IDEAS home Printed from https://ideas.repec.org/a/bja/isteus/y2024i4p46-56.html
   My bibliography  Save this article

Using artificial intelligence in administrative management: advantages and risks

Author

Listed:
  • Olha Kokorieva

    (Kherson national technical university)

Abstract

The article examines the advantages and risks of integrating artificial intelligence (AI) into administrative management. AI has become a crucial tool for automating routine tasks, enhancing analytical processes, and improving decision-making, thereby increasing the efficiency of management operations. The study explores technologies such as machine learning, neural networks, natural language processing (NLP), and robotic process automation (RPA), which are actively employed to optimize organizational workflows and adapt to dynamic environments. The risks associated with AI implementation are also highlighted, including concerns about data privacy, algorithm accuracy, and the reduction in employment opportunities due to automation. Ethical challenges, such as ensuring transparency in AI decision-making processes and adhering to legal frameworks like GDPR, are discussed. Furthermore, the study emphasizes the importance of strategies to mitigate potential threats, including workforce retraining, data security, and legal responsibility allocation. The research provides recommendations for effectively leveraging AI in administrative management to enhance organizational competitiveness in the era of digital transformation while maintaining a balance between innovation and associated risks.

Suggested Citation

  • Olha Kokorieva, 2024. "Using artificial intelligence in administrative management: advantages and risks," Economic Synergy, Higher Educational Institution Academician Yuriy Bugay International Scientific & Technical University, issue 4, pages 46-56.
    • Handle: RePEc:bja:isteus:y:2024:i:4:p:46-56
    DOI: 10.53920/ES-2024-4-3
    as

    Download full text from publisher

    File URL: https://es.istu.edu.ua/EconomicSynergy/article/view/225/164
    Download Restriction: no
    File URL: https://libkey.io/10.53920/ES-2024-4-3?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Keywords

    artificial intelligence; administrative management; automation; managerial processes; risks;
    All these keywords.

    JEL classification:

    • M15 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - IT Management
    • M12 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Personnel Management; Executives; Executive Compensation
    • M54 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Personnel Economics - - - Labor Management
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • L86 - Industrial Organization - - Industry Studies: Services - - - Information and Internet Services; Computer Software

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bja:isteus:y:2024:i:4:p:46-56. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Anna Duchenko (email available below). General contact details of provider: https://es.istu.edu.ua/EconomicSynergy .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.