Emerging Technologies in Finance: Revolutionizing Investment Strategies and Tax Management in the Digital Era
DOI:
https://doi.org/10.5281/zenodo.13283670Keywords:
blockchain, artificial intelligence, big data analytics, financial technologyAbstract
This paper explores the transformative impact of emerging technologies on the financial sector, focusing on blockchain, artificial intelligence (AI), machine learning (ML), and big data analytics. These technologies have revolutionized investment strategies and tax management, offering unprecedented efficiency, transparency, and security. With its decentralized and immutable nature, blockchain technology has introduced innovative applications such as smart contracts and decentralized finance (DeFi), enhancing transparency and reducing transaction costs. AI and ML have revolutionized investment strategies by enabling sophisticated algorithmic trading, risk assessment, and portfolio optimization. Big data analytics has emerged as a powerful tool in tax management, facilitating real-time fraud detection, compliance monitoring, and tax optimization. This research provides a comprehensive analysis of the current applications and potential future developments of these technologies in finance. It also addresses the challenges and limitations of their adoption, including regulatory issues, data privacy concerns, and ethical considerations. The findings offer valuable insights for financial institutions, regulators, and policymakers to navigate the rapidly evolving technological landscape and harness the potential benefits of these innovations.
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Copyright (c) 2024 Siyang Li, Haosen Xu, Tianyi Lu, Guanghe Cao, Xu Zhang
This work is licensed under a Creative Commons Attribution 4.0 International License.
