Role of Artificial Intelligence and Machine Learning in Decision Making for Business Growth

Abstract

Necessity is the mother of invention. Artificial Intelligence is playing key role in the decision making of business growth. The paper discusses about the impacts of Artificial Intelligence and Machine Learning in the business decision making. Due to rapid change and advancement in the technology, there is impact of Artificial Intelligence and Machine Learning on businesses and global economy. Companies are using Artificial Intelligence and Machine Learning by taking more interest in their respective sector. Artificial Intelligence and Machine Learning are helping them to make their products and services more intelligent for the business growth. Literature review of Artificial Intelligence and Machine Learning related research paper is done that discussed the impact of Artificial Intelligence and Machine Learning for business growth and improvement. Various applications of Artificial Intelligence and Machine Learning in different domains are discussed. The literature review shows that Artificial Intelligence and Machine Learning have impacted human life quality and business growth. If decision makers wish to make benefits of Artificial Intelligence and Machine Learning for their businesses, they have to understand different Artificial Intelligence techniques and Machine Learning tools. They must focus on careful analysis of the risks and initial investment to avoid some common problems. It will help them to create value for their businesses.