HOW AI IS FOSTERING THE FUTURE OF BUSINESSES, E-COMMERCE, FINANCE AND MANAGEMENT

Abstract

Artificial intelligence (AI) has been impacting various spheres of life. This study argues that AI has been variously impacting businesses, e-commerce, finance and management to a significant extent. Apart from observation, the study relies mainly on secondary data. It employs descriptive survey design, qualitative method, and both qualitative and quantitative tools for the analysis of data. The tools include objective interpretation, analytic description, systematic review, thematic analysis, figures and tables. The analysis shows that as AI continually revolutionizes businesses, e-commerce, finance, and management sectors as well as many other spheres, it greatly impacts them and fosters their future. The study concludes that through its human-like digital and technology-based models, AI has the capacity to foster the future of businesses, e-commerce, finance and management beyond what it has been doing currently. The study charges stakeholders to ensure increased integration of AI into the sectors and other spheres, while at the same time making concerted efforts to address the ethical concerns and other challenges of AI adoption.