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...
Main Authors: | , , , , |
---|---|
Format: | Article |
Language: | English |
Published: |
IEEE
2023-01-01
|
Series: | IEEE Access |
Subjects: | |
Online Access: | https://ieeexplore.ieee.org/document/10197415/ |
_version_ | 1797752057180979200 |
---|---|
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. |
first_indexed | 2024-03-12T16:58:06Z |
format | Article |
id | doaj.art-c491862fa8b0464aa8719862bbc06f94 |
institution | Directory Open Access Journal |
issn | 2169-3536 |
language | English |
last_indexed | 2024-03-12T16:58:06Z |
publishDate | 2023-01-01 |
publisher | IEEE |
record_format | Article |
series | IEEE Access |
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/ |
work_keys_str_mv | AT amirmasoudrahmani applicationsofartificialintelligenceintheeconomyincludingapplicationsinstocktradingmarketanalysisandriskmanagement AT baharehrezazadeh applicationsofartificialintelligenceintheeconomyincludingapplicationsinstocktradingmarketanalysisandriskmanagement AT majidhaghparast applicationsofartificialintelligenceintheeconomyincludingapplicationsinstocktradingmarketanalysisandriskmanagement AT weichechang applicationsofartificialintelligenceintheeconomyincludingapplicationsinstocktradingmarketanalysisandriskmanagement AT shenguanting applicationsofartificialintelligenceintheeconomyincludingapplicationsinstocktradingmarketanalysisandriskmanagement |