Artificial intelligence is changing the world in unprecedented ways and redefining all areas of human activity. In recent decades, the development of AI has progressed at an extraordinary pace. This study examines the scope of implementing AI in the financial sector, insurance, and financial controlling. The research team focuses on these areas, as the main objective of this review is to provide a comprehensive walk-through and to fill the gaps in the literature related to AI implementation in finance, insurance, and financial control from an economic perspective. We provide a comprehensive overview of AI implementation in finance, insurance, and financial controlling, highlighting crucial issues in that process and identifying the relationship between the development of these economic sectors and AI. The authors’ team identifies the trends and main themes in the existing literature in AI-related publications in finance, insurance, and financial control. We discuss the main advantages and disadvantages of AI implementation, identified by our research, and also make some suggestions regarding future research having in mind the interdisciplinary of the topic, the vast development of AI and technologies, and the increasing demand for AI-based solutions, services and products.
The pandemic and the imposed restrictions have forced a rethinking of testing processes, evaluation, and the search for alternatives applicable entirely in a digital environment. The management of higher schools and the technical teams responsible for conducting distance learning had to reorganize the test as part of the overall learning process in a short period. In the chapter, a developed methodology for conducting remote examination procedures is proposed. It is suitable for application in subjects where knowledge assessment is done using tests, developing topics, etc., which can be prepared/completed by the examinees through a computer with internet connectivity. The authors present the results of surveys of students and teachers from the Tsenov Academy of Economics, Bulgaria, which serve as proof of the positive perception of the created and tested methodology for conducting remote exams.
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