International Research Journal of Engineering and Technology (IRJET)
e-ISSN: 2395-0056
Volume: 11 Issue: 09 | Sep 2024
p-ISSN: 2395-0072
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Reimagining Commerce with AI Ananya Srivastava1 1B.Com(Hons.) student, Amity University, Lucknow, Uttar Pradesh, India.
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Abstract - Artificial Intelligence refers to a technology that
Artificial Intelligence help the businesses to grow and excel by successfully achieving the desired objectives. Many big companies have changed their business strategies and have adopted artificial intelligence in order to meet customer demands more efficiently. Artificial Intelligence has significantly benefitted companies by improving data analysis, customer engagement, enhanced decision making and better strategic recommendations. It is also helping in optimizing workflow and streamlining operations. By the help of artificial intelligence, businesses can analyse huge amount of data and make data driven decisions, they can also predict future and identify consumer patterns. Artificial Intelligence provides a perspective which is unbiased thereby, making more fairer and better decision-making processes. Repetitive tasks and managing huge amount of data without human intervention can be easily done with the help of AI-powered tools and algorithms. These AI-powered tools greatly improve the accuracy of businesses and reduces the errors in various business activities.
enables machines and computers to perform problem solving tasks, making recommendations and analysing huge amounts of data. This technology acts as a chief support to modern computing system. Over the years, artificial intelligence has paved way to new business opportunities. Artificial Intelligence help the businesses to grow and excel by successfully achieving the desired objectives. The usage of artificial intelligence is acting as a door to opportunities for small organizations. The use of artificial intelligence is used in different sectors of the economy to streamline operations and optimize workflow. It has greatly helped in analysing huge amount of data. There are many global as well as Indian brands who have successfully adopted the strategy of artificial intelligence and have attracted new customers. The purpose of this paper aims to study about the worldwide usage of artificial intelligence and understand how various companies achieve their business goals using artificial intelligence. This paper offers views on artificial intelligence in today’s generation.
1.1 Advantages of Artificial Intelligence:
Key Words: Artificial Intelligence, Analysis, Data, ECommerce, Finance, Human Resource, AI tool, Chatbots, Customer Reviews, Personalized Products, AI Assistance.
1)Time saving- Artificial intelligence has significantly helped in analysing huge amount of data and performing repetitive tasks. This helps in saving time of the business and providing accurate and timely decisions about customer buying trends and patterns.
1.INTRODUCTION In the recent years, use of computer devices and technology has increased tremendously. People have started using computers as part and parcel of daily work requirements. Computers provide us a user-oriented experience for effective results. Artificial Intelligence refers to a technology that enables machines and computers to perform problem solving tasks, making recommendations and analysing huge amounts of data. Ideally artificial intelligence simulates human intelligence techniques through machines and achieve specific goals. This technology acts as a chief support to modern computing system. Artificial intelligence is widely used in many industries such as in science, government institutions and defence organizations. Some of the advance applications of artificial intelligence that are currently used are voice search assistants search engines like Google, Microsoft Edge, recommendation system like YouTube, Netflix, generative AI tools ChatGPT etc. In 21st century, artificial intelligence is very helpful in making data driven decisions, problem solving and achieving the desired goal on time. Artificial intelligence is successful in efficiently performing detail-oriented tasks more effectively than humans.
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2)Detail-oriented tasks- Artificial can easily accomplish advance tasks which involves determining relationships and data. This technology is very helpful in medical science for detecting cancer and melanoma. 3)Huge data task- Artificial intelligence with the help of automation and its tools can manage huge amount of data and analyses it without human intervention. This process is usually very helpful in complex data where there is always a chance of error. Artificial intelligence is widely used for data analysis in industries like finance, defence, hospitality and healthcare. 4)Availability- Artificial intelligence and its tools are available all the time. Humans can only work up to a certain limit but artificial intelligence makes work easier. That is why, artificial intelligence provides efficient and timely completion of tasks. 5) Promote inventions- Artificial intelligence always promote inventions and pave way for new technologies. Every field requires new technologies for smooth
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