The Role of Artificial Intelligence in Redefining Management Decision Making: A Paradigm Shift in Business Operations

IPEM Journal Management > The Role of Artificial Intelligence in Redefining Management Decision Making: A Paradigm Shift in Business Operations

The Role of Artificial Intelligence in Redefining Management Decision Making: A Paradigm Shift in Business Operations

Shivam Bhardwaj, Dr. Mona Sahay , Lakshay Sharma

Vol 18 , Issue 1 , July 2023 | Pages: 80-88

DOI: 10.61691/IPEM_Mgmt.18.2024.80-88

Published Online: July, 2024

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Author Details

1. Shivam Bhardwaj, Sales & Marketing Executive-Uniglobe MKOV Travel, Noida, U.P., India
2. Dr. Mona Sahay, Professor, IPEM, Ghaziabad & Certified Master Coach of Neuro Linguistic Programming, Gzb U.P., India
3. Lakshay Sharma, Sales & Marketing Executive- Uniglobe MKOV Travel, Noida U.P., India

As the global corporate environment undergoes a dramatic digital revolution, the incorporation of Artificial Intelligence (AI) stands out as a vital factor in changing established paradigms. This study paper analyses the far-reaching impact of AI on managerial decision-making and its consequences on the fabric of corporate operations. The research attempts to untangle the many facets of this paradigm shift by exploring real-world applications, theoretical frameworks, and case studies that reveal the transformational influence of AI in decision-making processes. The paper investigates the emerging paradigm shift in traditional management techniques, focusing on the augmentation and, in some cases, redefining of decision-making processes via the incorporation of AI technology. The research intends to uncover the ways in which AI is transforming the decision-making environment within enterprises by analysing real-world applications and case studies. Enhancement of strategic planning, acceleration of data-driven insights, and betterment of operational efficiency are the main topics of study. This study intends to add to a thorough knowledge of the dynamic interplay between AI, management decision-making, and the larger implications for current business operations by exploring both the potential and problems associated with AI integration.

Keywords

Artificial Intelligence, Decision-Making, Business Operations, Machine Learning, Data-Driven
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Bhardwaj, Sahay, & Sharma. (2024, July 31). The Role of Artificial Intelligence in Redefining Management Decision-Making: A Paradigm Shift in Business Operations. Journal of IPEM, 18(1), 80–88. https://doi.org/10.61691/IPEM_Mgmt.18.2024.80-88