Sarkar, Partha Sarathi
Business environment and AI: A review to understand the future - ASCI: Journal of Management - 52(2), Sep, 2023: p.57-69
The rapid advancement of Artificial Intelligence (AI) is profoundly reshaping the business environment, offering unprecedented opportunities for efficiency, innovation, and strategic advantage. This article provides a comprehensive review of the current and future implications of AI on the business trajectory. It explores the prevailing trends in AI adoption, including automation, data-driven decisionmaking, and personalized customer experiences. The review delves into AI applications across key industries such as healthcare, finance, retail, and manufacturing, highlighting significant contributions to operational efficiency and service enhancement. Additionally, it addresses the challenges associated with AI integration, notably data privacy and security, bias and fairness, the skill gap, and ethical considerations. The article concludes by examining the future implications of AI, predicting enhanced productivity, the emergence of new business models, competitive advantages for early adopters, and evolving regulatory frameworks. This review aims to equip business leaders and stakeholders with a nuanced understanding of AI's transformative potential and the strategic considerations necessary for its effective implementation.- Reproduced
https://scholar.google.co.in/scholar?q=Business+environment+and+AI:+A+review+to+understand+the+future+A+SCI+journal&hl=en&as_sdt=0&as_vis=1&oi=scholart
Strategic advantage, Business trajectory, AI adoption, AI integration, Business models.
Business environment and AI: A review to understand the future - ASCI: Journal of Management - 52(2), Sep, 2023: p.57-69
The rapid advancement of Artificial Intelligence (AI) is profoundly reshaping the business environment, offering unprecedented opportunities for efficiency, innovation, and strategic advantage. This article provides a comprehensive review of the current and future implications of AI on the business trajectory. It explores the prevailing trends in AI adoption, including automation, data-driven decisionmaking, and personalized customer experiences. The review delves into AI applications across key industries such as healthcare, finance, retail, and manufacturing, highlighting significant contributions to operational efficiency and service enhancement. Additionally, it addresses the challenges associated with AI integration, notably data privacy and security, bias and fairness, the skill gap, and ethical considerations. The article concludes by examining the future implications of AI, predicting enhanced productivity, the emergence of new business models, competitive advantages for early adopters, and evolving regulatory frameworks. This review aims to equip business leaders and stakeholders with a nuanced understanding of AI's transformative potential and the strategic considerations necessary for its effective implementation.- Reproduced
https://scholar.google.co.in/scholar?q=Business+environment+and+AI:+A+review+to+understand+the+future+A+SCI+journal&hl=en&as_sdt=0&as_vis=1&oi=scholart
Strategic advantage, Business trajectory, AI adoption, AI integration, Business models.