BUSINESS TRANSFORMATION VIA ARTIFICIAL INTELLIGENCE –THE PATH OF NEW AGE BUSINESS

Registration ID: IJNRD_201452

Published ID: IJNRD2307165

DOI: Click Here to Get

DR J NITHYA , Sensudhir S , VAISHNAVI K.R

Artificial intelligence, Industrial revolution, Competitive environment, AI space

In today’s era, the role of technology is intruded in every life of a human. The upgradation of technology yields us a comfortable and efficient way of performing the task which is desired. At present many sectors started to find an efficient way of accomplishing the task in the desired time. So technological aspect has been handled by the industries to sustain itself in the sector for a long run perspective. So, the competitive environment forces to sustain a new technology in the business, for retaining the customers who were loyal to the company. Even a small sector has heavy competition between the companies, that were present inside the sector itself. Artificial intelligence is a program, that helps to obtain the result efficiently. Many companies started to adopt the new space, which consists of AI to tackle the inefficiencies, that are within the businesses. The first industrial revolution developed transportation which guided the business to transport goods from one place to another. The second industrial revolution leads to a new improvement in the field of electrical areas. The third industrial revolution starts to upgrade its manual things into computerized things. The fourth industrial revolution starts to focus on the areas of internet-of-things, cyber-based areas, and cloud computing. At present the globe has shifted from the fourth to the fifth industrial revolution, which consists of involving AI in businesses for fulfilling the customer's expectations as soon as possible. The role of industries in human life is important for the development of a country. So, the industrial revolution will peak the economic development within the country.

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DR J NITHYA, Sensudhir S, & VAISHNAVI K.R (July-2023). BUSINESS TRANSFORMATION VIA ARTIFICIAL INTELLIGENCE –THE PATH OF NEW AGE BUSINESS. INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT, 8(7), b588-b593. https://ijnrd.org/papers/IJNRD2307165.pdf

Volume 8 Issue 7, July-2023

Pages : b588-b593

Paper Reg. ID: IJNRD_201452

Published Paper Id: IJNRD2307165

Downloads: 000121982

Research Area: Management

Country: Coimbatore, Tamil Nadu, India

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