How AI Is Good For Modern Business Decision-Making

Author: Serenity Gibbons

Summary:

This Forbes article discusses the transformative impact of AI on business decision-making. It highlights Goldman Sachs’ prediction that AI could replace up to 300 million full-time jobs worldwide by 2030, but also notes the potential for a 7% increase in global productivity. The article outlines four key areas where AI is influencing modern business decisions:

Real Estate Investment:

AI tools like DealMachine are providing comprehensive valuation and lead-generation capabilities, uncovering hidden opportunities and aiding investors in making informed decisions.

Project Management:

AI and machine learning are being integrated into project management solutions like Airtable and Monday.com, automating tasks and improving workflow efficiency. Gartner’s prediction that AI could automate 80% of project management tasks by 2030 is mentioned.

Digital Information Synthesis:

AI’s role in enhancing search engine technology, particularly in synthesizing vast amounts of digital information to drive evidence-based decisions, is discussed. Google’s new Search Generative Experience (SGE) is cited as an example.

Consumer Behavior Analysis:

The article touches on the use of AI in predictive marketing and behavioral analysis, highlighting its ability to uncover hidden patterns and preferences in consumer behavior.

Key Insights:

AI’s Role in Enhancing Decision-Making:

AI is significantly transforming how business decisions are made, providing more data-driven insights and automating complex processes.

Impact Across Various Industries:

The article illustrates AI’s versatility, showing its application in diverse sectors like real estate, project management, and digital marketing.

Future Prospects of AI in Business:

The potential for AI to further advance and support human decision-making in business is emphasized, suggesting that AI is becoming an indispensable tool for modern business leaders.

Author: Adam Uzialko

Summary:

This article from Business News Daily, authored by Adam Uzialko, provides an in-depth look at how artificial intelligence (AI) is transforming the business landscape. It explains that AI is not just a futuristic concept but a present reality, deeply integrated into daily business operations. The article covers various aspects of AI in business, including machine learning, deep learning, and their applications in areas like cybersecurity, customer relationship management, and data analysis. It emphasizes that AI is not replacing human intelligence but rather augmenting it, helping in decision-making and streamlining business processes.

Key Insights:

AI’s Broad Impact on Business:

The article illustrates how AI is disrupting virtually every business process across various industries, from mundane tasks to complex decision-making processes.

Machine Learning and Deep Learning in Business:

It delves into the specifics of machine learning and deep learning, explaining how these technologies process large amounts of data and assist in complex functions like fraud detection.

AI as a Supportive Tool:

The focus is on AI as a tool that supports and enhances human capabilities in the business context, rather than replacing human roles.