The Role of Artificial Intelligence in Market Competition

Authors

  • Yuzhao Sun

DOI:

https://doi.org/10.54097/c8df3241

Keywords:

Artificial Intelligence, Market Competition, future development.

Abstract

The subject of the research is about the role of artificial intelligence in the market. With the rapid advancement of social technology, artificial intelligence is playing an increasingly significant role in the market. As a research topic within the field of business administration, artificial intelligence has profoundly transformed the business landscape. Both individual consumers and enterprises now heavily rely on the convenience brought about by artificial intelligence. From personalized recommendation systems to intelligent ad targeting, AI accurately meets consumer demands by analyzing vast datasets, thereby enhancing market efficiency. Moreover, artificial intelligence is making a significant impact in the realm of employee training. Machine learning-based training methods can personalize adjustments based on employees' learning progress and performance, thereby improving training effectiveness. Even in traditional fields such as driver training, virtual reality technology has been integrated to make learning more efficient and safer. All of these developments herald the trends in future market evolution, where artificial intelligence will become a key element for business success. As technology continues to progress, artificial intelligence will gradually evolve into an indispensable life necessity. It not only brings innovation and efficiency to the market but also offers individuals a more convenient and personalized way of living. Therefore, scholars and practitioners in the field of business administration have a responsibility to delve into the role of artificial intelligence in the market, in order to better grasp the opportunities and challenges in future business development.

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References

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Published

29-12-2023

How to Cite

Sun, Y. (2023). The Role of Artificial Intelligence in Market Competition. Highlights in Business, Economics and Management, 23, 157-161. https://doi.org/10.54097/c8df3241