The impact of artifacialintelligence on the development of busniess

Mihajlovski, Goran (2025) The impact of artifacialintelligence on the development of busniess. Knowledge-Capital of the future, 68 (1). pp. 17-22. ISSN ISSN(print):2545-4439, ISSN (e-version):1857-923X

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Abstract

Abstract: Artificial intelligence is a revolutionary technology that is significantly transforming business, enabling full automation, improved productivity, analysis of large amounts of data, and innovation across various industries. Artificial intelligence enables advanced modeling of business processes, resulting in more efficient decision- making based on data analysis.
Large corporations are investing significant resources in developing artificial intelligence algorithms that optimize the supply chain, reduce costs, and increase competitiveness. Through automated systems, companies can predict market trends, improve user experience, and create and personalize products and services. In the financial sector, artificial intelligence is used to detect fraud, improve credit scoring, and automate investment processes. Banking institutions are using machine learning to analyze vast amounts of data and minimize lending risks. Additiona lly, algorithms for predicting market movements enable faster and more accurate investments, which increases companies’ profits. In manufacturing, artificial intelligence is leading to increased efficiency through predictive maintenance and automated quality monitoring syste Industrial robots and smart factories enable increased productivity by minimizing human errors. Companies like Tesla and Siemens are actively implementing these technologies to create more efficient and sustainable production systems. In marketing and sales, artificial intelligence plays a key role in analyzing consumer behavior and personalizing marketing strategies. Large corporations use data processing algorithms to identify customer preferences, which enables targeted advertising campaigns and increased engagement. In fact, despite the numerous advantages, the application of artificial intelligence in business also brings serious challenges. Large technology companies and government institutions must cooperate to create clear guidelines and regulations that will guarantee the safety and fairness in the use of artificial intelligence. The need for appropriate education and training of the workforce is essential for the successful integration of artificial intellig
In conclusion, artificial intelligence is a powerful tool for businesses, enabling improved productivity, cost reduction and the creation of innovative products and services. However, to fully exploit its potential, a strategic approach, clear regulation and investment in human capital are necessary. With appropriate policies and careful implementation, artificial intelligence can become a key driver of economic development and the long-term sustainability of business companies.
Keywords: business company, artificial intelligence, competitive advantage

Item Type:	Article
Subjects:	Scientific Fields (Frascati) > Social Sciences > Economics and Business
Divisions:	Faculty of Biotechnical Sciences
Depositing User:	PhD Goran Mihajlovski
Date Deposited:	20 Feb 2025 16:11
Last Modified:	20 Feb 2025 16:11
URI:	https://eprints.uklo.edu.mk/id/eprint/10746

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