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Artificial Intelligence and the Future of Businesses

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Industry, Innovation and Infrastructure

Part of the book series: Encyclopedia of the UN Sustainable Development Goals ((ENUNSDG))

Synonyms

Artificial intelligence (AI); Augmented reality; Automation; Deep learning; Machine learning; Robotics

Definitions

Artificial intelligence can be defined as the ability of a system to autonomously learn and interpret from external data and use that knowledge to do specific tasks and achieve particular goals through rational and flexible adaptation.

“Of all of the new technologies emerging in the late 20th century, the production of artificial intelligence may provide the most profound impacts on organizational decision making. “Laurence (1991, p.195).

Introduction

According to the International Data Corporation’s (IDC) worldwide Artificial Intelligence (AI) Systems Spending Guide, spending on artificial intelligence systems will reach $97.9 billion in 2023. The compound annual growth rate of AI for the 2018–2023 period is predicted to be 28.4%. The largest amount of AI technology–related spending is occurring in the retail and banking industries, each of which have invested...

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Author information

Authors and Affiliations

  1. Excelia Business School, CERIIM – Research Center in Managerial Intelligence and Innovation, La Rochelle, France

    Poonam Oberoi

Authors
  1. Poonam Oberoi
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Corresponding author

Correspondence to Poonam Oberoi .

Editor information

Editors and Affiliations

  1. European School of Sustainability, Hamburg University of Applied Sciences, Hamburg, Hamburg, Germany

    Walter Leal Filho

  2. Center for Neuroscience & Cell Biology, University of Coimbra, Coimbra, Portugal

    Anabela Marisa Azul

  3. Faculty of Engineering and Architecture, Passo Fundo University Faculty of Engineering and Architecture, Passo Fundo, Brazil

    Luciana Brandli

  4. HAW Hamburg, Hamburg, Hamburg, Germany

    Amanda Lange Salvia

  5. International Centre for Thriving, University of Chester, Chester, UK

    Tony Wall

Section Editor information

  1. University of Passo Fundo, Passo Fundo, RS, Brazil

    Luciana Londero Brandli

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Oberoi, P. (2021). Artificial Intelligence and the Future of Businesses. In: Leal Filho, W., Azul, A.M., Brandli, L., Lange Salvia, A., Wall, T. (eds) Industry, Innovation and Infrastructure. Encyclopedia of the UN Sustainable Development Goals. Springer, Cham. https://doi.org/10.1007/978-3-319-71059-4_145-1

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  • DOI: https://doi.org/10.1007/978-3-319-71059-4_145-1

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  • Publisher Name: Springer, Cham

  • Print ISBN: 978-3-319-71059-4

  • Online ISBN: 978-3-319-71059-4

  • eBook Packages: Springer Reference Earth and Environm. ScienceReference Module Physical and Materials ScienceReference Module Earth and Environmental Sciences

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