A Discussion on How Scaled Enterprises Can Effectively Develop Artificial Intelligence in the Context of Industry 4.0

Zhenglong Guo

Strategic Management Insights, 2024, vol. 1, issue 8, 1-11

Abstract: Artificial intelligence (AI) is the main driving force of a new round of scientific and technological revolution; as a cross-product of computer science, advanced mathematics, cognitive psychology, and other disciplines, artificial intelligence has a milestone significance, which has a far-reaching impact on the economy, society, and culture, especially on large scale industry and international enterprises. Under its substantial spillover and radiation effect, it can effectively empower the covered departments and enterprises, accelerate the growth rate and development efficiency, and thus enhance the core competitiveness of enterprises. However, in the current landscape, despite the widespread adoption of artificial intelligence, notable gaps persist in its specific performance metrics, The data reveals a notable upward trend in the number of business failures in China over the last decade. Numerous enterprises have struggled to stay abreast of current trends, hindered by outdated facilities, products, and sluggish institutional updates, compounded by the repercussions of the global economic downturn. Amidst the backdrop of Industry 4.0, the instructive value of past experiences has diminished, intensifying the survival pressures faced by these enterprises. Thus, based on the current situation of AI development and application, this paper makes an analysis and discussion and provides instructions for the development of enterprises.

Keywords: Artificial intelligence; Enterprise development; Management strategy (search for similar items in EconPapers)
Date: 2024
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