The Role of Artificial Intelligence in Business Management: Opportunities and Challenges
Keywords:
Artificial Intelligence, Business Management, Data Privacy, Job Displacement, Ethical ConsiderationsAbstract
Artificial Intelligence (AI) has emerged as a transformative force in modern business management, reshaping industries and organizational processes across the globe. From enhancing decision-making capabilities to automating routine tasks and improving customer experiences, AI offers numerous opportunities for businesses to achieve operational efficiency, innovation, and competitive advantage. However, its implementation also presents various challenges, including data privacy concerns, job displacement, integration complexities, and ethical considerations. This paper explores the role of AI in business management by examining both the opportunities and challenges associated with AI adoption. Through a comprehensive review of existing literature and case studies from leading companies across diverse sectors, this paper provides valuable insights into how businesses can harness the potential of AI while addressing its inherent risks.
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