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The Future of Entrepreneurship: Employing Artificial Intelligence

The Future of Entrepreneurship: Employing Artificial Intelligence
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Author(s): Venkat Narayana Rao T. (Sreenidhi Institute of Science and Technology, India), Goboori Harsh Vardhan (Sreenidhi Institute of Science and Technology, India)and Kotamarti Sushanth (Sreenidhi Institute of Science and Technology, India)
Copyright: 2024
Pages: 18
Source title: Utilizing AI and Smart Technology to Improve Sustainability in Entrepreneurship
Source Author(s)/Editor(s): Syed Far Abid Hossain (BRAC University, Bangladesh)
DOI: 10.4018/979-8-3693-1842-3.ch009

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Abstract

The convergence of entrepreneurship and Artificial Intelligence is bringing a revolution in the business world. Recent technological advancements in the field of artificial intelligence are significantly impacting entrepreneurship and economic growth during the Fourth Industrial Revolution. This chapter investigates the combination of artificial intelligence and entrepreneurship offering the reader a perspective on the business landscape. The chapter aims to provide a framework to deploy actionable steps to stay ahead of competition and discuss about the application of AI in various industries like healthcare, finance and marketing. The chapter summaries many key strategies encouraging readers to embrace AI as a key element to their entrepreneurship strategy. AI will boost entrepreneurship by generating new knowledge, which will support economic growth. The aim is to serve as comprehensive guide for business leaders and innovators to explore full potential of AI in scaling up their future ventures.

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