Use of Artificial Intelligence in Financial Accounting

2022 ◽  
pp. 247-256
Author(s):  
Neha Puri
Keyword(s):  
Artificial Intelligence ◽  
Face Recognition ◽  
Programming Language ◽  
Statistical Models ◽  
Business Models ◽  
Financial Accounting ◽  
Building Models ◽  
Long Run

Artificial intelligence (AI) is a huge headway in innovation that has everybody talking about its energizing guarantees in the innovation world. With regards to AI, it additionally incorporates its territories, for example, AI (ML). While AI could be portrayed as the capacity of machines to settle on shrewd human-like choices and improve over the long run, ML includes building models, generally statistical models that give prescient outcomes and can be developed. Many are not extremely educated about this area. While this is true, there is something else entirely to it from face recognition, fingerprints recognition, chat-bots, predictive business models, and sentimental analysis. Beforehand, AI joining in the product advancement was simply conceivable to the huge organizations that had the assets to recruit exceptionally qualified experts. Over the long run, AI structures with high deliberation levels have been created, and with few coding lines in any programming language of the decision, one can have the option to enter in various fields.

scholarly journals Application of the theory of decision making under risk and uncertainty at modelling of costs

2010 ◽  
Vol 56 (No. 5) ◽  
pp. 201-208 ◽  
Author(s):  
M. Beranová ◽  
D. Martinovičová
Keyword(s):  
Decision Making ◽  
Financial Accounting ◽  
Cost Functions ◽  
Risk And Uncertainty ◽  
Managerial Decision ◽  
Managerial Decision Making ◽  
Bayesian Theorem ◽  
Long Run ◽  
Short Run ◽  
The Cost

The costs functions are mentioned mostly in the relation to the Break-even Analysis where they are presented in the linear form. But there exist several different types and forms of cost functions. Fist of all, it is necessary to distinguish between the short-run and long-run cost function that are both very important tools of the managerial decision making even if each one is used on a different level of management. Also several methods of estimation of the cost function's parameters are elaborated in the literature. But all these methods are based on the past data taken from the financial accounting while the financial accounting is not able to separate the fixed and variable costs and it is also strongly adjusted to taxation in the many companies. As a tool of the managerial decision making support, the cost functions should provide a vision to the future where many factors of risk and uncertainty influence economic results. Consequently, these random factors should be considered in the construction of cost functions, especially in the long-run. In order to quantify the influences of these risks and uncertainties, the authors submit the application of the Bayesian Theorem.

La grande crisi globale: una sfida per la politica industriale e per le imprese

2009 ◽  
pp. 9-19
Author(s):  
Riccardo Varaldo ◽  
Lucio Lamberti
Keyword(s):  
Financial Stability ◽  
Business Models ◽  
Jel Classification ◽  
Credit Crunch ◽  
Corporate Structure ◽  
Research And Innovation ◽  
Leading Role ◽  
Long Run ◽  
Rapid Action ◽  
Political Approach

- The years to come are going to be very complex for global economies, a true challenge for industrial policy and corporate decisions. The first priority has been to ensure financial stability and to mitigate the credit crunch effects on economies, but a new strategic issue has to be put rapidly in place: the public rescue policy for economies and corporates. All measures must be taken to avoid the disruption of societies and economies, and this effort needs to be coordinated at the European and international level. In the short term, Italian industries will be less affected due to a higher flexibility and a less procyclical banking effect, but they will be very vulnerable in the long run because of the fragility of the corporate structure. More than other countries, Italy needs rapid action and a strategic political approach. Research and innovation are a must, and universities have to play a leading role in this phase. Keywords: recession, credit crunch, supply chain, business models, R&D policies, industrial Policies Parole chiave: recessione, restrizione del credito, filiera, modelli di business, politiche di R&S, politiche industriali JEL Classification: L25

Artificial Intelligence as a Growth Engine for Health Care Startups: Emerging Business Models

2018 ◽  
Vol 61 (2) ◽  
pp. 59-83 ◽  
Author(s):  
Massimo Garbuio ◽  
Nidthida Lin
Keyword(s):  
Artificial Intelligence ◽  
Health Care ◽  
Business Model ◽  
Value Creation ◽  
Critical Analysis ◽  
Business Models ◽  
Health Conditions ◽  
The World ◽  
The Future

The future of health care may change dramatically as entrepreneurs offer solutions that change how we prevent, diagnose, and cure health conditions, using artificial intelligence (AI). This article provides a timely and critical analysis of AI-driven health care startups and identifies emerging business model archetypes that entrepreneurs from around the world are using to bring AI solutions to the marketplace. It identifies areas of value creation for the application of AI in health care and proposes an approach to designing business models for AI health care startups.

scholarly journals Real World of Artificial Intelligence - A Review

2020 ◽  
Vol 11 (2) ◽  
pp. 41-47
Author(s):  
Amandeep Kaur ◽  
Madhu Dhiman ◽  
Mansi Tonk ◽  
Ramneet Kaur
Keyword(s):  
Artificial Intelligence ◽  
Neural Networks ◽  
Natural Language Processing ◽  
Face Recognition ◽  
Language Processing ◽  
Real World ◽  
Review Paper ◽  
General Concept ◽  
Research Trends ◽  
Human Intelligence

