Generative AI Boosts Business Productivity

Abstract

Artificial intelligence has the potential to be trained to sort through vast amounts of information and develop conclusions that may inform strategic decision-making. This has the potential to enhance the efficiency and effectiveness of decision-making inside enterprises. One of the most well-known ways that AI is being used to boost productivity is via the automation of repetitive chores. By using automation, businesses may free up employees’ time to focus on other, potentially more fruitful tasks, such as brainstorming or strategic planning. An increasing number of business procedures are using some kind of artificial intelligence (AI). Still, when applied to increasing productivity in businesses, it really shines. Insights from various AI technologies are offered in this chapter to help executives avoid cognitive biases, acquire insights from enormous volumes of data, and make strategic choices more quickly.

Практичні Рекомендації Щодо Використання Generative Ai В Бізнесі

“…Generative AI is transforming various sectors by enhancing business processes and decision-making. In works [2,3], general directions for the possible use of AI tools, particularly generative ones, to support decisionmaking processes and manage the behavior of economic agents in enterprises are presented, as well as the directions for obtaining economic benefits from the implementation of AI. In the study [4] highlights the applications of generative AI in software product management, such as idea generation and automatic code generation, while also addressing ethical concerns.…”