Financial Data Management and Innovations – New Trends in Corporate | Original Article

ABSTRACT:

ABSTRACT

Financial data management is a set of processes and policies — usually assisted by specialized software — that enable an organization to consolidate its financial information, maintain compliance with accounting rules and laws, and produce detailed financial reports. This paper presents the chronological development of the database management system, role of artificial intelligence and machine learning in near future and the challenges in database management. The emerging trends in database management system covered mainly the focus of the corporate world on developing the systems to face forthcoming challenges of competition and security.