ARTIFICIAL INTELLIGENCE IN BUSINESS MANAGEMENT AND INDUSTRIAL UPGRADING: APPLICATIONS AND EXPLORATIONS
DOI:
https://doi.org/10.61841/dw40qn42Keywords:
Artificial intelligence (AI), Industrial upgrading, Application of AI, Automation, Innovation.Abstract
Focussing on the revolutionary implications of artificial intelligence (AI) throughout several industries, the current study investigated the connection between AI applications and industrial upgrading. This research examined the ways in which AI tools like robots, machine learning, and predictive modelling have simplified operations, increased productivity, and encouraged innovative ideas in the corporate world. The capability of businesses to optimise resource utilisation, increase making choices, and accommodate to the increasing needs of worldwide markets was the primary focus in relation to AI. The results showed that AI was crucial in changing sectors from more conventional to more technologically orientated ones. Organisations experienced cost savings, quality improvements, and a decrease in errors in operations after implementing AI into their supply chain and manufacturing systems for management. In addition, businesses were able to enhance their competition and resiliency using machine learning-driven analysis of information, which allowed them to anticipate consumer demands, spot trends, and execute continual changes. The research also showed that AI had an effect beyond production in areas like medical care, electricity, and goods and services, where effectiveness and standard of customer service had improved dramatically. Usage of AI has also helped with conservation by encouraging more effective use of resources and aiding inventions that are kind to the environment. Finally, the study demonstrated that AI can be a driving force behind and some help in the process of industrial upgrading. AI has become an essential component in fostering modernisation in dynamic industries and encouraging advancement in the economy through its emphasis on effectiveness, versatility, and creativity.
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