Effect of Artificial Intelligence and Supply Chain Technology on Financial Performance of Listed Information and Communication Technology Firms in Nigeria
Otsupius, Oshiorenoya Constance and Mohammed Bala Inuwa
Department of Accounting, Bingham University, Karu, Nasarawa State
Email: Oshiopius@gmail.com, Phone No: +234 8076749866
ABSTRACT
Information and communication technology companies hugely invest in artificial intelligence and supply chain technologies and so the need arises to study the effect that these have on the financial performance of these companies, to find out whether these innovations have any significant synergistic benefits to the advancement or abatement of financial numbers. This study therefore, is an assessment of the effect of artificial intelligence and supply chain technology on the financial performance of listed information and communication technology firms in Nigeria. The study which covers a fifteen (15) year period (2009-2023), adopted secondary data sourced from published annual reports and accounts of the listed ICT firms according to the Nigerian Exchange Group, to ensure the validity and reliability of the data. The findings indicated that artificial intelligence and supply chain technology both had positive effect on financial performance, but artificial intelligence had a significant influence while supply chain technology is insignificant. The study concludes that increase in the use of artificial intelligence will improve financial performance and it is recommended that more artificial intelligence technologies should be adopted by Information and communication technology firms.
Keywords: Artificial intelligence, Supply chain technology, Return on Assets, Financial performance
CITE AS: Otsupius, Oshiorenoya Constance and Mohammed Bala Inuwa (2024). Effect of Artificial Intelligence and Supply Chain Technology on Financial Performance of Listed Information and Communication Technology Firms in Nigeria. IDOSR JOURNAL OF ARTS AND HUMANITIES 10(2):33-45 https://doi.org/10.59298/IDOSRJAH/2024/102.33450000