Role of Artificial intelligence the Development of Innovation

Abstract

Artificial Intelligence (AI) has been growing at a very fast pace for over the past two decades
and has reached a point where it acts as a new frontier in the fields of business, corporate
practices and government policies. With the aid of machines and technology, businesses have
been obtain in profound amount of positive impact both in term so productivity and
competitive advantage. Though it has become an indispensable part of certain areas of
businesses, there are a lot of other areas
whereitsviabilityhasnotbeenexploredyet.Althoughusageofadvancedtechnologyhasincreasedsinc
ethead vent of mechanization, not a lot of focus have been given on the usage of AI in the dayto-
day activities of an Industry due to its requirement of heavy investment and procession of
less knowledge of its conceptualization. This study mainly focuses on the future prospects of AI
in various fields of Industries and suggests the prospective areas in which AI could be
implemented in order to obtain most functionality. Therefore, the core aim of the study was
identify the areas of various Industries in which AI could be introduced or applied in order to
solve immensely difficult issues that requires addressing from something beyond the human
touch.