Embedding artificial intelligence into business operations: an examination of AI on corporate social and economic development

Cuiping Liu and Jing Li

International Journal of Networking and Virtual Organisations, 2024, vol. 31, issue 3, 239-253

Abstract: AI optimises decision-making processes, streamlines business operations, and fosters innovation which ultimately drives competitiveness and growth of the corporates. AI's adaptive capabilities empower businesses to adapt to dynamic market conditions and stay at the forefront of technological advancements. The study presently explores the correlation of AI-embedded technologies toward social development (SOD) and economic development (ECOD). An insight examination of each AI technology such as predictive analytics, big data analytics, Internet of Things (IoT), virtual reality, blockchain, and neuromorphic computing was additionally validated by affirming the nexus of social and ECOD. It was deeply observed that each dimension of AI has a direct relationship with SOD. Likewise, the study assured a positive nexus between AI dimensions and ECOD.

Keywords: artificial intelligence; SOD; social development; ECOD; economic development; SEM; structural equation modelling; AI-enabled tools. (search for similar items in EconPapers)
Date: 2024
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