THE ROLE OF ARTIFICIAL INTELLIGENCE IN SUPPORTING ECONOMIC AND MANAGERIAL DECISION-MAKING: AN APPLIED STUDY

This research aims to explore the role of Artificial Intelligence (AI) in enhancing decision-making processes within economic and managerial fields. By reviewing existing literature and analyzing previous studies, the research highlights the practical applications of AI, the challenges associated with its adoption, and the future prospects of its use in institutions. The study finds that AI significantly contributes to improving operational efficiency, providing accurate analyses, and supporting informed decision-making. However, it emphasizes the importance of addressing ethical concerns and overcoming technical barriers to maximize AI’s potential benefits.

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Publication Details

Journal
Journal of Contemporary Business Research
Published
2024-12-01
DOI
https://doi.org/10.21608/jcbre.2024.422435
Primary Topic
Impact of AI and Big Data on Business and Society
Type
article
Field-Weighted Citation Impact
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article

THE ROLE OF ARTIFICIAL INTELLIGENCE IN SUPPORTING ECONOMIC AND MANAGERIAL DECISION-MAKING: AN APPLIED STUDY

Wael Maged Badawy
Journal of Contemporary Business Research
Impact of AI and Big Data on Business and Society
article

THE ROLE OF ARTIFICIAL INTELLIGENCE IN SUPPORTING ECONOMIC AND MANAGERIAL DECISION-MAKING: AN APPLIED STUDY

Wael Maged Badawy
article en

Abstract

This research aims to explore the role of Artificial Intelligence (AI) in enhancing decision-making processes within economic and managerial fields. By reviewing existing literature and analyzing previous studies, the research highlights the practical applications of AI, the challenges associated with its adoption, and the future prospects of its use in institutions. The study finds that AI significantly contributes to improving operational efficiency, providing accurate analyses, and supporting informed decision-making. However, it emphasizes the importance of addressing ethical concerns and overcoming technical barriers to maximize AI’s potential benefits.

Journal of Contemporary Business ResearchVol. 1(1)
Egyptian Russian University (EG)
Peace, Justice and strong institutions
Openalex Percentile: Top 65%
Impact of AI and Big Data on Business and Society
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