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Artificial Intelligence and its Role in Modern Business

Author

Listed:
  • Mariya Armyanova

    (University of Economics – Varna, Bulgaria)

Abstract

The Artificial Intelligence (AI) is entering all business domains. The development of business applications is based on modern information technologies, such as machine learning, neural networks, deep learning, IoT. AI can explore and analyze big data. The use of the artificial intelligence brings various advantages to businesses in different domains from marketing to medicine. It is important to compare the advantages of AI with some factors that complicate its wider application and to discover the dynamics of its business role. The report see the role and AI capabilities to aid the performance of different tasks in economics.

Suggested Citation

  • Mariya Armyanova, 2022. "Artificial Intelligence and its Role in Modern Business," Scientific Conference of the Department of General Economic Theory, University of Economics - Varna, issue 1, pages 184-191.
    • Handle: RePEc:vrn:oitcon:y:2022:i:1:p:184-191
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    File URL: https://conference.ue-varna.bg/oit2022/assets/Sbornik_dokladi_OIT_2022.pdf
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    More about this item

    Keywords

    Artificial Intelligence; Neural Networks; Deep learning; Machine learning; Economics;
    All these keywords.

    JEL classification:

    • C61 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Optimization Techniques; Programming Models; Dynamic Analysis
    • Q31 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Demand and Supply; Prices

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