The Function of Artificial Intelligence in Large Data Analytics: Changing Decision-Making in Various Sector

Authors

  • Karthik Allam

DOI:

https://doi.org/10.53555/ephijse.v5i1.251

Keywords:

Artificial Intelligence, Big Data, Decision-Making, Predictive Analytics, Machine Learning

Abstract

By allowing the quick, precise & the perceptive analysis of vast, complex data, the combination of AI with Big Data analytics is transforming the companies. This strong combination helps companies to expose the hidden trends, forecast future directions & make wise decisions that support growth, efficiency & creativity. AI-driven analytics changes the patient treatments in healthcare by improving the diagnosis, streamlining treatment plans & strengthening the operational processes. While the retail sector uses Artificial Intelligences to estimate the demands, personalize shopping experiences & maximize supply chains, the banking sector uses it to spot fraud, lower the risks & give customized financial solutions. While logistics & the  transportation employ AI-driven analytics for route optimization & predictive maintenance, manufacturing uses it to improve the production processes and minimize downtime. Notwithstanding its transforming power, this integration presents challenges including ethical questions, data protection concerns & the need for complex infrastructure. Resolving these issues calls for strong data governance, transparency in AI models, and a focus on responsible AI development to provide equitable outcomes. Moreover, companies have to balance the complexities of adding artificial intelligence into present systems with improving labor skills to fit fast developing technology.

Author Biography

Karthik Allam

Big Data InBig Data Infrastructure Engineer at JP Morgan &Chase

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Published

2024-01-01