An Analytical Approach to the Impact of "Artificial Intelligence" on Business in the Dynamically Changing Era of Disruptive Technology

As "Artificial Intelligence (AI)" & automation is growing, strategists are modifying their strategies of business. This encourages the inclusion of Artificial Intelligence into process of business, but the output of such adoption is uncertain & requires more exploration. This resea...

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Bibliographic Details
Published in2022 International Conference on Innovative Computing, Intelligent Communication and Smart Electrical Systems (ICSES) pp. 1 - 7
Main Authors Takhi, Chandan, Kler, Rajnish, Choubey, Somya, Patni, Ity, Negi, Sanjay
Format Conference Proceeding
LanguageEnglish
Published IEEE 15.07.2022
Subjects
Artificial intelligence
Automation
Deep learning
Economics
Entrepreneurship
Globalization
Implications
Innovation
Neo-Schumpeterian
Organizations
Technological innovation
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Summary:As "Artificial Intelligence (AI)" & automation is growing, strategists are modifying their strategies of business. This encourages the inclusion of Artificial Intelligence into process of business, but the output of such adoption is uncertain & requires more exploration. This research looks at overall impact of AI on organizations, including deployment of market, innovations, research, and prospective business model changes. A 3-dimensional model is created based on "Neo-Schumpeterian Economics" and its 3 forces, namely Entrepreneurship, Knowledge & Innovation to get access to this complete effect. The first component is focusing on artificial intelligence research and development. The second component investigates AI influence on global market and organizational strategic goals, while the third emphasizes on how AI is revolutionizing business settings. Furthermore, the study examined both the positive and negative effects of AI on agents.
DOI:10.1109/ICSES55317.2022.9914179