In addition to this, it can create issues in enhancing business and participating in theīusiness companies are focusing on the concept of marketing for targeting a higher number ofĬustomers so that business growth can be ensured. Therefore, a lack of knowledge of AI can create issues in managing business operations Furthermore, the globalisation of theīusiness processes includes the procedure of controlling complex operations for managing aīusiness. Helps in enhancing and controlling business operations. Thus, it helps in performing operational tasks such as big data analysis that (2021) identified that AI helps in supporting IT (Information Technology) systems In addition to this, it is helping in analysing market trends andĬustomers’ tendencies for developing and modifying business strategies. Therefore, it can be stated that a lack of technical knowledge can create a delay in the The above figure shows different future uses of AI such as predictive maintenance and algorithm Therefore, it can be stated that a lack of knowledge of AI can lead to businessįailure in the era of business digitalisation.įigure 3: Future use of AI in the business filed Of the global AI market are rapidly adopting this technology has been 327 billion USD in 2021 Thus, it is helping in fulfillingĬustomers need so that business development can be ensured. Tasks such as analysing customers’ perceptions and tendencies. However, AI is helping business companies in performing different complex The process of growing business digitally is helping business companies in ensuring their That a lack of knowledge of AI can create issues in participating in the business globalisation That AI helps in globalising business through the digitalisation process. On the other hand, Ndung’u and Signe (2020) identified Therefore, it can be stated that gaining knowledge of AI has been necessary for ensuring business Managers have knowledge of AI and utilising it in their business processes (Statista, 2021). It can be seen that 78% of men and 74% of women Is helping them in growing their businesses. The above figure sheds light on the technical advancement of business managers in the UK that Technical knowledge is creating issues for them in ensuring proper utilisation of AI.įigure 2: Knowledge of AI among business managers Performing different operations such as personalising services and analysing databases. However, business companies are focusing on utilising AI for
Technical advancement has been necessary for ensuring business growth and experiencing higher Such as data breaches and therefore the government is also a stakeholder for this study.įurthermore, the study can facilitate academic researchers for conducting further studies based On the other hand, it can be helpful for the government to mitigate technical issues Therefore, managers and leaders of business companies are identified as stakeholders for this The study can be helpful for business companies in enhancing their business growth by utilisingĪI. RESEARCH PROPOSAL AND STUDY DESIGN Table of Contents Introduction.
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