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Artificial Intelligence in Business

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Artificial Intelligence in Business: Asset or Liability? Source: Introduction to Business: For a Sustainable and Entrepreneurial Future Second Edition Heidi M. Neck, Ph.D. Christopher P. Neck, Ph. D. Emma L. Murray, B.A. Want more real-world business insights? Visit collegepublishing.sagepub.com/intro-business. N251803892 Improves Team Dynamics Recognizes achievements and supports virtual team bonding. How AI Drives Business Success Ethical Issues that Can't Be Ignored Breaks Language Barriers Real-time translation for global collaboration. AI Bias Data flaws can result in unfair decisions, particularly in sensitive areas like hiring or finance. Streamlines Routine Tasks Automates scheduling, document management, and workflows. Job Displacement Automation may affect employment as businesses rely on AI for efficiency. 24/7 Assistance Chatbots for round-the-clock customer support. Misinformation & Deepfakes AI-powered fakes can disrupt trust and communication. Boosts Creativity Helps in content creation, design, and engagement tools. Transparency & Accountability Complex algorithms raise questions about decision making and responsibility. AI can ignite innovation—but ethical use is essential to its success. AI is reshaping how businesses innovate, communicate, and grow. It offers tools to increase productivity, streamline operations, and enhance creativity. But along with these advancements come ethical concerns that must be considered.

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