Integrating emerging technologies for digital asset management

Abstract

With the current advancement of technology, several business structures have been enhanced due to technology-enabled business approaches, including financial statements, asset management, and daily business operations. This study examines the transformation potential of emerging technologies, such as Robotics, Blockchain, Chat Generative Pre-Trained Transformer (ChatGPT), and artificial intelligence (AI), in promoting small, medium, and corporate businesses and improving economic sustainability. ChatGPT has demonstrated enhanced customer service, which has given rise to apprehensions over precision and safeguarding of data privacy. The field of robotics holds the potential for reducing costs, but its successful implementation necessitates particular adaption. AI generates insights based on available data, presenting ethical dilemmas and skill-related obstacles. This study includes successful case studies involving technology-enabled operatives and emphasizes incorporating current technologies and overcoming hurdles to technology adoption. Finally, the study highlights the merits of proactive measures for adopting technology to stimulate growth and foster innovation within the global economy.