QR Code https://tubittumjournal.com/article/590
Research Article

The Role of Artificial Intelligence on the Development of Entrepreneurship for Businesses

Authors

  • Seyedehmona Modaresrad
  • Metanat Mohammadi Moghadam
  • Nashmil Khezeli
  • Seyyed Mahdi Hasani Golondani
  • Atefe Amirzadeh Vajargah
  • Maede Amirzadeh Vajargah
  • Adel Safaei
  • Mehdi Moradmand Lafmajan
  • Ali Farzpourmachiani
  • Simin Naghibi Masouleh
  •  Snjezana Baroness Rajacic
  • Mehrdad Fojlaley
  • Mehdi Farzpourmachiani

Abstract

The purpose of this article is to investigate the role of artificial intelligence on the development of entrepreneurship for businesses. As AI technologies become more pervasive in the workplace, businesses and other professionals need to familiarize themselves with the principles upon which these technologies are built, to assess their potential and weaknesses. In this regard, this article, with the aim of investigating the role of artificial intelligence on the development of entrepreneurship for businesses, uses these technology applications as a basis for discovering the challenges and opportunities of artificial intelligence algorithms in the global market. The use of artificial intelligence helps to improve the quality of products by choosing the right raw materials through technology. In addition, the use of artificial intelligence in business organizations helps to better manage the supply chain. Since the use of artificial intelligence helps to improve the delivery process and supply chain management and product quality, therefore, it leads to the development of customer service. Also, better customer service helps in getting good feedback from customers and helps in getting more loyal customers for companies. Therefore, the increase in the number of customers leads to the development of the company’s sales rate; At the same time, it helps to gain knowledge about market trends, and start-up businesses can improve their products; On the other hand, it is an innovative strategy to increase the sales rate of start-up businesses.

Modaresrad S, Mohammadi Moghadam M, Khezeli N, Mahdi Hasani Golondani S, Amirzadeh Vajargah A, Amirzadeh Vajargah M, Safaei A, Moradmand Lafmajan M, Farzpourmachiani A, Naghibi Masouleh S, Baroness Rajacic S, Fojlaley M. The Role of Artificial Intelligence on the Development of Entrepreneurship for Businesses. Tubittum. 2024; 3(1): 474-482.

1- Daneshnia, Mohammad; Samadi, Ali Hossein; Hadian, Ebrahim and Marzban, Hossein. (2021). Investigating the institutional barriers to entrepreneurship development and the government’s role in adjusting them; A case study of Iran. Economic Strategy, 10(1), 71-108.

2- Nazifi, Samira; Samii, Ruhollah; Shujaei, Samere and Meschimi, Mahmoud Reza. (2020). Presentation of entrepreneurial banking model in Sepeh Bank with foundation data theory approach, Future Management Research Quarterly, 31(121), 155-168.

3- Elwandi, Ali; Rahmati, Maryam and Hosseini, Seyedamad. (2022). Presenting a sports entrepreneurship development model in professional football league clubs: a mixed approach. Entrepreneurship Development Quarterly, 15(2), 202-221.

4- Dondapati, A., Sheoliha, N., Panduro-Ramirez, J., Bakhare, R., Sreejith, P.M. & Kotni, V.D.P. (2022). An integrated artificial intelligence framework for knowledge production and B2B marketing rational analysis for enhancing business performance. Materials Today: Proceedings, 56: 2232-2235.

5- Escandon-Barbosa, D., Rialp-Criado, J., Fuerst, S., Rodriguez-Orejuela, A. & Castro-Aristizabal, G. (2019). Born global: the influence of international orientation on export performance. Heliyon, 5(11): e02688.

6- Freddi, D. (2018). Digitalisation and employment in manufacturing: Pace of the digitalisation process and impact on employment in advanced Italian manufacturing companies. Ai & Society, 33(3): 393-403.

7- Govindan, K., Jafarian, A. & Nourbakhsh, V. (2019). Designing a sustainable supply chain network integrated with vehicle routing: A comparison of hybrid swarm intelligence metaheuristics. Computers & Operations Research, 110: 220-235.

8- Kamalian, A.R. & Fazel, A. (2011). Investigating the Relationship between Emotional Intelligence and Students’ Entrepreneurship (Case Study: Sistan and Baluchestan University). Entrepreneurship Development, 4(1): 127-146.

9- LeCun, Y., Bengio, Y. & Hinton, G. (2015). Deep learning. nature, 521(7553): 436-444.

10- Lee, L., Wong, P.K., Der Foo, M. & Leung, A. (2011). Entrepreneurial intentions: The influence of organizational and individual factors. Journal of business venturing, 26(1): 124-136.

11- Manne, R. & Kantheti, S.C. (2021). Application of artificial intelligence in healthcare: chances and challenges. Current Journal of Applied Science and Technology, 40(6): 78-89.

12- Minocha, S., Hristov, D. & Leahy-Harland, S. (2018). Developing a future-ready global workforce: A case study from a leading UK university. The International Journal of Management Education, 16(2): 245-255.

13- Nandhini, S. & Marseline, D.J. (2020). Performance Evaluation of Machine Learning Algorithms for Email Spam Detection. International Conference on Emerging Trends in Information Technology and Engineering, Ic-ETITE 2020. https://doi.org/10.1109/ic-ETITE47903.2020.312

14- Pallathadka, H., Ramirez-Asis, E.H., Loli-Poma, T.P., Kaliyaperumal, K., Ventayen, R.J.M. & Naved, M. (2023). Applications of artificial intelligence in business management, e-commerce and finance. Materials Today: Proceedings, No. 80: 2610-2613.

15- Paulraj, P. & Neelamegam, A. (2014). Improving business intelligence based on frequent itemsets using k-means clustering algorithm. Networks and Communications (NetCom2013) Proceedings of the Fifth International Conference on Networks & Communications, 284: 243-254.

16- Ransbotham, S., Kiron, D., Gerbert, P. & Reeves, M. (2017). Reshaping business with artificial intelligence: Closing the gap between ambition and action. MIT Sloan Management Review, 59(1): 1-17. National Science and Technology Council (US). Select Committee on Artificial Intelligence. (2019). The national artificial intelligence research and development strategic plan: 2019 update.

17- Samadi, A. H. (2018). Institutions and entrepreneurship in MENA countries. In Entrepreneurship Ecosystem in the Middle East and North Africa (MENA) (pp. 53-93). Springer, Cham.

18- Schneider, S. & Leyer, M. (2019). Me or information technology? Adoption of artificial intelligence in the delegation of personal strategic decisions. Managerial and Decision Economics, 40(3): 223-231.

19- Shetty, G., Datta, U., Rea, I., Rai, S., Hwang, M.J., Hoar, F. & Tan, M. (2021). Rapid implementation of triaging system for assessment of breast referrals from primary care centres during the COVID19 pandemic. The Annals of The Royal College of Surgeons of England, 103(8): 576-582.

20- Soni, N., Sharma, E.K., Singh, N. & Kapoor, A. (2020). Artificial intelligence in business: from research and innovation to market deployment. Procedia Computer Science, 167: 2200-2210.

21- Vishnoi, S.K., Bagga, T.E.E.N.A., Sharma, A.A.R.U.S.H.I. & Wani, S.N. (2018). Artificial intelligence enabled marketing solutions: A review. Indian Journal of Economics & Business, 17(4): 167-177.

Articles Search

Search with Article name or description

Search with Author's name