Year: 2024
Type: article
Abstract: Artificial intelligence (AI) is rapidly evolving in the modern world of the present, becoming more ubiquitous, and holds great potential to transform the management process. This cutting-edge technology has the potential to revolutionize the daily work of managers, their functions, and interactions. Over the next decade, we can expect even more rapid advances in the development process of artificial intelligence and its applications. Therefore, it is important to understand the significance of artificial intelligence and its potential impact on the management process. This technology is increasingly integrated in various areas of enterprise management. Artificial intelligence involves a variety of techniques and algorithms that allow computers to perform tasks that normally require human intelligence, such as transforming management through process automation, planning, organizing, storing large databases, improving decision-making, image recognition, language translation, saving money and time, and increasing efficiency in various business areas. These include machine learning, deep learning, and natural language processing. Artificial intelligence occupies a key role in modern management, enabling enterprises to be competitive in a rapidly changing business environment. Its implementation requires a strategic approach, but the benefits in the form of improved processes, greater accuracy, and a better understanding of data are of great importance for the advancement of management and the progress of enterprises in general.
Authors: M-S Boban Panovski, Dr.sc Aleksandar Stanković, M-S Filip Cvetkovic
Language: English
Subfield: Artificial Intelligence
Field: Computer Science
Domain: Physical Sciences
Open Access status: bronze
OpenAlex ID: W4405456848