The Business and Sectoral Effects of AI

Imad A. Moosa ()

Chapter 3 in The Economics of Artificial Intelligence, 2025, pp 43-63 from Edward Elgar Publishing

Abstract: AI is revolutionising various sectors of the economy by transforming the way businesses operate. AI can be used across many business operations and functions to improve the accuracy and efficiency of processes such as inventory planning, logistics, financial analysis, sales forecasting and project management. AI algorithms can be used to analyse vast amounts of data in real time, identify patterns, and generate actionable insights that human decision-makers may overlook. By providing accurate and timely information, AI empowers businesses to make informed decisions that drive growth and profitability. AI has emerged as a disruptive force that is revolutionising various industries and sectors by boosting productivity, driving efficiency gains, accelerating innovation and creating value. However, the perceived benefits of AI may not be realised or realised to a less than full extent because of the technical challenges posed by the integration and deployment of AI.

Keywords: AI-powered pricing; Customer relationship management; AI-powered risk management; AI-powered user and event behaviour analytics; Predictive analytics; AI-powered diagnostic tools (search for similar items in EconPapers)
Date: 2025
ISBN: 9781035345854
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