of artificial intelligence on many sectors of the economy, healthcare has received relatively little attention. Yet it seems unlikely that an industry that represents nearly one-fifth of the economy could escape the efficiency and cost-driven disruptions of AI. The Economics of Artificial Intelligence: Health Care Challenges brings together contributions from health economists, physicians, philosophers, and scholars in law, public health, and machine learning to identify the primary barriers to entry of AI in the healthcare sector. Across original papers and in wide-ranging responses, the contributors analyze barriers of four types: incentives, management, data availability, and regulation. They also suggest that AI has the potential to improve outcomes and lower costs. Understanding both the benefits of and barriers to AI adoption is essential for designing policies that will affect the evolution of the healthcare system.

The Impact of AI Innovation on Financial Sectors in the Era of Industry 5.0

Author : Irfan, Mohammad,Elmogy, Mohammed,Shabri Abd. Majid, M.,El-Sappagh, Shaker
Publisher : IGI Global
Page : 341 pages
File Size : 54,8 Mb
Release : 2023-09-05
Category : Business & Economics
ISBN : 9798369300831

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The Impact of AI Innovation on Financial Sectors in the Era of Industry 5.0 by Irfan, Mohammad,Elmogy, Mohammed,Shabri Abd. Majid, M.,El-Sappagh, Shaker Pdf

In the dynamic and ever-changing financial landscape, the seamless integration of artificial intelligence (AI) and machine learning (ML) has presented unprecedented challenges for the banking and finance industry. As we embrace the era of Industry 5.0, financial institutions find themselves confronted with intricate decisions pertaining to investments, macroeconomic analysis, and credit evaluation, necessitating innovative technologies to navigate this complexity. Additionally, the mounting volume of financial transactions calls for efficient data processing and analysis. Considering these pressing concerns, scholars, academicians, and industry practitioners are eagerly seeking comprehensive insights into the transformative potential of AI and ML, specifically in bolstering resilience, fostering sustainable development, and adopting human-centric approaches within the financial sector. Offering a compelling solution to these critical challenges, The Impact of AI Innovation on Financial Sectors in the Era of Industry 5.0, edited by esteemed scholars Mohammad Irfan, Mohammed Elmogy, M. Shabri Abd. Majid, and Shaker El-Sappagh, embark on an in-depth exploration of the multifaceted functions and applications of AI and ML algorithms in the realm of finance. With a keen focus on Industry 5.0 principles such as resilience, human centricity, and sustainable development, this comprehensive compendium presents a collection of groundbreaking research papers that unveil the remarkable potential of AI/ML technologies in revolutionizing the financial services industry. By catering to a diverse audience comprising researchers, academicians, industrialists, investors, and regulatory bodies, this book actively invites contributions from industry practitioners and scholars, facilitating ongoing discussions on the efficacy of ML algorithms in efficiently processing vast financial data. As the financial landscape charts an ambitious course into Industry 5.0, the book emerges as an indispensable resource, empowering the industry with transformative advancements that will indelibly shape the future of finance.

Cases on Social Media and Entrepreneurship

Author : Hossain, Syed Far Abid
Publisher : IGI Global
Page : 343 pages
File Size : 41,7 Mb
Release : 2024-03-11
Category : Business & Economics
ISBN : 9798369317822

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Cases on Social Media and Entrepreneurship by Hossain, Syed Far Abid Pdf

In the 21st century, social media has emerged as a pivotal force shaping business strategies and entrepreneurship. The rapid evolution of social media platforms poses a pressing question: how can one effectively address this fast-paced transformation? Cases on Social Media and Entrepreneurship explores this and delves into media entrepreneurship, giving special attention to its role in developing women entrepreneurs. It skillfully tackles the challenge of gender disparities within the entrepreneurial landscape. Simultaneously, it also explores how to harness the power of artificial intelligence amid the integration challenges it presents, offering instrumental insights for entrepreneurs and investors, stakeholders, government officials, and policymakers. The book does not stop at identifying challenges; it propels the discourse forward by exploring the future of social media entrepreneurship in business. Addressing AI-related concerns, the book investigates whether it threatens social media entrepreneurs or opens up new avenues for growth. Themes like poverty alleviation, the impact on advertising costs, and the intersection of social media entrepreneurship with AI-driven advancements are thoroughly examined.

