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AI-Driven Business Processes: Efficiency Gains, Cost Reductions, and Implications for Economic Performance | IEEE Conference Publication | IEEE Xplore

AI-Driven Business Processes: Efficiency Gains, Cost Reductions, and Implications for Economic Performance


Abstract:

In the rapidly evolving landscape of contemporary business, the infusion of artificial intelligence (AI) into operational frameworks has emerged as a pivotal catalyst for...Show More

Abstract:

In the rapidly evolving landscape of contemporary business, the infusion of artificial intelligence (AI) into operational frameworks has emerged as a pivotal catalyst for transformative change. This paper investigates the profound impacts of AI-driven business processes, shedding light on the realized efficiency gains, cost reductions, and their overarching implications for economic performance. As industries increasingly integrate AI technologies, understanding the nuanced dynamics and outcomes becomes imperative. A comprehensive literature survey underscores the current state of AI adoption, exploring success stories, challenges, and existing knowledge gaps. The proposed work positions itself as a pioneering endeavor to bridge these gaps, leveraging a robust methodology encompassing both quantitative and qualitative approaches. Through surveys, analytics tools, interviews, and case studies, the research aims to offer a holistic assessment of the multifaceted effects of AI on business operations. The implementation model outlines a practical framework for integrating AI, addressing key components such as data acquisition, model training, and system integration. The results section presents tangible evidence of efficiency gains and cost reductions achieved through AI, supported by statistical analysis and visual representations. In conclusion, this research not only illuminates the immediate benefits but also provides a foundation for understanding the broader economic implications of AI-driven business processes, offering insights crucial for organizations navigating the dynamic intersection of technology and commerce.
Date of Conference: 18-19 April 2024
Date Added to IEEE Xplore: 07 August 2024
ISBN Information:
Conference Location: Chikkaballapur, India

References

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