Role of AI in Business Strategy, Talent Acquisition, Learning and Development, and Change Management

Project

Contents
INTRODUCTION...........................................................................................................................3
TASK...............................................................................................................................................3
Role of AI in business..................................................................................................................3
Role of AI in managing strategy..................................................................................................4
Talent acquisition.........................................................................................................................5
Learning and development..........................................................................................................5
Change management....................................................................................................................6
CONCLUSION................................................................................................................................6
REFERENCES................................................................................................................................7

INTRODUCTION
Business agility can be improved by opting technology which facilitates in fast, effective and
efficient working of company’s task and processes without any error (Gil and et.al.,2020). Due to
pandemic, many business units have suffered loss because of closure of whole market. They
have faced many challenges in pandemic and many of companies collapse due to not meeting
fixed cost. But technology helps in uplifting companies after COVID-19. It plays a crucial role in
business operation and many companies have opted AI which can be used to understand
marketing trends and how they can affect business operations. This project report will cover role
of AI in shaping business strategies and how it can help in talent acquisition in relation to
management models and theories.
TASK
Technology becomes an integral part of every business industry as it facilitates in faster and
effective working in order to remain competitive in market. Prior to pandemic, many businesses
were relying on traditional approach and did not opted technology but after pandemic they
understand that technology have the ability to improve productivity and performance.
Role of AI in business
AI helps companies in various ways as its algorithms allows to collect data from various sources
and upon successful interpretation, provides with insights which can be used in formulation of
strategy. Following are some businesses in which AI is mostly used.
 Logistics –It is used by logistics companies who use freight trucks and flight in order to
find out efficient travel patterns based on ability of AI to sources information of route
distance, fuel consumption, overall cost and time (Canals and Heukamp, 2020). By this,
company can effectively choose best medium which is time saving as well as cost
effective.
 Healthcare – It is widely used by healthcare organisation in order to supplement
physician training and education. It also helps in reviewing medical records and based on
that provides treatment approaches and consultation like a digital assistant.