Digital Transformation of Business and Influence of Artificial Intelligence

Abstract

The business environment is expanding and developing day by day. Due to these developments and drastic changes in business’s internal and external environment, every organization are trying to survive and to stand successfully in the Environment. In such a situation, organizations are focusing on the future scenario of business growth and development. Digital transformation is a Milestone in the Corporate world. It is a socio-technical process of applying digitizing techniques to broader social and institutional contexts that offer a technology-based infrastructure for Businesses involved. Digital transformation is backed by Digitalization, where Artificial Intelligence is a core technology based on the same. It will help in accelerating the digitalization of Supply Chain Management also. Most of these digital applications are processed and maintained through the cloud. Cloud networking is also a dominant technology, like Artificial Intelligence. This paper attempts to make a theoretical descriptive explanation of the digital transformation of business and the ascendancy of Artificial Intelligence. It also tries to look into the relationship between digitalization and Artificial Intelligence.