The Benefits of AI and Automated Tasks On the Growth of Businesses
DOI:
https://doi.org/10.62802/eva7rx09Keywords:
AI, AI in business, Automated business, innovation, Increase productivity, reduce errors, boosting revenueAbstract
This paper explores how artificial intelligence (AI) and automation benefit businesses by reducing costs, improving productivity, and increasing efficiency. Using insights from industry surveys, like PwC’s AI adoption report, and examples such as Netflix’s recommendation system, it shows how AI is transforming industries and boosting revenue. The paper highlights the rapid growth of the AI market, expected to reach \$2 trillion by 2030, and compares automation with manual tasks, showing how automation requires less effort and reduces errors. A study on accounting automation reveals 30\% cost savings and a 40\% productivity increase. Finally, it examines the ideal balance between automation and manual work, emphasizing that a mix of both can maximize efficiency while keeping costs manageable. Overall, AI and automation are tools for innovation, helping businesses adapt, grow, and succeed in today’s fast-changing world.References
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