scholarly journals Role of Artificial Intelligence for Development of Intelligent Business Systems

2021 ◽  
Author(s):  
Nehul Singh ◽  
Satyendra Chouhan
Keyword(s):  
Artificial Intelligence ◽  
Business Models ◽  
Management Strategies ◽  
Global Market ◽  
Business Systems ◽  
Customer Expectations ◽  
Business System ◽  
Fast Pace ◽  
Entrepreneurial Activities ◽  
The Impact

<div>Artificial intelligence has proven a matching technology to support multiple business system applications. This technology has been in use to reshape current business models and to provide innovative management strategies. Growing business competition among major players is also strengthening its applications. The business information system with use of artificial intelligence raises the competitiveness of enterprises in the global market. The fast pace of merging artificial intelligence and automation are propelling strategists to revise business models and to explore new possibilities to meet the customer expectations. This paper focuses on the impact of artificial intelligence on business systems. The article also presents an overview of influential academic achievements and innovations in the field of artificial intelligence and their solutions for entrepreneurial activities. In the end, we intend to discuss important points spurred around us in today’s scenario about the challenges and future of artificial intelligence.</div>

scholarly journals Role of Artificial Intelligence for Development of Intelligent Business Systems

2021 ◽  
Author(s):  
Nehul Singh ◽  
Satyendra Chouhan
Keyword(s):  
Artificial Intelligence ◽  
Business Models ◽  
Management Strategies ◽  
Global Market ◽  
Business Systems ◽  
Customer Expectations ◽  
Business System ◽  
Fast Pace ◽  
Entrepreneurial Activities ◽  
The Impact

<div>Artificial intelligence has proven a matching technology to support multiple business system applications. This technology has been in use to reshape current business models and to provide innovative management strategies. Growing business competition among major players is also strengthening its applications. The business information system with use of artificial intelligence raises the competitiveness of enterprises in the global market. The fast pace of merging artificial intelligence and automation are propelling strategists to revise business models and to explore new possibilities to meet the customer expectations. This paper focuses on the impact of artificial intelligence on business systems. The article also presents an overview of influential academic achievements and innovations in the field of artificial intelligence and their solutions for entrepreneurial activities. In the end, we intend to discuss important points spurred around us in today’s scenario about the challenges and future of artificial intelligence.</div>

scholarly journals Artificial Intelligence on Future Aspects

2021 ◽  
Vol 58 (2) ◽  
pp. 401-414
Author(s):  
Dr. Indradeep Verma Et al.
Keyword(s):  
Artificial Intelligence ◽  
Business Models ◽  
Weather Forecasting ◽  
Field Research ◽  
Research Field ◽  
Second Phase ◽  
The Future ◽  
Fast Pace ◽  
Present Event ◽  
Applications Of Ai

As Artificial Intelligence(AI) is emerging in this century,it can be seen as it is going to take most of the humans’ tasks soon.Artificial Intelligence is widely used in all the fields whether it is medical field,research field,automatic vehicle system,Business models of market,weather forecasting and much more.If the future prospects of AI to be highlighted, then the main focus are on how AI will impact on lifestyle of people and how will our society and industries going to change.In this research paper,the AI growth and its applications will be highlighted in three phases.In the first phase the past events of AI and its growth is discussed,the second phase covers the present event and applications of AI and in the last phase,the future(after 10 years) aspects and its applications will be highlighted.As the world is growing in the fast pace and the information technology field is shaping every context of market and research.

scholarly journals A Study of Impact of Cloud Computing and Artificial Intelligence on Banking Services, Profitability and Operational Benefits

2021 ◽  
Vol 12 (6) ◽  
pp. 1617-1627
Author(s):  
Sadhana Tiwari, Shashank Bharadwaj, Dr. Sunil Joshi
Keyword(s):  
Artificial Intelligence ◽  
Cloud Computing ◽  
Business Models ◽  
Mobile Banking ◽  
Cloud Infrastructure ◽  
Regulatory Requirements ◽  
Banking Services ◽  
Virtual Tools ◽  
Confirmatory Factor ◽  
The Impact

