The Transformative Impact of Artificial Intelligence on Accounting and Commerce: Opportunities, Challenges, and Future Prospects

Abstract

The integration of Artificial Intelligence (AI) in accounting and commerce is transforming traditional processes by enabling real-time analytics and data-driven decision-making. Techniques like machine learning, natural language processing, and robotic process automation are employed across a range of tasks, including data entry, financial reporting, fraud detection, and customer service. These technological advancements significantly improve operational efficiency and cost-effectiveness. However, they also raise important concerns regarding ethics, data privacy, workforce displacement, and regulatory compliance. This study critically examines the multifaceted impact of AI on accounting and commerce by evaluating the associated opportunities, challenges, and emerging trends. Drawing upon interdisciplinary literature and current organizational practices, the study offers valuable insights for scholars, business leaders, and policymakers navigating this evolving landscape.