The Future of HRM And Finance With AI: Navigating Projects, Innovations, Challenges, And Opportunities for Integrated Human Capital and Finance Management

Abstract

Introduction: This paper aims at examining the advancement of human resource management and finance through artificial intelligence. AI has become a new phenomenon in managing people and financial resources. This particular study focuses on the AI evolution and the issues that arise with the implementation of AI in the fields of HRM and finance. Artificial intelligence alters the dynamics of HRM and finance in that firms are able to leverage data to enhance their performance.

Methodology: This research adopts the case-study approach with the UAE as the area of interest. The research involves conducting an online survey of the HR and finance departments of the selected organizations. They explore topics like cultural resistance, skills deficits, and data privacy. The case study highlights the practical deployment of AI in UAE organizations to manage and forecast human capital and financial data for decision-making.

Conclusion: Artificial intelligence has a general impact on both the field of HRM and the field of finance through opening up possibilities and risks for improvements and changes. The UAE experience proves that the opposite is true: with the proactive approach and strategies, as well as investments in talent and data protection. It is possible to achieve success. The paper is informative for other countries and industries interested in the implementation of AI in HRM and finance.