CHALLENGES OF APPLYING AI IN THE BUSINESS SECTOR

Implementation of artificial intelligence in the business sphere is experienced a sharp increasing in recent years. Moreover, it is conditioned not only by the demand for speed, accuracy, and network communication of business processes, but also by the manifestations of the participation of artificial intelligence in management decisions. Receiving a Big Data, having the opportunity to systematize and process it, artificial intelligence in the business sphere is given tasks to make forecasts, solve problems of optimizing operations, and propose ways of positioning in the competitive market. However, on the other hand, with the use of artificial intelligence, the business sphere faces a number of technical, financial, and ethical challenges that require their own solutions. The article suggests ways to overcome the risks of using artificial intelligence in the business activity.

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Publication Details

Journal
Economics Finance and Accounting
Published
2025-04-17
DOI
https://doi.org/10.59503/29538009-2025.1.15-134
Primary Topic
Digital Transformation in Industry
Type
article
Field-Weighted Citation Impact
0.00
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article

CHALLENGES OF APPLYING AI IN THE BUSINESS SECTOR

Nune Sahakyan
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Economics Finance and Accounting
Digital Transformation in Industry
article

CHALLENGES OF APPLYING AI IN THE BUSINESS SECTOR

Nune Sahakyan
article en

Abstract

Implementation of artificial intelligence in the business sphere is experienced a sharp increasing in recent years. Moreover, it is conditioned not only by the demand for speed, accuracy, and network communication of business processes, but also by the manifestations of the participation of artificial intelligence in management decisions. Receiving a Big Data, having the opportunity to systematize and process it, artificial intelligence in the business sphere is given tasks to make forecasts, solve problems of optimizing operations, and propose ways of positioning in the competitive market. However, on the other hand, with the use of artificial intelligence, the business sphere faces a number of technical, financial, and ethical challenges that require their own solutions. The article suggests ways to overcome the risks of using artificial intelligence in the business activity.

Economics Finance and AccountingVol. 1(15)
Yerevan State University (AM)
Openalex Percentile: Top 90%
Digital Transformation in Industry
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CHALLENGES OF APPLYING AI IN THE BUSINESS SECTOR — Nune Sahakyan · Economics Finance and Accounting (2025) | TGRS Research Map | TGRS