Artificial Intelligence is the combination of machine and human intelligence, which are in research trends from the last many years. Different Artificial Intelligence programs have become capable of challenging humans by providing Expert Systems, Neural Networks, Robotics, Natural Language Processing, Face Recognition and Speech Recognition. Artificial Intelligence brings a bright future for different technical inventions in various fields. This review paper shows the general concept of Artificial Intelligence and presents an impact of Artificial Intelligence in the present and future world.

scholarly journals Corporate digital responsibility (CDR) in construction engineering—ethical guidelines for the application of digital transformation and artificial intelligence (AI) in user practice

2021 ◽  
Vol 3 (10) ◽  
Author(s):  
Bianca Weber-Lewerenz
Keyword(s):  
Artificial Intelligence ◽  
Business Models ◽  
Research Question ◽  
Transformation Process ◽  
Digital Transformation ◽  
Fundamental Rights ◽  
Ethical Framework ◽  
Ethical Guidelines ◽  
Ethical Perspective ◽  
Construction Engineering

AbstractDigitization is developing fast and has become a powerful tool for digital planning, construction and operations, for instance digital twins. Now is the right time for constructive approaches and to apply ethics-by-design in order to develop and implement a safe and efficient artificial intelligence (AI) application. So far, no study has addressed the key research question: Where can corporate digital responsibility (CDR) be allocated, and how shall an adequate ethical framework be designed to support digital innovations in order to make full use of the potentials of digitization and AI? Therefore, the research on how best practices meet their corporate responsibility in the digital transformation process and the requirements of the EU for trustworthy AI and its human-friendly use is essential. Its transformation bears a high potential for companies, is critical for success and thus, requires responsible handling. This study generates data by conducting case studies and interviewing experts as part of the qualitative method to win profound insights into applied practice. It provides an assessment of demands stated in the Sustainable Development Goals by the United Nations (SDGs), White Papers on AI by international institutions, European Commission and German Government requesting the consideration and protection of values and fundamental rights, the careful demarcation between machine (artificial) and human intelligence and the careful use of such technologies. The study discusses digitization and the impacts of AI in construction engineering from an ethical perspective. This research critically evaluates opportunities and risks concerning CDR in construction industry. To the author’s knowledge, no study has set out to investigate how CDR in construction could be conceptualized, especially in relation to digitization and AI, to mitigate digital transformation both in large, medium- and small-sized companies. This study applies a holistic, interdisciplinary, inclusive approach to provide guidelines for orientation and examine benefits as well as risks of AI. Furthermore, the goal is to define ethical principles which are key for success, resource-cost-time efficiency and sustainability using digital technologies and AI in construction engineering to enhance digital transformation. This study concludes that innovative corporate organizations starting new business models are more likely to succeed than those dominated by a more conservative, traditional attitude.

scholarly journals Rancang Bangun Sistem Pakar Diagnosa Penyakit Tanaman Stroberi Menggunakan Metode Certainty Factor Berbasis Web

Repositor ◽  
2019 ◽  
Vol 1 (1) ◽  
pp. 47
Author(s):  
Nina Mauliana Noor Fajriah ◽  
Yufis Azhar ◽  
Gita Indah Marthasari
Keyword(s):  
Artificial Intelligence ◽  
Expert System ◽  
Computer Science ◽  
Programming Language ◽  
Disease Symptom ◽  
Certainty Factor ◽  
Factor Method ◽  
System Database ◽  
And Behavior

Expert system is one of the AI Development fields. AI (Artificial Intelligence) is part of a computer science which used the computer to imitate the human thoughts and behavior. The usage of a method in Expert System is very important. Thus, the most compatible method to use is the Certainty Factor method. This method is suitable to be used on Expert System to measure things and diagnosed it, will it be very sure or unsure. For example, Expert System to diagnose disease on strawberry plants. This software allows the user to diagnose the disease on strawberry plants before taking a further action. This software is using PHP programming language and store the data using MySQL system database. When the user consulting to the software, the software will show the symptoms of the disease and the user can choose the level of certainty from the chosen disease symptom. The final result from the software is a form which includes the guide of how to take the measurement of the disease based on the chosen symptoms.

scholarly journals Measuring Digital Transformation Maturity of Supply Chain

2021 ◽  
Vol 15 (2) ◽  
pp. 199-204
Author(s):  
Krešimir Buntak ◽  
Matija Kovačić ◽  
Maja Mutavdžija
Keyword(s):  
Artificial Intelligence ◽  
Cloud Computing ◽  
Supply Chain ◽  
Industry 4.0 ◽  
Digital Transformation ◽  
Strategic Decision ◽  
Traditional Practices ◽  
Long Run ◽  
Efficiency And Effectiveness ◽  
Different Levels

Digital transformation signifies changes in all components and systems of the supply chain. It is also a strategic decision of the organization which, in the long run, can result in the creation of competitive advantage in the market. Digital transformation is affecting all organizations, regardless of their activity. Digital transformation of the supply chain involves the use of industry 4.0 based technologies as well as the replacement of traditional practices with new ones based on digital solutions. The implementation of digital solutions, such as artificial intelligence, IoT, cloud computing, etc., therefore, improve communication between stakeholders in the supply chain, as well as improve efficiency and effectiveness. When conducted, digital transformation must be measured by different levels of maturity. In this paper, authors research current models of measuring digital transformation maturity in supply chain and propose a new model based on identified theories and needs.

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