Artificial Intelligence in Business: Present and Perspectives

Adrian Nicolau
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Adrian Nicolau: DECIDE Project-Institute of National Economy–Romanian Academy

Romanian Journal of Economics, 2021, vol. 52, issue 1(61), 93-101

Abstract: This paper highlights the changes brought about by artificial intelligence (AI) systems on business. Developments in this area can complement the human decision-making process. Artificial intelligence can reshape companies, management and the innovation process. AI will continue to develop and modify the activity in various economic sectors, due to the high degree of adoption of new automation possibilities. Businesses will have more and more automated processes, but new processes will appear, in which human experts will be also needed. For example, AI may be used in the agricultural sector and may help farmers in their activities, at sowing, in crop and weather monitoring, pest control, harvesting, crop rotation, etc. Thus, AI may help farmers to adopt measures to improve crop quality.

Keywords: artificial intelligence; decision-making process; management (search for similar items in EconPapers)
JEL-codes: M11 M15 M54 O32 (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:ine:journl:v:52:y:2021:i:61:p:93-101

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