Analysis of the Impact of Artificial Intelligence Applications on the Development of Accounting Industry

Abstract

Over the past two years, the COVID-19 pandemic served as a catalyst for an industry-wide shift toward online platforms. This trend, particularly evident in the financial and economic sectors, has fueled the adoption of Artificial Intelligence (AI) applications. Specifically, big data analysis and semantic analysis powered by AI are driving business growth by streamlining operations and maximizing efficiency. Virtual platforms facilitate efficient resource management for all levels of an organization, enabling robust development. Our research focuses on the past five years, including the COVID-19 period. We collected data from various organizations regarding financial management and accounting practices. By analyzing this data with AI and machine learning algorithms, we aim to develop solutions for accounting and management challenges, while also informing future managerial strategies. Our focus region is the Asia-Pacific area, where knowledge gaps pose a significant barrier to both the development of the accounting industry and the personal growth of management personnel. Our research endeavors to bridge these gaps and pave the way for a more robust and sustainable future.