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INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT International Peer Reviewed & Refereed Journals, Open Access Journal ISSN Approved Journal No: 2456-4184 | Impact factor: 8.76 | ESTD Year: 2016 Scholarly open access journals, Peer-reviewed, and Refereed Journals, Impact factor 8.76 (Calculate by google scholar and Semantic Scholar | AI-Powered Research Tool) , Multidisciplinary, Monthly, Indexing in all major database & Metadata, Citation Generator, Digital Object Identifier(DOI) |
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| Paper Title: | Role of AI in Business Transformation |
| Authors Name: | Omkar Navale , Atul Udgirkar , Shivam Mishra , Rohan Kulkarni |
| Download E-Certificate: | Download |
| Author Reg. ID: |
IJNRD_208579
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| Published Paper Id: | IJNRD2311358 |
| Published In: | Volume 8 Issue 11, November-2023 |
| DOI: | |
| Abstract: | Artificial Intelligence (AI) has emerged as a transformative force in the world of business, reshaping industries and driving innovation at an unprecedented pace. This abstract provides an overview of the role of AI in business transformation, focusing on its potential to unlock competitive advantages and drive sustainable growth. In this digital era, organizations are increasingly harnessing the power of AI to optimize their operations, enhance decision-making processes, and improve customer experiences. AI-driven solutions encompass a wide range of applications, including data analytics, natural language processing, machine learning, and robotics, which enable businesses to streamline their processes, reduce costs, and gain insights from vast volumes of data. The adoption of AI is not limited to large enterprises; small and mid-sized businesses are also leveraging this technology to stay competitive and innovative. Through case studies and examples, this abstract illustrates how AI is being applied across various industries, from healthcare and finance to manufacturing and retail, demonstrating tangible benefits such as improved efficiency, personalized customer experiences, and predictive maintenance. Furthermore, AI is not only a tool for automation but also a catalyst for strategic decision-making. Business leaders are increasingly recognizing the value of AI-driven insights in guiding their long-term strategies. By analyzing historical data and real-time information, AI systems can provide recommendations for market positioning, resource allocation, and risk management, ultimately helping organizations adapt to rapidly changing business environments. However, the implementation of AI is not without its challenges. Concerns about data privacy, ethical considerations, and the need for skilled AI professionals are among the hurdles that organizations must overcome. To unlock the full potential of AI in business transformation, it is essential for companies to navigate these challenges effectively and establish a clear AI strategy aligned with their overarching business goals. |
| Keywords: | Automation ,Predictive analytics ,Process Optimization. |
| Cite Article: | "Role of AI in Business Transformation", International Journal of Novel Research and Development (www.ijnrd.org), ISSN:2456-4184, Vol.8, Issue 11, page no.d528-d543, November-2023, Available :http://www.ijnrd.org/papers/IJNRD2311358.pdf |
| Downloads: | 000118761 |
| ISSN: |
2456-4184 | IMPACT FACTOR: 8.76 Calculated By Google Scholar| ESTD YEAR: 2016 An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.76 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator |
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Published Paper ID:IJNRD2311358 Registration ID: 208579 Published In: Volume 8 Issue 11, November-2023 DOI (Digital Object Identifier): Page No: d528-d543 Country: Pune, Maharashtra, India Research Area: Computer Science & Technology Publisher : IJ Publication Published Paper URL : https://www.ijnrd.org/viewpaperforall?paper=IJNRD2311358 Published Paper PDF: https://www.ijnrd.org/papers/IJNRD2311358 |
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ISSN: 2456-4184
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