Predictive Analytics and Natural Language Processing: Enhancing Leadership Decision-Making
Year: 2024
Type: article
Abstract: Artificial Intelligence has a big influence on leadership and decision-making in the twenty-first century. This abstract explores the beneficial relationship between Artificial Intelligence (AI) and leadership. This paper examines how AI supports decision-making by offering predictive analytics and actionable insights (effective decision-making). A key component of utilising AI for decision-making is natural language processing, which facilitates seamless interaction between humans and machines through sematic comprehension and sentiment analysis (understanding the emotion behind the message). Moreover, predictive analytics makes use of AI algorithms to predict possible outcomes and forecast future trends, reducing risk and maximizing resource utilization. Leaders may reduce risk, allocate resources more efficiently and promote innovation by utilizing AI. Just as Chanakya’s Arthashastra influenced administration in ancient India, Artificial Intelligence (AI) is fast emerging as a crucial advisor and guide for leaders today. The governance and strategy tents of Arthashastra are in line with contemporary AI-powered leadership, which supports well-informed choices based on thorough data analysis. A leader must carefully consider how their emotional intelligence, morality and real-world experience compare to the guidance given by AI. The most effective modern leaders will blend artificial intelligence’s computational proficiency with human traits like wisdom, empathy and judgement. This research draws on both modern AI developments and age-old wisdom from writings like Arthashastra, emphasising the necessity for leaders to embrace AI as a strategic ally in decision-making processes.
Authors: A. Divya Laxmi, K. M. Chandana
Language: English
Subfield: Artificial Intelligence
Field: Computer Science
Domain: Physical Sciences
Open Access status: hybrid
OpenAlex ID: W4408378022