AI Tools for Business Challenges - A Boon to Entrepreneurs

The rapid technological developments in recent decades provide most effective expertise business environment for the Entrepreneurs. In this digital era, the Entrepreneurs need to respond quickly to the increasing demands from the consumers. Artificial intelligence (AI) is a dominant technology with machine learning capabilities, which are currently used in all the business sectors. A recent trend in Artificial Intelligence highly concentrates on the development of machine learning based applications which change the landscape of business industry. The emerging AI tools handles massive amount of business data efficiently and facilitate almost every business operation which in turn increases productivity. Eventually, the advance in technology also brings several business risks and challenges. This paper briefly describes the impact of Artificial Intelligence in Business and explores latest Artificial Intelligence applications and tools available in business environment which lowers the operational expenses and become boon for Entrepreneurs. This paper also discusses some of the major challenges in business and supportive AI tools which offers operative solution to overcome these challenges particularly in the three major business fields namely Finance, Marketing and Human Resources, as well as to improve the business efficiency.