Governing economic processes using artificial intelligence: conceptual foundation

Issue: № 2/2, 2020

Doi: https://doi.org/10.37634/efp.2020.2(2).3

Introduction. The article describes the main digital economy development directions on the way of improving business processes management by using modern information technologies. The digital economy is evolving at an incredible rate due to its ability to collect, use and analyze vast amounts of information. A common approach to digital management of the economy is based on the informational resources and their organization. Opportunity to combine external and internal economic information sources, the direction of information flows and modern methods of economic management arises because of local and general management goals and objectives. The purpose of the paper is to develop the management decision-making concept in the context of a dynamically changing environment. This concept should significantly reduce the role of personalized management components and enhance the role of the intellectual component - artificial intelligence. Results. As a result, the digital economy management concept is established, which works at all management levels, and is based on the development of intellectual information processing solutions – artificial intelligence for management and accounting personnel. Opportunities are analyzed for digitalization of the process of establishing the new model of managing the enterprise economical processes, and their practical use along with modern informational trends – artificial intelligence. As long as economical processes of Ukrainian business transform, a mature enterprise management approach should develop, which involves fulfilling six important points in order to fully rebuild the organizational structure. Conclusion. It’s proven that the mature business management approach should be built up while transforming economic enterprise processes. Using artificial intelligence is the key factor in making prudent management decisions and leads to decision transparency and customer trust.

Keywords : management, system, artificial intelligence, business process, digital economy

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