A Discussion on How Scaled Enterprises Can Effectively Develop Artificial Intelligence in the Context of Industry 4.0

Artificial intelligence (AI) is the main driving force of a new round of scientific and technological revolution; as a cross-product of computer science, advanced mathematics, cognitive psychology, and other disciplines, artificial intelligence has a milestone significance, which has a far-reaching impact on the economy, society, and culture, especially on large scale industry and international enterprises. Under its substantial spillover and radiation effect, it can effectively empower the covered departments and enterprises, accelerate the growth rate and development efficiency, and thus enhance the core competitiveness of enterprises. However, in the current landscape, despite the widespread adoption of artificial intelligence, notable gaps persist in its specific performance metrics, The data reveals a notable upward trend in the number of business failures in China over the last decade. Numerous enterprises have struggled to stay abreast of current trends, hindered by outdated facilities, products, and sluggish institutional updates, compounded by the repercussions of the global economic downturn. Amidst the backdrop of Industry 4.0, the instructive value of past experiences has diminished, intensifying the survival pressures faced by these enterprises. Thus, based on the current situation of AI development and application, this paper makes an analysis and discussion and provides instructions for the development of enterprises.

Authors

Publication Details

Journal
Strategic management insights.
Published
2024-10-06
DOI
https://doi.org/10.70088/rbd68752
Primary Topic
Digital Transformation in Industry
Type
article
Field-Weighted Citation Impact
0.00
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article

A Discussion on How Scaled Enterprises Can Effectively Develop Artificial Intelligence in the Context of Industry 4.0

Zhenglong Guo
Strategic management insights.
Digital Transformation in Industry
article

A Discussion on How Scaled Enterprises Can Effectively Develop Artificial Intelligence in the Context of Industry 4.0

Zhenglong Guo
article en

Abstract

Artificial intelligence (AI) is the main driving force of a new round of scientific and technological revolution; as a cross-product of computer science, advanced mathematics, cognitive psychology, and other disciplines, artificial intelligence has a milestone significance, which has a far-reaching impact on the economy, society, and culture, especially on large scale industry and international enterprises. Under its substantial spillover and radiation effect, it can effectively empower the covered departments and enterprises, accelerate the growth rate and development efficiency, and thus enhance the core competitiveness of enterprises. However, in the current landscape, despite the widespread adoption of artificial intelligence, notable gaps persist in its specific performance metrics, The data reveals a notable upward trend in the number of business failures in China over the last decade. Numerous enterprises have struggled to stay abreast of current trends, hindered by outdated facilities, products, and sluggish institutional updates, compounded by the repercussions of the global economic downturn. Amidst the backdrop of Industry 4.0, the instructive value of past experiences has diminished, intensifying the survival pressures faced by these enterprises. Thus, based on the current situation of AI development and application, this paper makes an analysis and discussion and provides instructions for the development of enterprises.

Strategic management insights.Vol. 1(8)
Industry, innovation and infrastructure
Openalex Percentile: Top 69%
Digital Transformation in Industry
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