Artificial Intelligence and the Future of Work

Harayama, Yuko; Milano, Michela; Baldwin, Richard; Antonin, Céline; Berg, Janine; Karvar, Anousheh; Wyckoff, Andrew W.

doi:10.1007/978-3-030-69128-8_4

Cited by 2 publications

(2 citation statements)

References 9 publications

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“…The integration of AI in business operations has also led to the development of predictive analytics and intelligent decision-making systems. These systems utilize AI algorithms to forecast market trends, customer behavior, and financial outcomes, enabling businesses to make proactive and informed decisions (Harayama et al, 2021). In finance, AI-driven predictive models are used for risk assessment, investment analysis, and financial planning, providing a level of precision and foresight that was previously unattainable.…”

Section: Significance Of Ai In Modern Business Environmentsmentioning

confidence: 99%

“…AI has automated many routine tasks, leading to a shift in the skill sets required in the workforce. There is a growing need for professionals who can work alongside AI, interpret its outputs, and leverage its capabilities for strategic advantage (Harayama et al, 2021). This shift necessitates a rethinking of training and development programs to prepare the workforce for an AI-driven business environment.…”

Section: Significance Of Ai In Modern Business Environmentsmentioning

confidence: 99%

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The impact of AI on accounting practices: A review: Exploring how artificial intelligence is transforming traditional accounting methods and financial reporting

Beryl Odonkor,

Simon Kaggwa,

Prisca Ugomma Uwaoma

et al. 2024

World J. Adv. Res. Rev.

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This paper delves into the transformative impact of Artificial Intelligence (AI) on traditional accounting practices, examining its role in reshaping financial reporting, auditing, and decision-making processes. The study explores the evolution from manual, labor-intensive accounting methods to sophisticated, AI-driven approaches by setting it against the backdrop of rapid technological advancements. The aim is to critically assess how AI integration is redefining the landscape of accounting, highlighting both the opportunities and challenges it presents. The study meticulously analyzes peer-reviewed articles, case studies, and industry reports from the last decade by employing a systematic literature review and bibliometric analysis. This methodology ensures a comprehensive understanding of AI's integration in accounting, its effectiveness in enhancing accuracy and efficiency, and the strategic implications for accounting professionals and firms. The findings reveal that AI significantly improves the accuracy and efficiency of financial reporting, automating routine tasks and enabling predictive analytics for strategic decision-making. However, challenges such as the need for skilled personnel adept in AI, data privacy concerns, and the high costs of AI integration are notable. The study also highlights the resistance to change as a significant barrier to AI adoption in accounting practices. In conclusion, the paper recommends a balanced approach to AI integration in accounting, emphasizing the need for continuous learning, adaptation, and strategic planning. It advocates for investment in training and development to build AI competency and stresses the importance of ethical considerations and regulatory compliance. The study concludes that while AI presents challenges, its potential to revolutionize accounting practices is undeniable, offering new avenues for growth and innovation in the digital era.

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Section: Significance Of Ai In Modern Business Environmentsmentioning

confidence: 99%

Section: Significance Of Ai In Modern Business Environmentsmentioning

confidence: 99%

The impact of AI on accounting practices: A review: Exploring how artificial intelligence is transforming traditional accounting methods and financial reporting

Beryl Odonkor,

Simon Kaggwa,

Prisca Ugomma Uwaoma

et al. 2024

World J. Adv. Res. Rev.

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Enhancing Employee Performance through Strategic Initiatives

Indrasari,

Pamuji

2023

J. Bus. Manag. Econ. Development.

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In the current dynamic AI environment, it is crucial for organizations to enhance the cooperation between humans and technology in order to enhance employee performance. This research examines strategic steps to thrive in the workplace amid the presence of AI. The study analyzes the symbiotic relationship between employees and AI technology to identify effective strategies that organizations can implement to improve employee performance. The synthesis of empirical data and case studies from various industries is achieved through the utilization of an interdisciplinary framework that includes organizational psychology, technology adoption theory, and strategic management. The analysis focuses on the impact of customized initiatives such as ongoing learning programs, customizable upskilling, and AI-conscious leadership in enabling employees to collaborate effectively with AI and leverage its capabilities to increase productivity and drive innovation. The study highlights the importance of strategically integrating AI and implementing proactive initiatives that allow employees to easily adopt the technology. In addition, it underscores the importance of organizational culture in cultivating a growth mindset that enables AI to drive individual and collective achievement. The study offers an overarching framework for organizations as they navigate artificial intelligence (AI) integration while placing a high emphasis on developing and growing their employees. Implementing these strategic initiatives can enhance business success in the era of artificial intelligence by optimizing employee performance and achieving competitive advantage.

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Artificial Intelligence and the Future of Work

Cited by 2 publications

References 9 publications

The impact of AI on accounting practices: A review: Exploring how artificial intelligence is transforming traditional accounting methods and financial reporting

The impact of AI on accounting practices: A review: Exploring how artificial intelligence is transforming traditional accounting methods and financial reporting

Enhancing Employee Performance through Strategic Initiatives

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