The Fourth Industrial Revolution I4.0 in India: Challenges and Opportunities

Abstract

"Cloud Computing means the data and or software is hosted on remote servers i.e. located in place other than on local servers and data is accessed, modified, retrieved using internet visualised as a Cloud . Financial Management greatly relies on information for its investment, financing and dividend decisions. It is no wonder that usage of technology for better and quicker decisions in financial systems have resulted into innovative blend called as “Fintech”. On the similar lines we see that “Cloud Accounting” is another portmanteau integrating the concepts of traditional accounting systems with internet usage for combined benefits. This paper is aimed at enhancing the comprehension of cloud computing and its role application in financial management and accounting. The paper also aims to generate an understanding of the issues, challenges and potentials while managing such integrations. The facts and information mentioned, which are utilised to analyse and derive conclusions are available in form of featured articles and news articles in various websites. Thus analytical research methodology based on analysis of secondary data is applied in development of this paper. The finding of the paper focuses on the role played by cloud computing in financial management and accounting. It also highlights the future of this fusion considering the issues and challenges that need to be addressed. Time and Finances are limiting factors in conducting the study. The study is majorly based on the secondary data. Ms. Sonal Gawade ""Fostering Innovation, Integration & Inclusion through Interdisciplinary Practices in Management"" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Special Issue | Fostering Innovation, Integration and Inclusion Through Interdisciplinary Practices in Management , March 2019, URL: https://www.ijtsrd.com/papers/ijtsrd23072.pdf Paper URL: https://www.ijtsrd.com/humanities-and-the-arts/education/23072/fostering-innovation-integration-and-inclusion-through-interdisciplinary-practices-in-management/ms-sonal-gawade"