The Impact of Artificial Intelligence on Strategic Decision-Making in Corporations

被引:0
作者
Rahate, Vaishali [1 ]
Band, Gayathri [2 ]
Naidu, Kanchan [2 ]
Kaluvala, Vijaykumar [3 ]
Verma, Smriti [4 ]
Malik, Maajid Mohi Ud Din [5 ]
机构
[1] Datta Meghe Inst Management Studies, Nagpur, India
[2] Ramdeobaba Univ, Nagpur, India
[3] KL Univ Hyderabad, MBA Dept, Hyderabad, India
[4] YCCE, MBA Dept, Wanadongri, India
[5] Dr D Y Patil Vidyapeeth Deemed Univ, Dr D Y Patil Sch Allied Hlth Sci, Pune, India
关键词
AI Adoption; Business Intelligence; Predictive Analytics; Artificial Intelligence; Strategic Decision-Making; Corporate Strategy; Organizational Performance; CHALLENGES;
D O I
10.63278/1345
中图分类号
TF [冶金工业];
学科分类号
0806 ;
摘要
The data-driven insights, predictive analytics, and automation capabilities of Artificial intelligence (AI) have made it a transformative factor in corporate strategic decision-making. This research examines how AI affects strategic decision-making processes in companies, as AI-powered tools can cut costs and driving uncertainty, increasing efficiency and ensuring a competitive advantage. Through case study analysis and empirical data across multiple industries, this research delineates crucial factors that govern AI adoption, such as data accessibility, corporate culture, and legal compliance. The study also provides analysis of accompanying challenges, including those surrounding ethics, algorithmic biases, and the role of human-AI collaboration. The results imply that although artificial intelligence greatly improves both the speed of decision-making and the accuracy of decisions, the effectiveness of AI is required balance, expertise, and ethical governance. This research adds to the growing discussion around using AI to inform corporate strategy, which is crucial for practice to advance and helpful to both business leaders and policymakers.
引用
收藏
页码:811 / 816
页数:6
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