Impact of Artificial Intelligence on Business Strategy and Decision-Making

Title

Impact of Artificial Intelligence on Business Strategy and Decision-Making

Creator

Hada B.S.; Bharti H.R.; Rastogi S.; Saxena N.K.; Maheshwari A.

Description

Market analysis as knowledge-enhancement function, its use in internal politics, its abuse, and its ability to generate market understanding were recognised as the four key performance variables in market analysis. Profitability and bottom line may be increased, inefficiencies in corporate processes can be reduced, and other hidden insights can be uncovered by analyzing financial accounting transactions. The research focuses on the business strategy in decision-making using artificial intelligence. Reviewing existing research and providing recommendations. In this study, firstly collect the dataset finance data from Kaggle for the better-trained model. After that perform the pre-processing data for outlier removal. The implementation work is complete on the Python programming language. The results showed that the proposed KNN, the Decision tree model, achieved high accuracy. Businesses and organisations working in the field of artificial intelligence (AI) might greatly benefit from this research in terms of narrowing down the profiles that are certain to avoid in the future. The Author(s), under exclusive license to Springer Nature Singapore Pte Ltd. 2024.

Source

Lecture Notes in Electrical Engineering, Vol-1231 LNEE, pp. 307-326.

Date

2024-01-01

Publisher

Springer Science and Business Media Deutschland GmbH

Subject

Artificial intelligence; Business strategy; Decision tree; KNN

Coverage

Hada B.S., School of Commerce, Finance and Accountancy CHRIST (Deemed to Be University), Delhi, India; Bharti H.R., Institute of Commerce, Nirma University, Ahmedabad, India; Rastogi S., School of Commerce, Finance and Accountancy CHRIST (Deemed to Be University), Delhi, India, Institute of Commerce, Nirma University, Ahmedabad, India; Saxena N.K., School of Commerce, Finance and Accountancy CHRIST (Deemed to Be University), Delhi, India, Institute of Commerce, Nirma University, Ahmedabad, India; Maheshwari A., School of Commerce, Finance and Accountancy CHRIST (Deemed to Be University), Delhi, India, Institute of Commerce, Nirma University, Ahmedabad, India

Rights

Restricted Access

Relation

ISSN: 18761100; ISBN: 978-981975226-3

Format

Online

Language

English

Type

Conference paper

Identifier

https://doi.org/10.1007/978-981-97-5227-0_28

https://www.scopus.com/inward/record.uri?eid=2-s2.0-85214130081&doi=10.1007%2f978-981-97-5227-0_28&partnerID=40&md5=34ba4527af176fa05a67ca560f0b8633