Banks have seen a convergence in end-customer banking interactions over the last decade, owing to IT-enabled solutions and services such as Core Banking, Online Banking, Mobile Banking, Wallet, Wallets Kiosk Banking. The evolution of IT in the banking industry supports both banks and their clients. Banks' business models are now centered on delivering consumer joy via IT-enabled solutions and services. Cloud technology allows banks to follow a digital paradigm for providing novel channels, reducing TAT to market new offerings, fulfilling consumer expectations, and adhering to regulatory requirements at a lower cost. In constantly evolving technical paradigms, cloud-based solutions offer a higher value proposition to IT solutions and services. Device administrators can remotely assemble, upload, customize, and execute virtual tools to manage a business solution using cloud infrastructure. Furthermore, cloud IT technology can be scaled up or down at any time based on planned use and specifications without incurring high costs. To assess the impact of cloud computing and artificial intelligence in operational and service advantage Confirmatory factor analysis (CFA) technique is used. The thesis demonstrates how well the measured variables reflect the number of constructs and whether the estimation hypothesis is confirmed or rejected.

scholarly journals Artificial intelligence in business models as a tool for managing digital risks in international markets

2021 ◽  
Vol 92 ◽  
pp. 03005
Author(s):  
Luka Buntić ◽  
Mate Damić ◽  
Ines Dužević
Keyword(s):  
Artificial Intelligence ◽  
Literature Review ◽  
Business Models ◽  
Value Added ◽  
International Markets ◽  
Global Market ◽  
Significant Rise ◽  
Future Research ◽  
Local Market ◽  
New Type

Research background: Through the ongoing trend of digitalization, organizations competing in international markets are getting more exposed to different technology related risks. Globalization and technology support enabled small tech-based companies to scale and expand their business. On the other hand, this has also led to a significant rise of different types of threats. Companies engaged in the process of internalization are more exposed to digital risks than companies competing on the local market. In order to help their companies to manage digital risks, governments use relevant institutions and resources. However, many organizations still largely depend on their own capabilities. A growing number of organizations uses artificial intelligence in business models as a new type of response to digital risks. Artificial intelligence could be the missing link that will help connect organizational and government resources for successful management of digital risks. Purpose of the article: To shed more light on this understudied issue, we conducted a literature review on the use of artificial intelligence in business models as a tool for managing digital risks on the global market. Methods: Literature review. Findings & Value added: We analysed the key determinants of artificial intelligence, their use in business models, and the way it can help organizations manage digital risks. Literature review summarizes the most important research on the topic and proposes new avenues for future research.

scholarly journals Impact of Global Changes of the Pandemic Crisis on Business Models of Transport Companies

2021 ◽  
Vol 92 ◽  
pp. 01058
Author(s):  
Natalia Zhuravleva ◽  
Liana Chechenova
Keyword(s):  
Business Model ◽  
Coming Out ◽  
Business Models ◽  
Value Added ◽  
Global Market ◽  
Commodity Markets ◽  
Transport Sector ◽  
Global Changes ◽  
Transport Services ◽  
The Impact

Research background: The coming period of the world economy coming out of the pandemic crisis will seriously change the situation in the cargo and passenger segment. According to the assessment of the current situation, in the global market there is a violation of the usual ties between producers and consumers, an imbalance in transport flows associated with changes in demand. At the same time, in a crisis, rail transport is the main tool, since a significant amount of anti-epidemic protective equipment from China was transported by trains. It is clear that in the near future the dynamics of the market depends, first of all, on the further development of events and measures of state support for industries and businesses. Purpose of the article: The purpose of this research is to score the factors of the post-crisis state of transport sector: alterations in the gravity of commodity markets, modifications of valuable preferences assessment of the shipper and the passenger, that change the business model of transport companies. Methods: Standard methods of scientific research are used: theoretical and experimental; complex methods of analysis and evaluation of business models: a complex scheme for developing a business model, a canvas and a conceptual scheme of a business model; methods of qualitative data analysis. Findings & Value added: Factors changing the transport business model are systematized. The research estimates a change probability in the gravity of commodity markets towards Asian countries, the consequences of the influence of digital technology on the efficiency of the transport business and the shift in the value of transport services in the line of high speeds. It shows the impact of the post-pandemic economy, which has formed new habits, passenger behavior on passenger companies’ operations. The research justified crisis effects resulting in the deterioration of the competition in the transport markets.

