Industrial Development and Global Competitiveness via Artificial Intelligence

J. Nithya; S. Sarojini; S. Tilaka; R. Varshini

doi:10.34293/sijash.v12i3.8210

J. Nithya Professor, Department of Commerce, Dr. N.G.P. Arts and Science College, Coimbatore, Tamil Nadu, India https://orcid.org/0000-0001-6372-6739
S. Sarojini Assistant Professor, Department of Commerce, Dr. G.R. Damodaran College of Science, Coimbatore, Tamil Nadu, India
S. Tilaka Department of Business Process Services, Dr. N.G.P. Arts and Science College, Coimbatore, India
R. Varshini Department of Business Process Services, Dr. N.G.P. Arts and Science College, Coimbatore, India

DOI: https://doi.org/10.34293/sijash.v12i3.8210

Keywords: Competitive Advantages, Sustainability Initiative, Cross-border Collaboration

Abstract

In today’s era of Industrialization and advancement in technology, the artificial intelligence has started reshaping industries worldwide, industries are boosted up with efficiency, more space for innovation, which eventually enhances competitiveness among them. This paper examines role of AI in global industrial growth, its influence on competitive edge and its anticipated future trends. AI has come up with applications like extrapolative maintenance, smart manufacturing tools and techniques, supply chain optimization methods, and to its peak it has started with innovation hubs. With these massive upgradations the industries are becoming ever more efficient and resilient. This study also highlights the potential of AI to support personalized production, robust changes in sustainability efforts, and foster cross-border trade and collaboration.