Artificial Intelligence in Management: Impact, Challenges and Developments

The book deals with the implementation and impact of AI on organisations with a focus on society 5.0 and sustainability. Based not only on the metaverse and meta-analysis through systematic reviews but also using the empirical data, the chapters not only illustrate how AI has become useful in all functional areas of business but also addresses the challenges associated with implementation and impact. The book elaborates on the implementation process of AI in different organisations in different fields of management in the world. It also includes the impact studies of AI in different management fields and society. There is elaborate use of cases, from different organisations, in every chapter to provide accurate insights to readers. It also includes examples of using AI tools for precise forecasting, warehouse and inventory management, location planning, product line optimisation, recent trends especially big data, lean approach, internet of things (IoT), digitisation and cloud-based solutions agile supply chain networks, innovation capabilities for society 5.0, sustainability, operations & maintenance, human resources management, marketing, etc.

The book is meant for undergraduates, postgraduates, executives in companies, entrepreneurs, etc., encouraging hands-on learning on impact, challenges, and current developments in the use of AI in the current perspective highlighting how the most recent AI technology is getting integrated into the business world.