Megatrends in Electronic Business

2011 ◽  
Vol 2 (1) ◽  
pp. 1-15 ◽  
Author(s):  
Marko Ovaskainen ◽  
Markku Tinnilä
Keyword(s):  
Qualitative Study ◽  
Small Businesses ◽  
Business Models ◽  
Limited Resources ◽  
Electronic Business ◽  
Entrepreneurial Opportunities ◽  
Core Competences ◽  
Digital Environments ◽  
Fast Pace ◽  
The Impact

This paper analyses the impact of megatrends of electronic business on small and medium sized businesses (SMEs). The limited resources of SMEs create particular challenges in surviving the fast pace of changes in electronic business. This paper discusses megatrends and presents a qualitative study of e-business trends. The authors reveal entrepreneurial opportunities for agile small businesses and emphasize the need to keep up with technology. They examine core competences and finding a role in networks, the creation of business models and processes, and the challenges of multi-channel digital environments. The main trends are analysed for their particular impact on SMEs, and directions for development needs in SMEs are discussed.

The impact of e‐business on supply chain management

2005 ◽  
Vol 25 (1) ◽  
pp. 55-73 ◽  
Author(s):  
Simon R. Croom
Keyword(s):  
Supply Chain ◽  
Supply Chain Management ◽  
Longitudinal Research ◽  
Customer Relationship ◽  
Business Systems ◽  
Chain Management ◽  
Content Type ◽  
Supply Chain Strategy ◽  
Business System ◽  
The Impact

PurposeE‐business systems and processes that use ubiquitous platforms such as web browser and internet have a profound impact on the management of inter‐organisational processes. Consequently, a major implication of e‐business is its impact on supply chain management. This paper focuses on the developments in e‐business system adoption and deployment in support of supply chain management.Design/methodology/approachThe research conducted for this paper was empirical in nature, involving an interview study with a large sample of organisations and selected case study visits. Analysis of the impact of e‐business on supply chain strategy also examines three representative areas of supply chain management – procurement, customer relationship management, and fulfilment process.FindingsE‐business systems deployment was also seen to act as a significant catalyst for each of the three areas examined, although this paper presents only the findings from the exploratory study.Originality/valueFrom the research analysis it was possible to develop a normative, five‐stage, model classifying the evolution of e‐business systems deployment for supply chain management. Finally proposes the need for longitudinal research to surface the underlying dynamics of e‐business adoption and deployment.

scholarly journals Women Entrepreneurship and Sustainable Business Development: Key Findings from a SWOT–AHP Analysis

2021 ◽  
Vol 13 (9) ◽  
pp. 5298
Author(s):  
Daniel Stefan ◽  
Valentina Vasile ◽  
Anca Oltean ◽  
Calin-Adrian Comes ◽  
Anamari-Beatrice Stefan ◽  
...  
Keyword(s):  
Business Model ◽  
Women Entrepreneurs ◽  
Business Models ◽  
Swot Analysis ◽  
Business Environment ◽  
Sustainable Business ◽  
Women Entrepreneurship ◽  
Four Dimensions ◽  
Entrepreneurial Activities ◽  
The Impact

