Transforming Business: The Role of AI in Modern Administration (A Review Study)
DOI:
https://doi.org/10.56830/WRBA03202504Keywords:
Modern Business, Artificial Intelligence, Transforming BusinessAbstract
Artificial Intelligence (AI) is poised to transform traditional practices in sectors such as accounting and auditing, emphasizing the critical need for precision and efficiency. This study explores the dual nature of AI as a catalyst for innovation and a potential source of ethical dilemmas, advocating for robust governance frameworks to address these challenges. A comprehensive literature review reveals that the integration of AI and machine learning in business administration signifies a profound shift in operational dynamics, facilitating clearer, more specific, and results-oriented business strategies. Companies leveraging these technologies are not merely adapting to industry changes but actively influencing the future landscape of their sectors. Furthermore, the research highlights the importance of fostering an AI culture within organizations, which enhances employee trust and collaboration regarding AI solutions. By prioritizing a unified approach to technology choices and infrastructure, businesses can mitigate fears associated with AI adoption and nurture a collaborative atmosphere. Ultimately, this work underscores the necessity of a balanced perspective on AI’s implications, ensuring stakeholders are aware of its benefits while addressing concerns around employment and ethical practices. The findings call for increased stakeholder awareness to navigate the complex interplay between technological advancement and its socio-economic impacts effectively.
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