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Artificial Intelligence in Business: Present and Perspectives

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  • Adrian Nicolau

    (DECIDE Project-Institute of National Economy–Romanian Academy)

Abstract

This paper highlights the changes brought about by artificial intelligence (AI) systems on business. Developments in this area can complement the human decision-making process. Artificial intelligence can reshape companies, management and the innovation process. AI will continue to develop and modify the activity in various economic sectors, due to the high degree of adoption of new automation possibilities. Businesses will have more and more automated processes, but new processes will appear, in which human experts will be also needed. For example, AI may be used in the agricultural sector and may help farmers in their activities, at sowing, in crop and weather monitoring, pest control, harvesting, crop rotation, etc. Thus, AI may help farmers to adopt measures to improve crop quality.

Suggested Citation

  • Adrian Nicolau, 2021. "Artificial Intelligence in Business: Present and Perspectives," Romanian Journal of Economics, Institute of National Economy, vol. 52(1(61)), pages 93-101, June.
    • Handle: RePEc:ine:journl:v:52:y:2021:i:61:p:93-101
    as

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    References listed on IDEAS

    as
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    More about this item

    Keywords

    artificial intelligence; decision-making process; management;
    All these keywords.

    JEL classification:

    • M11 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Production Management
    • M15 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - IT Management
    • M54 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Personnel Economics - - - Labor Management
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D

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