Will companies in the future compete with applied increasingly perfect intelligent analytical systems developing predictive analytics for economic processes?

In the future, will companies compete with applied increasingly perfect intelligent analytical systems developing predictive analytics of economic processes, including information systems using generative artificial intelligence and Big Data Analytics technologies, which will improve the predictive analytics processes carried out within the framework of Business Intelligence and thus enhance the effectiveness of business, economic and financial analytics supporting the management process of an organization, enterprise, company, corporation, etc.?

With the development of applications of artificial intelligence technology in various fields of business activities of companies and enterprises, once again classical economics is enriched with new aspects of the growth of AI technology as an important factor of production. Research shows that the application of Industry 4.0/5.0 technologies, including but not limited to generative artificial intelligence technologies and Big Data Analytics can improve the processes of predictive analytics carried out within the framework of Business Intelligence, and thus the effectiveness of business, economic and financial analytics supporting the management process of an organization, enterprise, company, corporation, etc., can increase. As the application of new technologies Industry 4.0/5.0 can improve the processes of predictive analytics carried out within the framework of economic analysis supporting the management processes of business entities, so the issue of building more and more perfect computerized analytical systems becomes an important factor in the competitiveness of companies and enterprises. If the importance of this type of analytics supporting the management processes of economic entities increases in the coming years, it may lead to a situation in which in the future companies will compete with the application of increasingly perfect intelligent analytical systems developing predictive analytics of economic processes, including information systems using generative artificial intelligence and Big Data Analytics technologies, which will improve the processes of predictive analytics carried out within the framework of Business Intelligence and thus increase the effectiveness of business, economic and financial analytics supporting the management process of the organization, enterprise, company, corporation, etc.

I described the key issues of opportunities and threats to the development of artificial intelligence technology in my article below:

OPPORTUNITIES AND THREATS TO THE DEVELOPMENT OF ARTIFICIAL INTELLIGENCE APPLICATIONS AND THE NEED FOR NORMATIVE REGULATION OF THIS DEVELOPMENT

Article OPPORTUNITIES AND THREATS TO THE DEVELOPMENT OF ARTIFICIAL I...

And the applications of Big Data technologies in sentiment analysis, business analytics and risk management were described in my co-authored article:

APPLICATION OF DATA BASE SYSTEMS BIG DATA AND BUSINESS INTELLIGENCE SOFTWARE IN INTEGRATED RISK MANAGEMENT IN ORGANIZATION

Article APPLICATION OF DATA BASE SYSTEMS BIG DATA AND BUSINESS INTEL...

In view of the above, I address the following question to the esteemed community of scientists and researchers:

In the future, will companies compete with the applied increasingly improved intelligent analytical systems developing predictive analytics of economic processes, including information systems using generative artificial intelligence and Big Data Analytics technologies, which will improve the predictive analytics processes carried out within the framework of Business Intelligence and thus enhance the effectiveness of business, economic and financial analytics supporting the management process of the organization, enterprise, company, corporation, etc.?

In the future, will companies compete with applied increasingly improved intelligent analytical systems developing predictive analysis of economic processes?

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I invite everyone to join the discussion,

Thank you very much,

Best regards,

Dariusz Prokopowicz

The above text is entirely my own work written by me on the basis of my research.

In writing this text, I did not use other sources or automatic text generation systems.

Copyright by Dariusz Prokopowicz