Artificial Intelligence And Machine Learning As Business Tools: A Framework For Diagnosing Value Destruction Potential

Abstract

This study shows the impact of AI and ML in business scenarios, bringing forth value creation, yet risks of value destruction also exist. The comprehensive review is the main purpose of the document. It gives detailed clarification of the methodologies, technologies and factors that affect the implementation of AI and ML. The framework for diagnosis of the risk areas is most relevant for the business, which consists of two parts: the risk reduction advice and the recommendation on how to maximize the created value. The study reiterates the role of knowing the patterns of the value creation and destruction relating to AI and ML implementation when the business is to be preserved.