Artificial intelligence as a tool for improving key business processes of the enterprise

Authors

DOI:

https://doi.org/10.5281/zenodo.13284225

Keywords:

artificial intelligence, business processes, advantages, application, experience, implementation of AI

Abstract

The article reveals the essence of artificial intelligence, and it is determined that the concept of artificial intelligence unites various aspects and functions, which vary from operational processing of information and decision-making in real time to independent creation of knowledge and improvement through training. This broad concept covers both technologies for automating and optimizing processes, as well as methods for developing the intellectual capabilities of computer systems. Definitions provided by different researchers demonstrate the multifaceted and diverse approaches to understanding and applying artificial intelligence, which allows businesses and researchers to use its potential in different contexts.

 The author also considers the role of artificial intelligence as a powerful tool for improving key business processes of the enterprise. The author reveals how the implementation of AI technologies can transform various aspects of business, including management decisions, optimization of resources, automation of routine tasks and improvement of customer service.

The article examines in which areas of business the most common use of artificial intelligence. Particular attention is paid to the consideration of specific examples from real practice that demonstrate the effectiveness of using AI in solving business tasks.

Potential challenges and limitations associated with the integration of AI into business processes are also discussed, including data security issues, ethical aspects and the need for staff training. The article provides recommendations for the strategic implementation of AI to maximize benefits and minimize risks. The strategic implementation of artificial intelligence is a complex, but extremely beneficial process for optimizing business processes. Only careful planning, selection of appropriate technologies, change management, monitoring and risk management can ensure the maximization of benefits and the minimization of risks.

The results of the study confirm that artificial intelligence is able to significantly increase the efficiency of business processes, providing competitive advantages and contributing to the sustainable development of enterprises in the conditions of the modern market. AI opens up new opportunities for increasing efficiency, accuracy and innovation, which can significantly improve the competitiveness of the enterprise. The implementation of artificial intelligence is a complex but extremely important step for improving business efficiency. A strategic approach to the implementation of these technologies will help enterprises to make the most of their potential, ensure sustainable and ethical functioning, as well as reduce risks and operational shortcomings.

Published

2024-07-29

How to Cite

Derba, V. S. (2024). Artificial intelligence as a tool for improving key business processes of the enterprise. Achievements of the Economy: Prospects and Innovations, (8). https://doi.org/10.5281/zenodo.13284225