Role of AI in Business Transformation

Registration ID: IJNRD_208579

Published ID: IJNRD2311358

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Omkar Navale , Atul Udgirkar, Shivam Mishra , Rohan Kulkarni

Automation ,Predictive analytics ,Process Optimization.

Artificial Intelligence (AI) has emerged as a transformative force in the world of business, reshaping industries and driving innovation at an unprecedented pace. This abstract provides an overview of the role of AI in business transformation, focusing on its potential to unlock competitive advantages and drive sustainable growth. In this digital era, organizations are increasingly harnessing the power of AI to optimize their operations, enhance decision-making processes, and improve customer experiences. AI-driven solutions encompass a wide range of applications, including data analytics, natural language processing, machine learning, and robotics, which enable businesses to streamline their processes, reduce costs, and gain insights from vast volumes of data. The adoption of AI is not limited to large enterprises; small and mid-sized businesses are also leveraging this technology to stay competitive and innovative. Through case studies and examples, this abstract illustrates how AI is being applied across various industries, from healthcare and finance to manufacturing and retail, demonstrating tangible benefits such as improved efficiency, personalized customer experiences, and predictive maintenance. Furthermore, AI is not only a tool for automation but also a catalyst for strategic decision-making. Business leaders are increasingly recognizing the value of AI-driven insights in guiding their long-term strategies. By analyzing historical data and real-time information, AI systems can provide recommendations for market positioning, resource allocation, and risk management, ultimately helping organizations adapt to rapidly changing business environments. However, the implementation of AI is not without its challenges. Concerns about data privacy, ethical considerations, and the need for skilled AI professionals are among the hurdles that organizations must overcome. To unlock the full potential of AI in business transformation, it is essential for companies to navigate these challenges effectively and establish a clear AI strategy aligned with their overarching business goals.

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Omkar Navale , Atul Udgirkar, Shivam Mishra , & Rohan Kulkarni (November-2023). Role of AI in Business Transformation. INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT, 8(11), d528-d543. https://ijnrd.org/papers/IJNRD2311358.pdf

Volume 8 Issue 11, November-2023

Pages : d528-d543

Paper Reg. ID: IJNRD_208579

Published Paper Id: IJNRD2311358

Research Area: Computer Science & Technology 

Author Type: Indian Author

Country: Pune, Maharashtra, India

Published Paper PDF: https://ijnrd.org/papers/IJNRD2311358.pdf

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