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Synergizing AI and business: Maximizing innovation, creativity, decision precision, and operational efficiency in high-tech enterprises

Authors :
Muhammad Ali
Tariq Iqbal Khan
Mohammad Nisar Khattak
İrge ŞENER
Source :
Journal of Open Innovation: Technology, Market and Complexity, Vol 10, Iss 3, Pp 100352- (2024)
Publication Year :
2024
Publisher :
Elsevier, 2024.

Abstract

The study was conducted on 125 US based high-tech firms from software engineering, hardware production, biotechnology, and telecommunications. Senior-level executives, including CEOs, board members, and CTOs, provided insights through structured questionnaires. Key findings indicate that AI adoption significantly enhances organizational capabilities in terms of employees’ innovation, creativity, and experimentation. Moreover, AI adaptation positively impacts decision making thus yielding more accurate and timely valuable decisions. These findings contribute to both theoretical understanding and managerial practice by guiding strategic investments in AI technologies, fostering innovation, and advocating for ethical AI deployment practices. Future study should examine longitudinal impacts across industries and regions to optimize benefits and minimize risks in digital transformation efforts. It should also integrate qualitative methods for deeper insights and appropriate AI governance systems.

Details

Language :
English
ISSN :
21998531
Volume :
10
Issue :
3
Database :
Directory of Open Access Journals
Journal :
Journal of Open Innovation: Technology, Market and Complexity
Publication Type :
Academic Journal
Accession number :
edsdoj.bdddf63dac4e462d83f9a5c14ae679a6
Document Type :
article
Full Text :
https://doi.org/10.1016/j.joitmc.2024.100352