AI Literacy in Business: Preparing Executives for Augmented Decision-Making

Adeyemi Olatunbosun, Loveth Itohan Obozokhai, Isaac Oluwaseyi Balogun, Idowu Joseph Akande, Jacob Miracle Godswill, Olukunle Akanbi and Joshua Okechukwu Egwuatu
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Adeyemi Olatunbosun: Robinson College of Business, Georgia State University, Atlanta, Georgia, United States of America.
Loveth Itohan Obozokhai: Robinson College of Business, Georgia State University, Georgia, United States of America.
Isaac Oluwaseyi Balogun: Robinson College of Business, Georgia State University, Atlanta, Georgia, United States of America.
Idowu Joseph Akande: Kogod School of Business, American University, Washington, D.C., United States of America.
Jacob Miracle Godswill: Rivers State University of Science and technology, Port Harcourt, Rivers State, Nigeria.
Olukunle Akanbi: Graduate College of Business and Leadership, National Louis University, FL, United States of America.
Joshua Okechukwu Egwuatu: University of Benin, Benin city, Computer Science, Nigeria.

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Abstract: This review examines the significance of AI literacy for corporate executives, highlighting its impact on enhanced decision-making and organisational leadership. As AI technologies are increasingly incorporated into business operations, leaders must cultivate the requisite abilities to utilise AI for strategic decision-making, competitive advantage, and operational efficiency. The study consolidates 38 papers published from 2020 to August 31st 2025, emphasizing the benefits of AI literacy, including greater data-driven decision-making, optimised resource allocation, and increased innovation. Nonetheless, obstacles such as the absence of standardised executive training, organisational reluctance, and time limitations hinder the extensive use of AI by business leaders. The review advocates for customised training programs, ongoing learning opportunities, and interdepartmental collaboration to enhance AI literacy among CEOs, thereby ensuring their adaptability in a swiftly changing technological environment. This study addresses the inadequately examined domain of executive AI literacy and offers practical recommendations for organisations aiming to incorporate AI into their leadership development initiatives.

Date: 2025-09-30
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Published in Journal of Economics and Trade, 2025, 10 (2), pp.150-162

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-05297512

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