1. The Role of Artificial Intelligence in Enhancing Decision-Making Processes in Management: A Strategic Perspective.
- Author
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Gupta, Devesh, Agarwal, Swati, Shukla, Geetika, Rastogi, Robins, Mathur, Anurag, and Rana, Sachi
- Abstract
Management sciences have also found Artificial Intelligence (AI) as a revolutionary influencing factor to improve the decision making. This paper aims at discussing the place and importance of AI in enhancing precise, fast and effective decision-making within the framework of organizational management. AI means making use of machine learning, predictive analysis, natural language processing so that managers can make decisions based on data that helps to mitigate risks and enhance performance. The strategy of data processing, as well as pattern recognition and timely delivery of insights beneficial for both tactical and strategic decision making is also examined in the study. In addition, the paper result provides social implication such as ethical issues, required human supervision, and problematic aspects of artificial intelligence decision-making. Based on the studies of the case of different industries, this research points out that AI is a valuable tool for improving the managerial decisions and innovation, establishing competitive advantage. Thus, the results support the hypothesis that the organisations open to the application of AI in its decision making will have a more effective control over the business environments and increased overall performance. [ABSTRACT FROM AUTHOR]
- Published
- 2024