The Role of Artificial Intelligence in Strategic Decision-Making Opportunities, Challenges, and Implications for Managers in the Digital Age

Abstract: This article examines the role of artificial intelligence (AI) in strategic decision-making and its implications for managers in the digital age. As AI continues to transform the business landscape, opportunities arise for enhanced data-driven decision-making, innovation, and organizational agility. However, challenges related to ethical considerations, data security and privacy, and integration and implementation remain. Managers must adapt by developing a comprehensive understanding of AI applications, fostering an AI-ready organizational culture, and ensuring ethical and regulatory compliance. The article also highlights the need for future research to explore new AI applications, industry-specific impacts, and best practices for integrating AI into strategic decision-making processes, as well as addressing ongoing ethical, regulatory, and implementation challenges. Keywords: Strategic Decision-Making, Artificial Intelligence, Managerial Implications, Data-Driven Decision-Making, Organizational Agility. Title: The Role of Artificial Intelligence in Strategic Decision-Making Opportunities, Challenges, and Implications for Managers in the Digital Age Author: Jackie Chong Cheong Sin, Vijayakumaran Kathiarayan International Journal of Management and Commerce Innovations ISSN 2348-7585 (Online) Vol. 11, Issue 1, April 2023 - September 2023 Page No: 73-79 Research Publish Journals Website: www.researchpublish.com Published Date: 10-May-2023 DOI: https://doi.org/10.5281/zenodo.7919645 Paper Download Link (Source) https://www.researchpublish.com/papers/the-role-of-artificial-intelligence-in-strategic-decision-making-opportunities-challenges-and-implications-for-managers-in-the-digital-ageInternational Journal of Management and Commerce Innovations, ISSN 2348-7585 (Online), Research Publish Journals, Website: www.researchpublish.co