Artificial Intelligence in Industry: Transformations, Benefits, and Challenges

Authors

  • K. Parimalakanthi Associate Professor, Department Of Commerce, Sri Krishna Adithya College of Arts And Science – Coimbatore, Tamilnadu, India Author
  • N. Anandharaj PhD Research Scholar, Department Of Commerce, Sri Krishna Adithya College of Arts And Science – Coimbatore, Tamilnadu, India Author

Keywords:

Artificial Intelligence, Industrial Automation, Predictive Maintenance, Operational Efficiency, Data Security, Workforce Adaptation, AI Challenges, AI in Manufacturing, AI in Logistics, AI in Energy Sector

Abstract

Artificial Intelligence (AI) is revolutionizing industrial sectors by enhancing efficiency, optimizing processes, and driving innovation. This paper examines the role of AI across different industries, including manufacturing, logistics, and energy. It explores the transformative benefits of AI, such as improved operational efficiency and predictive maintenance, while also addressing the challenges of implementation, data security, and workforce adaptation. The paper concludes with recommendations for effective AI integration in industry to maximize its benefits while managing associated risks.

References

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Published

24-08-2024

How to Cite

K. Parimalakanthi, & N. Anandharaj. (2024). Artificial Intelligence in Industry: Transformations, Benefits, and Challenges. International Journal of Finance (IJFIN) - ABDC Journal Quality List, 37(4), 16-20. https://ijfin.com/index.php/ijfn/article/view/IJFIN_004_37_2_2024

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