Artificial Intelligence and Decision

Management
AI and decision management systems can help companies in making
valid decisions by providing up-to-date and relevant information and
performing analytic functions.
Companies base their decisions on data available from management
information systems as they reflect information that comes from the
operations of their company. Combining AI and decision
management systems can take decision-making to different levels.
AI’s capabilities help these decision management systems in
translating customer data into predictive models of key trends. This
has helped marketing and consumer departments in customizing their
efforts according to key demographics
AI AND DECISION MANAGEMENT:BENEFITS

AI has played a revolutionary role in automating both knowledge based

and non-knowledge based activities. Today, a huge amount of data is
used for generating various models on a weekly basis or even on a daily
basis, that help an organization in making decisions in fractional amounts
of time. This has helped in earning huge revenues for firms. But, humans
have their capacity to do work, they cannot be stressed beyond those
limits. Here, AI has played a pivotal role in extending these limits and
increasing profits. For example, some medical companies are
collaborating their decision management systems with AI for providing
recommendations for treatment of specific patients.
These systems help in bridging complex and dynamic information to
generate hypotheses. In the finance industry, decision management
systems with AI also act as a fraud detector. AI can play a defining role in
decision management systems by automating the requirements of the
financial markets, pushing the current limits, and taking the competition
to the next level.
AI can make your decision management system reliable and efficient and
thereby, assist you in making innovative products and earning good
profits.
Experts are now focused on developing commercial AI technology for
decision management systems in three particular sectors, which are e-
commerce, financial markets trading, and insurance.
Artificial intelligence has now become ubiquitous from the perspective of
consumers and organizations alike. Businesses have increased their
dependence on artificial intelligence for gathering data, developing
computing methods for automated perception, learning, understanding,
and reasoning with gathered data. Companies should now focus on
prioritizing the cultivation of technological innovation and take efforts in
order to stay ahead of competitors in the market.