Technological Innovation and Accounting in Industry 6.0: Application, Implication, and Future

Title

Technological Innovation and Accounting in Industry 6.0: Application, Implication, and Future

Creator

Srivastava A.; Kumari G.; Pathania A.

Description

The way we live, work and play are being changed by the use of technology. Technology's influence is transforming our daily lives. Since COVID-19, more businesses than ever have realized the benefits of digital solutions and are embracing them. While the epidemic has disrupted the way businesses across industries have traditionally operated, it has also created opportunities to use cutting-edge technologies like virtual reality, artificial intelligence, etc. to aggressively revolutionize business methods. This chapter will provide insights into the cutting-edge accounting technologies actively reshaping the sector. The methodology, which is qualitative in nature, entails the thematic examination of the academic literature to discover newtechnologies like blockchain, data analytics, robotic process automation, artificial intelligence, etc. along with their applications, significance, drawbacks and possible industrial effects. The purpose of the paper is to serve as an addition to the literature on technological innovations in the field of accounting and finance. 2024 by IGI Global. All rights reserved.

Source

Sustainable Innovation for Industry 6.0, pp. 286-309.

Date

2024-01-01

Publisher

IGI Global

Coverage

Srivastava A., Christ University, India; Kumari G., Malla Reddy College of Engineering and Technology, India; Pathania A., Eternal University, India

Rights

Restricted Access

Relation

ISBN: 979-836933141-5; 979-836933140-8

Format

Online

Language

English

Type

Book chapter

Identifier

https://doi.org/10.4018/979-8-3693-3140-8.ch015

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