Banking 5.0

Author : Bernardo Nicoletti
Publisher : Springer Nature
Page : 540 pages
File Size : 41,9 Mb
Release : 2021-07-06
Category : Business & Economics
ISBN : 9783030758714

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Banking 5.0 by Bernardo Nicoletti Pdf

Bill Gates’ quote, “Banking is necessary, but banks are not,” showcases the opportunity for financial services digital transformation. The next transition from industry 4.0 to 5.0 will impact all sectors, including banking. It will combine information technology and automation, based on artificial intelligence, person-robot collaboration, and sustainability. It is time to analyze this transformation in banking deeply, so that the sector can adequately change to the ‘New Normal’ and a wholly modified banking model can be properly embedded in the business. This book presents a conceptual model of banking 5.0, detailing its implementation in processes, platforms, people, and partnerships of financial services organizations companies. The last part of the book is then dedicated to future developments. Of interest to academics, researchers, and professionals in banking, financial technology, and financial services, this book also includes business cases in financial services.

The AI Book

Author : Ivana Bartoletti,Anne Leslie,Shân M. Millie
Publisher : John Wiley & Sons
Page : 782 pages
File Size : 42,5 Mb
Release : 2020-04-09
Category : Business & Economics
ISBN : 9781119551928

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The AI Book by Ivana Bartoletti,Anne Leslie,Shân M. Millie Pdf

Written by prominent thought leaders in the global fintech space, The AI Book aggregates diverse expertise into a single, informative volume and explains what artifical intelligence really means and how it can be used across financial services today. Key industry developments are explained in detail, and critical insights from cutting-edge practitioners offer first-hand information and lessons learned. Coverage includes: · Understanding the AI Portfolio: from machine learning to chatbots, to natural language processing (NLP); a deep dive into the Machine Intelligence Landscape; essentials on core technologies, rethinking enterprise, rethinking industries, rethinking humans; quantum computing and next-generation AI · AI experimentation and embedded usage, and the change in business model, value proposition, organisation, customer and co-worker experiences in today’s Financial Services Industry · The future state of financial services and capital markets – what’s next for the real-world implementation of AITech? · The innovating customer – users are not waiting for the financial services industry to work out how AI can re-shape their sector, profitability and competitiveness · Boardroom issues created and magnified by AI trends, including conduct, regulation & oversight in an algo-driven world, cybersecurity, diversity & inclusion, data privacy, the ‘unbundled corporation’ & the future of work, social responsibility, sustainability, and the new leadership imperatives · Ethical considerations of deploying Al solutions and why explainable Al is so important

The Future of Finance

Author : Henri Arslanian,Fabrice Fischer
Publisher : Springer
Page : 318 pages
File Size : 49,5 Mb
Release : 2019-07-15
Category : Business & Economics
ISBN : 9783030145330

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The Future of Finance by Henri Arslanian,Fabrice Fischer Pdf

This book, written jointly by an engineer and artificial intelligence expert along with a lawyer and banker, is a glimpse on what the future of the financial services will look like and the impact it will have on society. The first half of the book provides a detailed yet easy to understand educational and technical overview of FinTech, artificial intelligence and cryptocurrencies including the existing industry pain points and the new technological enablers. The second half provides a practical, concise and engaging overview of their latest trends and their impact on the future of the financial services industry including numerous use cases and practical examples. The book is a must read for any professional currently working in finance, any student studying the topic or anyone curious on how the future of finance will look like.

Artificial Intelligence in Banking

Author : Introbooks
Publisher : Unknown
Page : 50 pages
File Size : 49,9 Mb
Release : 2020-04-07
Category : Electronic
ISBN : 9798634736815

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Artificial Intelligence in Banking by Introbooks Pdf

In these highly competitive times and with so many technological advancements, it is impossible for any industry to remain isolated and untouched by innovations. In this era of digital economy, the banking sector cannot exist and operate without the various digital tools offered by the ever new innovations happening in the field of Artificial Intelligence (AI) and its sub-set technologies. New technologies have enabled incredible progression in the finance industry. Artificial Intelligence (AI) and Machine Learning (ML) have provided the investors and customers with more innovative tools, new types of financial products and a new potential for growth.According to Cathy Bessant (the Chief Operations and Technology Officer, Bank of America), AI is not just a technology discussion. It is also a discussion about data and how it is used and protected. She says, "In a world focused on using AI in new ways, we're focused on using it wisely and responsibly."

