Artificial Intelligence in Business and Industry

Abstract

In 21st Century Artificial intelligence (AI) has the potential to enhance every component of information system at the individual, organizational and societal level. However, AI technology is being developed and commercialized at an unprecedented speed because of that business and industries are trying to adopt this new technology.  From the last few years, we can see around large number of AI products are services are becoming a very essential part of day-to-day activities. The paper investigates on what is Artificial intelligence, trying to get an understanding on both positive as well as negative impact of AI on business and industries. The paper addresses the innovation in the AI, it impacts on business and future scope for business. The inference obtained from the research will provide a better understanding of how AI can help to transform the business operation and what is future scope of Artificial intelligence in business.