IJFANS International Journal of Food and Nutritional Sciences

ISSN PRINT 2319 1775 Online 2320-7876

Artificial Intelligence in Financial Management, Risk and Forecasting: Perspectives from the Post COVID-19-Era

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Dr Anuradha Sarkar,Dr. Indrani Bhattacharjee,Dr Sundara Rajulu Navaneethakrishnan,Sruthi S,Dr. Sunil Adhav

Abstract

[i] Purpose: The motive of the research is to understand the process of Artificial Intelligence can be used to improve financial management and forecasting, as well as to mitigate risk, in the post-COVID-19 era. Additionally, the research seeks to identify the most effective uses of AI and how it can be leveraged to create more efficient and effective financial management. [ii] Theoretical framework:The theoretical framework of the research draws upon Artificial Intelligence (AI) and Machine Learning (ML) to study the impact of AI on financial management, risk and forecasting in the post-COVID-19 era. It also examines the potential of AI-driven analytics and decision-making in the finance sector. [iii] Design/methodology/approach:The research methodology used for this research will involve a quantitative and qualitative analysis of the impact of Artificial Intelligence on financial management, risk, and forecasting in the post-COVID-19 era. This will involve interviews related to the experts related to the field, surveys of industry professionals and analysis of existing literature on the topic. [iv] Findings: 1. The research found that Artificial Intelligence can be used to effectively manage financial risks and enable accurate forecasting in the post-COVID-19 era. 2. Moreover, AI can improve operational efficiency, provide better customer experience, and enable greater financial resilience in the market. [v] Research, practical and social implications: The research on Artificial Intelligence in Financial Management, Risk, and Forecasting signals the need for increased investments in AI technology and infrastructure to ensure that businesses are able to adapt to the post-COVID-19-Era. AI-based financial solutions can help to improve financial decision-making and risk management, leading to greater financial stability and resilience. The adoption of AI in finance creates a more equitable financial system and helps to reduce inequality, providing more opportunities for economic growth and development. [vi] Originality/value: The research on Artificial Intelligence in Financial Management, Risk and Forecasting in the Post COVID-19 Era offers a unique opportunity to develop and apply AI-based solutions to the ever-changing needs of the financial sector. By leveraging the potential of AI, this research seeks to develop novel approaches to managing financial risks and forecasting potential outcomes in the post-pandemic era.

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