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Digital Transformation and Development of Enterprises Under the Background of Artificial Intelligence

In: Proceedings of the 2024 9th International Conference on Social Sciences and Economic Development (ICSSED 2024)

Author

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  • Shijie Wu

    (University of California, Department of Business Administration)

Abstract

Artificial Intelligence (AI) becomes popular in recent years, and it is a new technology that might change people’s lifestyles. AI can bring many benefits to people and companies, and most companies are trying to apply AI to their business. This change is related to digital transformation, which adopts AI and other digital technologies to drive intelligent workflows by using data to help managers make faster and smarter decisions. Competition in the AI market is fierce, to survive, companies have to make changes and adapt to AI and digital transformation. Under the background of AI and digital transformation, this article is going to analyze the development of enterprises and the prospects and challenges that enterprises will face. This paper argues that in the context of digitalization, enterprises should fully recognize the necessity of enterprise digital transformation and vigorously promote the advantages of artificial intelligence. Companies need to make effective use of information, such as big data, to develop transformation strategies. At the same time, it is necessary to pay attention to cultivating the information technology ability of technical personnel to meet the development needs of enterprises.

Suggested Citation

  • Shijie Wu, 2024. "Digital Transformation and Development of Enterprises Under the Background of Artificial Intelligence," Advances in Economics, Business and Management Research, in: Radulescu Magdalena & Bootheina Majoul & Satya Narayan Singh & Abdul Rauf (ed.), Proceedings of the 2024 9th International Conference on Social Sciences and Economic Development (ICSSED 2024), pages 177-182, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-459-4_22
    DOI: 10.2991/978-94-6463-459-4_22
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