Artificial intelligence (AI) has the potential to significantly improve efficiency, reduce costs, and increase the speed and accuracy of financial decision-making, making it an increasingly important tool for financial professionals. One way that AI can improve efficiency in finance is by automating tasks and processes that are time-consuming and repetitive for humans. For example, AI algorithms can be used to analyze and process large amounts of data, such as financial statements and market data, in a fraction of the time that it would take a human to do so. This can allow financial professionals to focus on higher-value tasks, such as interpreting data and making strategic decisions, rather than being bogged down by mundane tasks. AI can also reduce costs in finance by increasing automation and eliminating the need for certain tasks to be performed manually. This can result in cost savings for financial institutions, which can then be passed on to customers in the form of lower fees or better services. AI can be used to identify unusual patterns of activity that may indicate fraudulent behavior. This can help financial institutions reduce losses from fraud and improve customer security. AI-powered chatbots and virtual assistants can help financial institutions provide faster, more efficient customer service, particularly when it comes to answering common questions and handling routine tasks. Some financial institutions are using AI to analyze market data and make trades in real-time. AI-powered trading algorithms can potentially make faster and more accurate trading decisions than humans. In terms of speed and accuracy, AI algorithms can analyze data and make decisions much faster than humans, and can do so with a high degree of accuracy. This can be particularly useful in fast-moving financial markets, where quick and accurate decision-making can be the difference between success and failure.
This book highlights how AI in finance can improve efficiency,reduce costs, and increase the speed and accuracy of financial decision-making. Moreover, the book also focuses on how to ensure the responsible and ethical use of AI in finance.
This book is a valuable resource for students, scholars, academicians, researchers, professionals, executives, government agencies, and policymakers interested in exploring the role of artificial intelligence (AI) in finance. Its goal is to provide a comprehensive overview of the latest research and knowledge in this area, and to stimulate further inquiry and exploration.
Artificial intelligence (AI) has the potential to significantly improve efficiency, reduce costs, and increase the speed and accuracy of financial decision-making, making it an increasingly important tool for financial professionals.
This book highlights how AI in finance can improve efficiency, reducecosts, and increase the speed and accuracy of financial decision-making. Moreover, the book also focuses on how to ensure the responsible and ethical use of AI in finance.
This book is a valuable resource for students, scholars, academicians, researchers, professionals, executives, government agencies, and policymakers interested in exploring the role of artificial intelligence (AI) in finance. Its goal is to provide a comprehensive overview of the latest research and knowledge in this area, and to stimulate further inquiry and exploration.
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Biographical note
Bahaaeddin Alareeni is Assistant Professor of Accounting and Auditing. âHe got his PhD in âAccounting from Vrije University Brussel in Belgium. He did his PhD's thesis in Accounting âand Auditing on `'the relative performance of auditors' going concern âopinions and statistical âfailure prediction models for listed companies in Jordan''. His main research interests are in âthe âareas of Corporate Governance, Educational Governance, Earnings Management, Meta-âAnalysis in âAccounting and Finance, Failure prediction, ESG, and Audit quality. â
He has a âpractical experience in the Accounting profession for more than ten years âin different âorganizations, e.g., banking, NGOs, government sector, and private institutions. Additionally, âhe has âacademic experience in accounting and finance for more than eight years and âtaught considerable types of âstudents in different types of courses, mostly all courses of âundergraduate accounting and finance programs in addition to several âMSc and MBA courses. âHe developed several undergraduate courses curriculums such as Principles of Accounting âI and Principles âof âAccounting II, Intermediate Accounting, Principle of Finance and âAccounting Applications âUsing Excel âProgram and Research Methods for Business Students. ââHe served as âhead of âthe Business and Finance âDepartment and Head of the Scientific âResearch and Library Department in the University College of âApplied Sciences from the âperiod from 2015 to 2016.â
More interestingly, He has more than 50 publications in highly ranked journals, books and âinternational conferences âproceedingsâ âââ(ISI-with impact factor, Scopus, ABDC, ABS)ââ.ââ He is âEditor/Associate Editor for several books and Journals published by Emerald, Springer, Tylor â& Francis. âHe is Editor inChief of âThe International Journal of Business Ethics and âGovernance (IJBEG), and Associate Editor âof the Journal of Sustainable Finance and âInvestment (JSFI), Taylor & Francis. He was assigned is a guest editor of a number of special issues such as âJournal of Sustainable Finance and Investment (JSFI), Taylor & Francis, Journal of Strategic âMarketing (JSM), Taylor & Francis, International Journal of E-Business Research (IJER), IGI âpublisher, and Journal of Decision Systems (JDS), Taylor & Francis. He has edited several âbooks published by Springer on very important and trendy topics such as âThe Fourth Industrial âRevolution: Implementation of Artificial Intelligence for Growing Business Success; âTechnologies and Entrepreneurship in Business Development; and Applications of Artificial âIntelligence in Business, Education and Healthcare. âHe received research grants from the âPalestine Monetary Authority (PMA) in 2015. He got awards from the Bank of Jordan -Gaza âBranch (2000), and the Arabic Organization for Student support, Jerusalem (1997). He worked âas a trainer for several fields and supervised more than 15 Master students.Â