The Impact of Artificial Intelligence on Governance, Economics and Finance, Volume 2

This book explores the effects of artificial intelligence on economics and finance, focusing on the change in financial markets, institutions, and central banks, as well as other sectors such as health, logistics, and industry 4.0. It provides an integrated approach to using AI across industries and disciplines to address strategic issues and priorities in the dynamic business environment.

Format: Hardback
Length: 267 pages
Publication date: 21 May 2022
Publisher: Springer Verlag, Singapore

This comprehensive book delves into the profound effects of artificial intelligence on economics and finance, offering a comprehensive analysis of the transformative impact of the change in the structure of financial markets, institutions, and central banks, as well as the digitalization driven by fintech ecosystems. Beyond the realm of finance, the book also explores the transformative effects of AI on other sectors, including health, logistics, and Industry 4.0, all undergoing rapid transformations driven by artificial intelligence. By providing a holistic and integrated approach to the use of artificial intelligence across various industries and disciplines, this book aims to equip readers with the knowledge and tools necessary to address the strategic issues and priorities in the dynamic business environment, facilitating informed decision-making processes.

This book is a valuable resource for economists, board members of central banks, bankers, financial analysts, regulatory authorities, accounting and finance professionals, chief executive officers, chief audit officers, and chief financial officers, as well as business and management academic researchers. It offers insightful perspectives and practical insights into the evolving landscape of artificial intelligence, enabling professionals to stay ahead of the curve and navigate the complexities of the modern business world.

The book is organized into five chapters, each dedicated to exploring different aspects of the AI-driven transformation. In the first chapter, the authors provide an overview of the current state of artificial intelligence and its potential implications for the economy and finance. They discuss the various applications of AI, including machine learning, natural language processing, and robotics, and their potential to revolutionize industries such as healthcare, finance, and logistics.

Chapter 2 delves into the effects of AI on financial markets, institutions, and central banks. The authors examine how the rise of fintech ecosystems and digitalization has transformed the way financial transactions are conducted, and how AI is being used to improve efficiency, reduce costs, and enhance risk management. They also explore the challenges and risks associated with the adoption of AI in the financial sector, such as cybersecurity, data privacy, and algorithmic bias.

Chapter 3 focuses on the impact of AI on institutions and central banks. The authors discuss how AI is being used to improve the efficiency of financial institutions, such as banks and insurance companies, by automating routine tasks and providing personalized financial advice. They also explore how central banks are using AI to monitor financial markets, detect fraud, and develop new monetary policies.

Chapter 4 explores the effects of AI on health, logistics, and Industry 4.0. The authors discuss how AI is being used to improve healthcare outcomes by analyzing medical data and developing personalized treatment plans. They also explore how AI is being used to optimize supply chain management, reduce transportation costs, and enhance manufacturing processes in Industry 4.0.

Chapter 5 concludes the book by discussing the future of AI in economics and finance. The authors predict how AI will continue to shape the economy and finance in the coming years, and how professionals can adapt to the changing landscape. They also offer recommendations for policymakers and industry leaders to promote the responsible and ethical use of AI in order to maximize its benefits and minimize its risks.

In conclusion, this book provides a comprehensive and insightful exploration of the effects of artificial intelligence on economics and finance. By providing a holistic and integrated approach to the use of AI across various industries and disciplines, it aims to equip readers with the knowledge and tools necessary to address the strategic issues and priorities in the dynamic business environment, facilitating informed decision-making processes. Whether you are a professional in the field or an academic researcher, this book is a valuable resource for understanding the transformative power of artificial intelligence and its potential to shape the future of our economy and society.

Weight: 600g
Dimension: 235 x 155 (mm)
ISBN-13: 9789811689963
Edition number: 1st ed. 2022