TY - CHAP
T1 - Conclusion
T2 - The Currency of Our Remade World
AU - Leke, Collins Achepsah
AU - Adelowotan, Michael
N1 - Publisher Copyright:
© The Author(s), under exclusive license to Springer Nature Switzerland AG 2025.
PY - 2025
Y1 - 2025
N2 - This concluding chapter synthesises the transformative impact of artificial intelligence on accounting, auditing, and financial services, with particular emphasis on the fundamental role of data as a strategic asset. The chapter examines how the convergence of AI, underpinned by sophisticated data infrastructure, is reshaping professional roles and organisational capabilities in the financial sector. Through analysis of current research and industry practices, we demonstrate how effective data management and governance have become critical success factors in modern financial services. The discussion encompasses the technical, operational, and strategic challenges organisations face in building robust data infrastructure, implementing AI solutions, and ensuring regulatory compliance. Special attention is given to the evolution of professional roles, as traditional financial functions transform into data-driven, advisory positions requiring new combinations of technical and business skills. The chapter also explores emerging trends in quantum computing, edge processing, and artificial general intelligence, highlighting their potential impact on future financial services. Key findings indicate that organisations successful in this transformation demonstrate superior profitability and operational efficiency, while emphasising the critical balance between automation and human judgment. The conclusion presents a framework for understanding and navigating the future of financial services, where data quality, ethical considerations, and continuous professional development emerge as crucial elements for success in an AI-driven financial landscape.
AB - This concluding chapter synthesises the transformative impact of artificial intelligence on accounting, auditing, and financial services, with particular emphasis on the fundamental role of data as a strategic asset. The chapter examines how the convergence of AI, underpinned by sophisticated data infrastructure, is reshaping professional roles and organisational capabilities in the financial sector. Through analysis of current research and industry practices, we demonstrate how effective data management and governance have become critical success factors in modern financial services. The discussion encompasses the technical, operational, and strategic challenges organisations face in building robust data infrastructure, implementing AI solutions, and ensuring regulatory compliance. Special attention is given to the evolution of professional roles, as traditional financial functions transform into data-driven, advisory positions requiring new combinations of technical and business skills. The chapter also explores emerging trends in quantum computing, edge processing, and artificial general intelligence, highlighting their potential impact on future financial services. Key findings indicate that organisations successful in this transformation demonstrate superior profitability and operational efficiency, while emphasising the critical balance between automation and human judgment. The conclusion presents a framework for understanding and navigating the future of financial services, where data quality, ethical considerations, and continuous professional development emerge as crucial elements for success in an AI-driven financial landscape.
KW - Artificial intelligence
KW - Data governance
KW - Data infrastructure
KW - Emerging technologies
KW - Financial services
KW - Professional evolution
UR - http://www.scopus.com/inward/record.url?scp=105006948327&partnerID=8YFLogxK
U2 - 10.1007/978-3-031-87368-3_12
DO - 10.1007/978-3-031-87368-3_12
M3 - Chapter
AN - SCOPUS:105006948327
T3 - Contributions to Finance and Accounting
SP - 209
EP - 214
BT - Contributions to Finance and Accounting
PB - Springer Nature
ER -