Impact of Artificial Intelligence on Managerial Decision Making
Synopsis
The use of artificial intelligence (AI) is fundamentally reshaping decision-making processes in management. This paper examines the adoption of modern AI technologies in managerial practices and explores how AI tools can augment human intelligence to improve both the quality and efficiency of decisions. Through a review of the literature and a focused analysis, we identified key areas and challenges in applying AI to managerial decision-making. The findings indicate that AI tools support managers by facilitating the collection of relevant and timely decision-making information. However, AI implementation also introduces challenges, including ethical and legal considerations—particularly related to data privacy—and highlights the need for managers to develop new skills to use AI tools effectively. The study further suggests introducing comprehensive training programs so that management can leverage AI’s potential while minimizing associated risks. This paper contributes to the ongoing debate on AI’s role in management by offering valuable insights for both researchers and practitioners aiming to integrate AI into their decision-making processes.