{"id":3645,"date":"2024-03-04T16:05:39","date_gmt":"2024-03-04T10:35:39","guid":{"rendered":"https:\/\/journal.ipem.edu.in\/management\/?page_id=3645"},"modified":"2024-03-21T10:46:22","modified_gmt":"2024-03-21T05:16:22","slug":"the-role-of-artificial-intelligence-in-redefining-management-decision-making-a-paradigm-shift-in-business-operations","status":"publish","type":"page","link":"https:\/\/journal.ipem.edu.in\/management\/the-role-of-artificial-intelligence-in-redefining-management-decision-making-a-paradigm-shift-in-business-operations\/","title":{"rendered":"The Role of Artificial Intelligence in Redefining Management Decision Making: A Paradigm Shift in Business Operations"},"content":{"rendered":"\t\t
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The Role of Artificial Intelligence in Redefining Management Decision Making: A Paradigm Shift in Business Operations<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t Shivam Bhardwaj<\/em><\/a>,\r\n\t Dr. Mona Sahay <\/em><\/a>,\r\n\t Lakshay Sharma <\/em><\/a>\r\n\r\n\r\n\r\n\r\n

Vol 18 , Issue 1 , July 2023<\/a> | <\/span>Pages: 80-88\r\n <\/p>\r\n \r\n \t

DOI: 10.61691\/IPEM_Mgmt.18.2024.80-88 <\/a><\/p>\r\n\r\n

Published Online: July, 2024<\/span><\/p>\r\n

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  • \n \n \n \n Author Affiliations<\/span> <\/li>\n
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    Author Details<\/b><\/p>\n\n

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    1. <\/b> Shivam Bhardwaj, Sales & Marketing Executive-Uniglobe MKOV Travel, Noida, U.P., India<\/div>\n
    2. <\/b> Dr. Mona Sahay, Professor, IPEM, Ghaziabad & Certified Master Coach of Neuro Linguistic Programming, Gzb U.P., India<\/div>\n
    3. <\/b> Lakshay Sharma, Sales & Marketing Executive- Uniglobe MKOV Travel, Noida U.P., India<\/div>\n<\/div> <\/div>\n\t\t \n
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    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.<\/p>\n

    Keywords<\/p>\nArtificial Intelligence, Decision-Making, Business Operations, Machine Learning, Data-Driven <\/div>\n\t\t \n

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    1. Davenport, T. H., & Bean, J. (2019). The AI Advantage: How to Put the Artificial Intelligence Revolution to Work. Harvard Business Publishing.<\/li>\n \t
    2. Brynjolfsson, E., & McAfee, A. (2014). The Second Machine Age: Work, Progress, and Prosperity in a Time of Brilliant Technologies. W. W. Norton & Company. Marr, B. (2018). Artificial Intelligence in Business: How AI is Transforming Organizations. John Wiley & Sons.<\/li>\n \t
    3. Rahmati, M., Rostami, J., & Ghoddami, S. (2020). Artificial intelligence in organizational decision-making: A review of recent developments and future research directions. International Journal of Business Innovation and Research, 18(3), 496-511.<\/li>\n \t
    4. Lee, I., & Jun, S. (2019). Deep learning for business and management. Organization Science, 30(4), 819-846.<\/li>\n \t
    5. McKinsey Global Institute. (2017). Jobs lost; jobs gained: Workforce transitions in a time of automation. McKinsey Global Institute.<\/li>\n \t
    6. Hitt, M. A., & Frei, F. A. (2009). Cognition, context, and decision aids: An agenda for research on information systems and decision processes. MIS Quarterly, 33(1), 165-197.<\/li>\n \t
    7. Dhar, V., & Steinert, K. (2017). Decision making in a hyperconnected world: The role of big data and machine learning. Journal of the Academy of Marketing Science, 45(3), 306-321.<\/li>\n \t
    8. Boyd, M., & Crawford, K. (2018). Algorithmic justice: The sit-in protests for a known algorithm. Proceedings of the 2018 CHI Conference on Human Factors in Computing Systems, 1677-1688.<\/li>\n \t
    9. Davenport, T. H., & Patil, R. (2006). Data-driven decision making: For all business functions. Prentice Hall.<\/li>\n<\/ol> <\/div>\n\t\t \n
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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\u201388. https:\/\/doi.org\/10.61691\/IPEM_Mgmt.18.2024.80-88<\/p> <\/div>\n\t\t <\/div>\n <\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

      The Role of Artificial Intelligence in Redefining Management Decision Making: A Paradigm Shift in Business Operations Shivam Bhardwaj, Dr. Mona […]<\/p>\n","protected":false},"author":4,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"elementor_header_footer","meta":{"footnotes":""},"class_list":["post-3645","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/journal.ipem.edu.in\/management\/wp-json\/wp\/v2\/pages\/3645","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/journal.ipem.edu.in\/management\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/journal.ipem.edu.in\/management\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/journal.ipem.edu.in\/management\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/journal.ipem.edu.in\/management\/wp-json\/wp\/v2\/comments?post=3645"}],"version-history":[{"count":5,"href":"https:\/\/journal.ipem.edu.in\/management\/wp-json\/wp\/v2\/pages\/3645\/revisions"}],"predecessor-version":[{"id":3948,"href":"https:\/\/journal.ipem.edu.in\/management\/wp-json\/wp\/v2\/pages\/3645\/revisions\/3948"}],"wp:attachment":[{"href":"https:\/\/journal.ipem.edu.in\/management\/wp-json\/wp\/v2\/media?parent=3645"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}