Applications of Artificial Intelligence in the Economy, Including Applications in Stock Trading, Market Analysis, and Risk Management

In an increasingly automated world, Artificial Intelligence (AI) promises to revolutionize how people work, consume, and develop their societies. Science and technology advancement has led humans to seek solutions to problems; however, AI-based technology is not novel and has a wide range of economi...

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Main Authors: Amir Masoud Rahmani, Bahareh Rezazadeh, Majid Haghparast, Wei-Che Chang, Shen Guan Ting
Format: Article
Language:English
Published: IEEE 2023-01-01
Series:IEEE Access
Subjects:
Online Access:https://ieeexplore.ieee.org/document/10197415/
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author Amir Masoud Rahmani
Bahareh Rezazadeh
Majid Haghparast
Wei-Che Chang
Shen Guan Ting
author_facet Amir Masoud Rahmani
Bahareh Rezazadeh
Majid Haghparast
Wei-Che Chang
Shen Guan Ting
author_sort Amir Masoud Rahmani
collection DOAJ
description In an increasingly automated world, Artificial Intelligence (AI) promises to revolutionize how people work, consume, and develop their societies. Science and technology advancement has led humans to seek solutions to problems; however, AI-based technology is not novel and has a wide range of economic applications. This paper examines AI applications in economics, including stock trading, market analysis, and risk assessment. A comprehensive taxonomy is proposed to investigate AI applications in various scopes of the proposed categories. Furthermore, we will discuss this area’s most significant AI-based techniques and evaluation criteria. As a final step, we will identify challenges, open issues, and future work suggestions.
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spelling doaj.art-c491862fa8b0464aa8719862bbc06f942023-08-07T23:00:26ZengIEEEIEEE Access2169-35362023-01-0111807698079310.1109/ACCESS.2023.330003610197415Applications of Artificial Intelligence in the Economy, Including Applications in Stock Trading, Market Analysis, and Risk ManagementAmir Masoud Rahmani0Bahareh Rezazadeh1https://orcid.org/0000-0002-3885-1471Majid Haghparast2https://orcid.org/0000-0003-3427-5961Wei-Che Chang3Shen Guan Ting4Future Technology Research Center, National Yunlin University of Science and Technology, Douliou, Yunlin, TaiwanDepartment of Computer Engineering, Science and Research Branch, Islamic Azad University, Tehran, IranFaculty of Information Technology, University of Jyväskylä, Jyväskylä, FinlandFuture Technology Research Center, National Yunlin University of Science and Technology, Douliou, Yunlin, TaiwanFuture Technology Research Center, National Yunlin University of Science and Technology, Douliou, Yunlin, TaiwanIn an increasingly automated world, Artificial Intelligence (AI) promises to revolutionize how people work, consume, and develop their societies. Science and technology advancement has led humans to seek solutions to problems; however, AI-based technology is not novel and has a wide range of economic applications. This paper examines AI applications in economics, including stock trading, market analysis, and risk assessment. A comprehensive taxonomy is proposed to investigate AI applications in various scopes of the proposed categories. Furthermore, we will discuss this area’s most significant AI-based techniques and evaluation criteria. As a final step, we will identify challenges, open issues, and future work suggestions.https://ieeexplore.ieee.org/document/10197415/Internet of Thingsartificial intelligenceeconomymachine learningstock marketneural network
spellingShingle Amir Masoud Rahmani
Bahareh Rezazadeh
Majid Haghparast
Wei-Che Chang
Shen Guan Ting
Applications of Artificial Intelligence in the Economy, Including Applications in Stock Trading, Market Analysis, and Risk Management
IEEE Access
Internet of Things
artificial intelligence
economy
machine learning
stock market
neural network
title Applications of Artificial Intelligence in the Economy, Including Applications in Stock Trading, Market Analysis, and Risk Management
title_full Applications of Artificial Intelligence in the Economy, Including Applications in Stock Trading, Market Analysis, and Risk Management
title_fullStr Applications of Artificial Intelligence in the Economy, Including Applications in Stock Trading, Market Analysis, and Risk Management
title_full_unstemmed Applications of Artificial Intelligence in the Economy, Including Applications in Stock Trading, Market Analysis, and Risk Management
title_short Applications of Artificial Intelligence in the Economy, Including Applications in Stock Trading, Market Analysis, and Risk Management
title_sort applications of artificial intelligence in the economy including applications in stock trading market analysis and risk management
topic Internet of Things
artificial intelligence
economy
machine learning
stock market
neural network
url https://ieeexplore.ieee.org/document/10197415/
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