This study highlights the perception of women entrepreneurs in Romania regarding specific drivers for a sustainable business model. This study uses a SWOT–AHP method to assess the importance of different factors that enforce or create barriers for the success in women entrepreneurial activities. SWOT analysis was conducted based on an extended literature review. An external expert in risk analysis assessed the importance of the SWOT analysis’ four dimensions—criteria. An AHP survey of 10 women entrepreneurs was conducted to evaluate the impact of each identified factor in sustaining or discouraging the success of their sustainable business model (SBM). The main results of the study present practical implications useful for designing a gender-balanced business environment. In the final part, the paper discusses women’s preference for the sustainable business model, the perceived importance of gender-related stereotypes for the development of sustainable business models, and the relevance of the new digital economy trend to Romanian women entrepreneurship.

scholarly journals Knowledge management strategies in companies: Trends and the impact of Industry 4.0

Upravlenets ◽  
2020 ◽  
Vol 11 (4) ◽  
pp. 82-96
Author(s):  
Maksim Kolyasnikov ◽  
Natalya Kelchevskaya
Keyword(s):  
Knowledge Management ◽  
Industry 4.0 ◽  
Business Models ◽  
Business Processes ◽  
Industrial Revolution ◽  
Management Strategies ◽  
Practical Significance ◽  
Strategic Vision ◽  
Intelligent Technology ◽  
The Impact

The existing business models essential for the creation of consumer value and, consequently, business competitiveness are now undergoing a transformation. Brand-new technological developments based on network integration, intelligent technology and flexible automation are becoming increasingly relevant: additional competitive opportunities appear, and knowledge management and intellectual capital management are becoming key business processes. When developing a strategic vision, it is important for companies to pick the relevant data out of the information flow about the external and internal environment and convert it into organizational knowledge, which is a core management resource. The paper analyses the experience of Russian and foreign companies in the introduction of scalable models focused on the widespread use of Industry 4.0 and establishes the principles and strategies of knowledge management that allow these companies to maintain their competitive positions in a strategic perspective. The theory of knowledge management and resource approach constitute the methodological framework of the present study. The general scientific methods of logical-structural analysis and systematization, as well as the contingency case study method were applied. The information base encompasses the case studies of six companies, retrieved from publicly available sources. The findings of the empirical research prove the feasibility of applying a situational approach to knowledge management: companies use different strategies for accumulating and sharing knowledge according to their maturity level and the area of implementation of Industry 4.0. Based on the results obtained, the authors develop a situational approach to the strategic knowledge management of companies that successfully apply the technologies of the Fourth Industrial Revolution. The theoretical and practical significance of the study lies in identifying common approaches to knowledge management under various conditions, which can be used to create the strategic vision of managers involved in the key decision-making process in companies.

scholarly journals The influence of trends in global environment development on business systems activities

2020 ◽  
Keyword(s):  
Business Strategy ◽  
Stable State ◽  
Business Environment ◽  
Comprehensive Assessment ◽  
Global Environment ◽  
Business Systems ◽  
Global Business ◽  
Business System ◽  
Environment Parameters ◽  
The Impact

Modern processes of economic development of business systems occur under the influence of the global environment, which requires constant monitoring, analysis, diagnosis and corrective action. The subject of research in the article is the development of business systems in the context of globalization. The purpose of the study is to study the impact of global development trends on business systems. To achieve this goal, the following tasks are set: to clarify the concept of "global environment"; to describe the structure of the global business environment; to determine its features; to outline the directions of diagnostics of the global environment; to characterize the factors influencing the global environment; to identify key parameters of development the global business environment; to identify trends in the global environment based on international ratings and development forecasts; to identify key factors that ensure changes in the global environment in order to form and implement strategies for business systems in the global environment. The research used methods of analysis, synthesis, comparison, systematization, generalization, system approach. The following results were obtained: it is proved that business systems operating in international markets constantly need to collect and summarize information about the global environment, comprehensive assessment of business environment parameters, identify trend changes in order to form and implement business strategy. Conclusions: identifying trends in the global environment ensures the stable state of the business system, its competitiveness, performance. The study of the impact of the global business environment on the activities of business systems allows for a comprehensive assessment, as well as to determine the priority factors of formation depending on the areas, areas of activity, types of business.

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