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International Journal for Research in Applied Science & Engineering Technology, 2021

In this modern technological era Artificial intelligence (AI) is rapidly acquiring tech industry. AI takes a leading role in conferences and demonstrates the potential for a good type of industry, including manufacturing and marketing. New gadgets are embedded with visual assistants, while interviews answer people’s questions on everything from an online office provider site to a web hosting service support page. For the enterprises, functional AI applications can display all sorts of informed methods of calculation for organizational needs, therefore the business understanding is derived from the information that is collected. Most of the enterprises use AI for everything from mining social data to drive insights in Customer Relationship Management (CRM) and used to improve efficiency tracking and managing assets. In this paper a brief study of how AI changes the business is presented by considering some practices of AI in Businesses, followed by few applications of AI, benefits of AI and lastly the future challenges to be faced by AI

International Journal of Engineering Research and Advanced Technology (IJERAT), 2020

Artificial intelligence (AI) is a field of computer science that is dedicated to developing software dealing with intelligent decisions, reasoning, and problem solving. Artificial intelligence is already part of our lives, slowly shaping our society and business. It is everywhere, in on your smartphones, laptops, and cars. AI can increase productivity, gain competitive advantage, compliment human intelligence. and reduce cost of operations. Businesses of all types and sizes are considering artificial intelligence to solve their problems. The scope of AI in business transformation is constantly growing. This paper provides an introduction on the applications of AI in business.

IAEME PUBLICATION, 2024

The purpose of this study is to analyse the current state and future implications of artificial intelligence (AI) technologies in various aspects of business operations. This study investigates the impact of AI on organizational development, exploring its effects on business operations, decision-making, customer experience, and supply chain management. Moreover, AI-driven innovation enables organizations to develop new products, services, and business models, driving growth and competitiveness. These innovations include enhanced decision-making through augmented intelligence, realtime analytics, and hyper-personalization of customer experiences. Advanced automation will lead to more autonomous operations and the integration of AI with Internet of Things (IoT) devices. Additionally, AI-driven innovation in product development, smart services, and cyber security will offer businesses new avenues for growth and competitive advantage. This literature review aims to provide a comprehensive understanding of how AI influences different aspects of business operations and the current state and opportunities it presents. The paper concludes that embracing AI and investing in its development will be crucial for businesses aiming to thrive in an increasingly digital and data-driven world. Companies that leverage AI effectively will be better positioned to enhance efficiency, drive innovation, and achieve sustainable growth in the evolving market landscape.

2021

The fast pace of artificial intelligence (AI) and automation is propelling strategists to reshape their business models. This is fostering the integration of AI in the business processes but the consequences of this adoption are underexplored and needs attention. This paper focuses on the overall impact of AI on businesses from research, innovation, market deployment to future shifts in business models. To access this overall impact, we design a three-dimensional research model, based upon the Neo-Schumpeterian economics and its three forces viz. innovation, knowledge, and entrepreneurship. The first-dimension deals with research and innovation in AI. In the second dimension, we explore the influence of AI on the global market and the strategic objectives of the businesses and finally the third dimension examines how AI is shaping business contexts. Additionally, the paper explores AI implications on actors and its dark sides.

The integration of artificial intelligence (AI) into business and industry is catalyzing a paradigm shift in how organizations operate, innovate, and interact with stakeholders. This abstract explores the multifaceted implications of AI across various domains, highlighting its role in automation, predictive analytics, personalized customer experiences, supply chain optimization, enhanced decision-making, natural language processing, product innovation, risk management, fraud detection, healthcare advancements, and workforce augmentation. By leveraging AI technologies, businesses can automate repetitive tasks, anticipate trends, tailor experiences, optimize operations, mitigate risks, and foster innovation. However, the widespread adoption of AI also poses ethical and societal challenges, including concerns about job displacement, data privacy, and algorithmic bias. Therefore, a holistic approach that balances technological advancement with ethical considerations is essential to harness the full potential of AI while ensuring its responsible and equitable deployment in business and industry.