Competing in the Age of AI

Author : Marco Iansiti,Karim R. Lakhani
Publisher : Harvard Business Press
Page : 175 pages
File Size : 54,7 Mb
Release : 2020-01-07
Category : Business & Economics
ISBN : 9781633697638

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Competing in the Age of AI by Marco Iansiti,Karim R. Lakhani Pdf

"a provocative new book" — The New York Times AI-centric organizations exhibit a new operating architecture, redefining how they create, capture, share, and deliver value. Now with a new preface that explores how the coronavirus crisis compelled organizations such as Massachusetts General Hospital, Verizon, and IKEA to transform themselves with remarkable speed, Marco Iansiti and Karim R. Lakhani show how reinventing the firm around data, analytics, and AI removes traditional constraints on scale, scope, and learning that have restricted business growth for hundreds of years. From Airbnb to Ant Financial, Microsoft to Amazon, research shows how AI-driven processes are vastly more scalable than traditional processes, allow massive scope increase, enabling companies to straddle industry boundaries, and create powerful opportunities for learning—to drive ever more accurate, complex, and sophisticated predictions. When traditional operating constraints are removed, strategy becomes a whole new game, one whose rules and likely outcomes this book will make clear. Iansiti and Lakhani: Present a framework for rethinking business and operating models Explain how "collisions" between AI-driven/digital and traditional/analog firms are reshaping competition, altering the structure of our economy, and forcing traditional companies to rearchitect their operating models Explain the opportunities and risks created by digital firms Describe the new challenges and responsibilities for the leaders of both digital and traditional firms Packed with examples—including many from the most powerful and innovative global, AI-driven competitors—and based on research in hundreds of firms across many sectors, this is your essential guide for rethinking how your firm competes and operates in the era of AI.

The Impact of Artificial Intelligence on Workforce Management within the Banking and Finance Industry

Author : Sofia Papadopoulou
Publisher : GRIN Verlag
Page : 169 pages
File Size : 54,8 Mb
Release : 2021-05-18
Category : Business & Economics
ISBN : 9783346407092

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The Impact of Artificial Intelligence on Workforce Management within the Banking and Finance Industry by Sofia Papadopoulou Pdf

Master's Thesis from the year 2020 in the subject Business economics - Banking, Stock Exchanges, Insurance, Accounting, grade: 1,6, University of applied sciences Frankfurt a. M., language: English, abstract: The purpose and objective of this thesis is to examine the degree of impact WFM is facing due to implementation of AI-based tools within the banking and finance industry. To do this the author will select and classify under the chapter ‘Literature Review’ how, in which departments, and to what degree, banks and other financial institutions have implemented AI tools within their organization. Secondly, the author will conduct interviews with executive leaders as well as with AI researchers and experts, and analyze the data received. For this study, the author focuses on AI’s impact on WFM within the banking and finance industry. The purpose of the following questions is to refine the present knowledge gap within the banking and finance industry regarding the WFM impact of AI. The author will emphasize via a literature review and interviews exactly how AI-based technology tools have been implemented in the banking and finance industry. To do so, three research questions have been chosen and will be further analyzed throughout this study paper. The first question focuses on WFM and HR teams. It predicts how many people and what kind of qualifications will be deployed. As well as where and when they will be deployed. There are many consequences of banks and other financial institutions implementing more AI technology. In his book, Competing in the Age of AI, Iansiti and Lakhani mention that it is critical for leaders to understand the choice of model along with “navigating the ethics of digital scale”. The author emphasizes that leaders must be able to build a strong organization of safety, security and sustainability. Firms spend billions of dollars on new AI related technologies and innovations. Despite this, banks and other financial institutions face three main issues. The first challenge is an outdated operating model. The second challenge is the lack of a fitting talent strategy. Both challenges are interconnected to each other. Likewise, as a third challenge, Workforce Management (WFM), the core process that boosts performance levels and competency for an organization, has been reformed and disrupted by the introduction of AI.

