ENHANCING COMPANY OPERATIONS THROUGH THE POWER OF ARTIFICIAL INTELLIGENCE – A MANAGEMENT AND LEGISLATIVE OVERVIEW
Abstract
Since times immemorial, innovate and innovation have been complementing each other. Over the centuries the concept of innovation has taken a leap from being man made to technological advancements. Gradually in the 21st century Artificial intelligence has taken over the complete realm.
The beginning of Artificial Intelligence (AI) has transformed corporate management, offering unique opportunities for efficiency, innovation, and strategic decision-making. This explores the transformative impact of AI on company management. Artificial Intelligence focuses on key areas such as operational optimization, human resource management, customer relationship management, and strategic planning. After analyzing and conducting a broader review of the present AI applications and case studies from diverse business sectors, we determine how AI technologies—ranging from machine learning algorithms to natural language processing, enhance managerial capabilities and drive business performance.
Moreover, this paper examines into the challenges, trends and ethical considerations associated with AI integration in management practices. There are certain important issues like data privacy, bias mitigation, and the changing role of human oversight are conducted to highlight the complexities of AI adoption.
The study provides a nuanced analysis of AI's potential and limitations that aim to support business owners and policymakers to take a next step in providing sustainable growth and competitive advantage. By making a competitive search and detailed analysis, we aim to offer practical insights and strategic recommendations for navigating the AI-driven landscape of modern corporate management.