Artificial Intelligence (AI) has become a critical technology in business. It has the potential to improve business efficiency, reduce costs, and enhance customer experience. However, businesses face various challenges in implementing AI, such as data privacy concerns, lack of skills, and regulatory issues. This research proposal aims to study the benefits, challenges, and future prospects of AI application in business. The research will be conducted using a mixed-methods approach, including a survey questionnaire and interviews. The expected outcomes of the study are a comprehensive understanding of the benefits and challenges of AI application in business, identification of the factors that affect the implementation of AI in business and an analysis of the future prospects of AI application in business. The findings of the study will be beneficial to businesses that are considering implementing AI and policymakers who are responsible for regulating the use of AI.

IAEME PUBLICATION, 2020

Speed and quality are the mantras for today’s business world and Artificial Intelligence has marked as significant game-changer in these in all business organizations. As businesses are becoming global and the future is more of machinebased work than human-based. Irrespective of the business volume, the new culture to adapt to AI machinery is a prominent need than a comfort. The trend is challenging the change itself. AI plays a significant role and becomes mandatory in business sustainability. Many of the businesses have become early adopters of AI and making the transactions esp. the customer service with FAQ at the top most importance. Every department in the business organization tries to implement and become best service providers for their customer questions. In this paper, the effect of AI in the business organizations and how the individual departments benefit from it is discussed and explained

International Journal of Advanced Computer Science and Applications

Artificial Intelligence (AI) has emerged as a transformative technology with profound implications for various sectors, including business. In recent years, AI has revolutionized decision-making processes by providing organizations with advanced analytical capabilities, enabling them to extract valuable insights from vast amounts of data. The application of AI in businesses may force the sector to rely on quicker, less expensive, and more accurate marketing techniques. By utilizing the AI in marketing strategies, a business owner may increase audience reaction and build a strong online brand that can compete with others. In addition to marketing, it has the capacity to remodel a business with fresh concepts. Additionally, it provides solutions for challenging problems, aiding in the enormous business growth. The study's primary goal is to investigate how artificial intelligence and decision-making are deployed in business and tried to explore how AI is being used to enhance decision-making processes and how it is changing business models. The study reveals that the role of artificial intelligence in business decision making is transformative, offering significant advantages in terms of efficiency, accuracy, and innovation. AI-powered systems enable businesses to process and analyze vast amounts of data efficiently, leading to quicker and more informed decision making. Overall, the integration of AI in business decision making has the potential to drive organizational success and shape the future of business practices.

AI is one of the emerging technologies with such a long record which is constantly changing and growing in the corporate world. We will explain the modern AI basics and various aspects, applications of AI, and its future in business throughout this paper. Many businesses benefit from AI technology by lowering operational expenses, improving efficiency, and expanding the customer base. AI is made up of a variety of tools that allow computers to process massive amounts of data using smart technologies such as machine learning and natural language processing. Many customers now value AIpowered everyday technologies such as credit card fraud detection, e-mail spam filters, and predictive traffic alerts. The field of artificial intelligence is shifting toward developing intelligent systems that can effectively collaborate with people, including innovative ways to develop interactive and scalable ways for people to teach robots. The Vehicle Integrated Artificial Intelligence System is the focus of this paper.

IEEE Engineering Management Review, 2024

The integration of artificial intelligence (AI) in business processes has revolutionized many industries by automating tasks, improving decision-making processes, and enhancing customer experiences. This review paper examines the impact of AI in business areas, including its applications, challenges, limitations, current trends, and future work. The paper begins with defining the importance of AI in business, followed by an overview of its applications in various sectors such as customer service, marketing, finance, healthcare, manufacturing, logistics, and human resources. The advantages and benefits of AI implementation are explored, along with examples of successful AI implementation and changes in business processes. The challenges and limitations of AI technology, such as ethical concerns, data privacy and security issues, technical expertise and knowledge, and high implementation costs, are explained. Current trends in AI integration, such as the integration of AI with other technologies, the growing demand for AI skills, and the development of more advanced and sophisticated AI algorithms, are presented.