Artificial Intelligence in Banking

Author : Anonim
Publisher : Unknown
Page : 0 pages
File Size : 41,8 Mb
Release : 2020
Category : Artificial intelligence
ISBN : 1393327737

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Artificial Intelligence in Banking by Anonim Pdf

In these highly competitive times and with so many technological advancements, it is impossible for any industry to remain isolated and untouched by innovations. In this era of digital economy, the banking sector cannot exist and operate without the various digital tools offered by the ever new innovations happening in the field of Artificial Intelligence (AI) and its sub-set technologies. New technologies have enabled incredible progression in the finance industry. Artificial Intelligence (AI) and Machine Learning (ML) have provided the investors and customers with more innovative tools, new types of financial products and a new potential for growth. According to Cathy Bessant (the Chief Operations and Technology Officer, Bank of America), AI is not just a technology discussion. It is also a discussion about data and how it is used and protected. She says, "In a world focused on using AI in new ways, we're focused on using it wisely and responsibly."

Powering the Digital Economy: Opportunities and Risks of Artificial Intelligence in Finance

Author : El Bachir Boukherouaa,Mr. Ghiath Shabsigh,Khaled AlAjmi,Jose Deodoro,Aquiles Farias,Ebru S Iskender,Mr. Alin T Mirestean,Rangachary Ravikumar
Publisher : International Monetary Fund
Page : 35 pages
File Size : 46,8 Mb
Release : 2021-10-22
Category : Business & Economics
ISBN : 9781589063952

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Powering the Digital Economy: Opportunities and Risks of Artificial Intelligence in Finance by El Bachir Boukherouaa,Mr. Ghiath Shabsigh,Khaled AlAjmi,Jose Deodoro,Aquiles Farias,Ebru S Iskender,Mr. Alin T Mirestean,Rangachary Ravikumar Pdf

This paper discusses the impact of the rapid adoption of artificial intelligence (AI) and machine learning (ML) in the financial sector. It highlights the benefits these technologies bring in terms of financial deepening and efficiency, while raising concerns about its potential in widening the digital divide between advanced and developing economies. The paper advances the discussion on the impact of this technology by distilling and categorizing the unique risks that it could pose to the integrity and stability of the financial system, policy challenges, and potential regulatory approaches. The evolving nature of this technology and its application in finance means that the full extent of its strengths and weaknesses is yet to be fully understood. Given the risk of unexpected pitfalls, countries will need to strengthen prudential oversight.

Artificial Intelligence in Financial Services and Banking Industry

Author : Dr. V.V.L.N. Sastry
Publisher : Idea Publishing
Page : 87 pages
File Size : 53,5 Mb
Release : 2020-03-20
Category : Business & Economics
ISBN : 8210379456XXX

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Artificial Intelligence in Financial Services and Banking Industry by Dr. V.V.L.N. Sastry Pdf

In the last couple of years, the finance and banking sectors have increasingly deployed and implemented Artificial Intelligence (AI) technologies. AI and machine learning are being rapidly adopted for a range of applications for front-end and back end processes to both business and financial management operations. Thus, it is quite significant to consider the financial stability repercussions of such uses. Since AI is relatively new, the data on the usage is largely unavailable, any analysis may be necessarily considered Preliminary1 . Some of the current and potential use cases of AI and machine learning in the finance sector include the following.  Institutions use AI and machine learning methods to optimize scarce capital, back-test models, and analyze the market impact of trading large positions.  Financial institutions and vendors use AI and machine learning techniques to evaluate credit quality for market and price insurance contracts, and to automate client interaction.  Brokers, hedge funds, and other firms are using AI and machine learning to find pointers for higher (and uncorrelated) returns to optimize trading execution.  Private and public sector institutions use these technologies for data quality assessment, surveillance, regulatory compliance, and fraud detection. This book seeks to map the use of AI in current state of affairs in the banking and financial sector. By doing so, it explores:  The present uses of AI in banking and finance and its narrative across the globe.