Comprehensive Overview of Artificial Intelligence Applications in Modern Industries
It provides a broad overview of AI applications across industries, but it is incremental as it synthesizes existing knowledge without new findings.
This paper explores how AI is applied in healthcare, finance, manufacturing, and retail to enhance decision-making and optimize operations, discussing its impact on business outcomes and societal welfare.
Artificial Intelligence (AI) is fundamentally reshaping various industries by enhancing decision-making processes, optimizing operations, and unlocking new opportunities for innovation. This paper explores the applications of AI across four key sectors: healthcare, finance, manufacturing, and retail. Each section delves into the specific challenges faced by these industries, the AI technologies employed to address them, and the measurable impact on business outcomes and societal welfare. We also discuss the implications of AI integration, including ethical considerations, the future trajectory of AI development, and its potential to drive economic growth while posing challenges that need to be managed responsibly.