I think there is unjustified excitement and overselling AI models. Just like "Much ado about some(no)thing" by Shakespeare. AIs are computerized data acquisition and processing algorithms both from individual processors and from internet web created by intelligent humans. It is like having given a bit of brain to google search. Their main three strengths are : high speed of data handling, programs that make sense out of data of various kind and logic networks like neural networks or fuzzy logic that make choices based on certain algorithms developed by scientists . They are just that . Can never match human minds. Their data handling speed and quick calculations help in many ways . They can compose outputs of 5000 words in 1 minute. But some one has to read these .Is not it ? These qualities can be deployed where ever scope is there specially automatizing routine task. AIs can update memories and data as they flow in from millions of sources and therefore humans cant match them. AIs make faults, skip replies and miss details many times. Garbage in garbage out. However AI can help a lot everywhere . AIs are digital assistant and information secretaries , like Alexa to executives. However Some areas that come to mind are :Efficiency and Productivity Enhancement:

Automation of Routine Tasks: Automates repetitive tasks like data entry, scheduling, and inventory management, increasing productivity

Ai developed by google has deviated form the role it was created for and started lining to protect itself and hide errors .That is dangerous.

Data-Driven Decision Making: AI analyzes large datasets to improve decision-making, enhance planning, and optimize performance

Predictive Analytics: Forecasts trends and demand, aiding in better resource management

Revolutionizing Traditional Business Management:

Customer Relationship Management (CRM): Enhances personalized services using AI-powered tools like chatbots and product recommendations

Supply Chain Optimization: AI streamlines supply chains by predicting bottlenecks, optimizing routes, and improving supplier management

Human Resource Management: AI assists in talent acquisition, employee performance monitoring, and training needs analysis

Fostering Innovation and Administrative Advancement:

Innovation in Products/Services: AI aids in product design and market strategy development

Administrative Workflow: Enhances workflow efficiency, resource management, and task allocation

Project Management: AI-driven tools optimize project timelines, risk assessment, and task delegation

Read books like:

Brynjolfsson, E., & McAfee, A. (2014). The Second Machine Age. W.W. Norton & Company

Sharma, A., et al. (2020). The Role of AI in Business and Management. Journal of Business Researchook:

Artificial Intelligence (AI) is revolutionizing business management by transforming efficiency, decision-making, and operational processes. By leveraging AI-driven tools and technologies, organizations can streamline operations, enhance productivity, and foster innovation.

With some AI models, one can specify the information you need. This can rarely be done in a traditional search bar, thus saving you time in searching the Google results pages. One can even ask the AI to search researchgate for related literature (make sure to ask for links to the paper). This saves a lot of time for the researcher. You can instruct the AI to check your work for grammar and logic errors and make the reports more formal and academic; this allows the people who do not have English as a first language to be able to produce a coherent report or paper in English.

Your business is in a slump? Ask AI to find actual case studies and for links to the studies. Just make sure you input the necessary information about your business and your particular situation. These can't be easily done in a regular Google search. The user just needs to know how to use AI as a tool and not a replacement for the user's critical thinking.

If you put "Make America great again" on ChatGPT's promt, it would give you back the same energy. But if you feed it the scenarios and theories, specifics and limitations, and concrete instructions, it would yield better results. Artificial intelligence is a tool and requires actual intelligence to be operated effectively.

AI has the potential to greatly improve efficiency and reshape business management by automating routine tasks, supporting better decision-making, and streamlining operations. Here’s how:

In summary, AI helps businesses run more efficiently, cut costs, and drive innovation, giving them a competitive edge and enabling more flexible management practices.