Examining the Present and Future Integrated Role of Artificial Intelligence in the Business: A Survey Study on Corporate Sector

Abstract

In the fast-moving world, it is noticed that every industry is developing gradually, but recently it is identified that the use of AI has become the talk of own. Therefore, this study is focused on gathering data regarding the AI on how it has transformed the entire world's corporate sector. The essential application AI in the business world helps the business to perform better in the corporate sector. In this paper, the critical role of artificial intelligence is to grow business in different sectors and also address its ethical and unethical issues. The paper has all the initial background and comprehensive literature regarding AI and machine learning. It is discovered how the technological world has been striving to take their business on to new heights, which requires updated technological changes in internal business activities. Companies can now effortlessly interact with their customers in making their application accessible for the end-users through implementing AI and machine learning. Companies are getting higher profitability and enhancing their performance and achieving economic advantages by integrated AI. Moreover, their technological developments will take human jobs in the future, so, it is suggested that humans should work on their skills and competencies so that they can deal with unemployment.

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“…Enterprises with AI technology can better identify and seize rapidly changing market opportunities and adjust their behaviors according to market needs, thereby responding to market changes. Many enterprises seek, learn, and use the knowledge required by AI, encouraging enterprises to develop new products faster and increase the speed of innovation (Jumani 2021 ; Lv et al 2021c ). In this process, the innovation performance of the enterprise is improved, and at the same time, AI will have a self-reinforcing effect, enhancing the ability of the enterprise to acquire and learn knowledge in the future.…”

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“…The potential impacts of AI on society are receiving increased attention due to the rapid growth of this technology during Industry 4.0 that is characterized by the integration of digital tools into various industrial processes, leading to the increased automation, data exchange, and smart management (Alenizi et al, 2023). Importantly, in-depth understanding the present state of AI applications and its effects make anticipate and prevent the potential risks that may arise in the future (Jumani et al, 2021). In the "present future", AI technology is already a significant attribute of societal development, and it also presents the opportunities for innovation and transformation in various spheres (Dwivedi et al, 2023).…”

أثر تفعیل تقنیات الذكاء الإصطناعی علی تعزیز أنشطة المراجعة الداخلیة "دراسة میدانیة"(باللغة الانجلیزیة)

“…Studio Jumani, A. K. (2021). Artificial intelligence application gives numerous benefits, which even man is unknown to it.…”