1. Artificial Intelligence: Opportunities and Challenges for Business.
- Author
-
Gaikwad, Anil Ankush and Barbate, Vikas Ananda
- Subjects
ARTIFICIAL intelligence ,INVESTMENTS ,DECISION making in business ,CORPORATE growth - Abstract
Artificial Intelligence (AI) has swiftly emerged as a transformative, dynamism and reforming numerous facets our lives. According to the International Data Corporation report spending on AI is projected to reach $97.9 billion by 2023. It means businesses across different industries embrace AI technology to improve their operations, gain a competitive edge, and unlock new opportunities for business. However, the increasing adoption of AI in business also pretence some challenges that must be addressed. In this article discussed the future of artificial intelligence, its opportunities, and identified major challenges in presents for business. This paper delivers insights into the current state of AI adoption and its potential for future growth to drive important progresses in business operations, including enlarged production, cost savings, and enriched decision-making. The paper concludes by providing recommendations for businesses looking to accept AI and highlights the need for a collective approach between businesses, policymakers, and other stakeholders. [ABSTRACT FROM AUTHOR]
- Published
- 2024