Generative AI and Multifactor Productivity in Business

Generative AI and Multifactor Productivity in Business

Indexed In: SCOPUS
Release Date: April, 2024|Copyright: © 2024 |Pages: 284
DOI: 10.4018/979-8-3693-1198-1
ISBN13: 9798369311981|ISBN13 Softcover: 9798369347324|EISBN13: 9798369311998
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Description & Coverage
Description:

As organizations grapple with the challenges of a dynamic market, the integration of Artificial Intelligence (AI) emerges not only as a technological progression but a strategic necessity. The transformative potential of AI, particularly through OpenAI, holds the promise of redefining operational paradigms, accelerating innovation, and unlocking unprecedented growth opportunities. However, lurking beneath this promise are challenges that demand urgent attention – from tailoring relevance for specific business units to ethical and safe integration practices. The specifics of how OpenAI can amplify labor productivity and enhance decision-making processes remain elusive. Generative AI and Multifactor Productivity in Business offers a guide surrounding the complexities of OpenAI's role in business operations. It contends that understanding OpenAI is not just beneficial; it is essential for organizations seeking to navigate economic uncertainties and unlock high levels of efficiency and growth.

The book delves into the effects of OpenAI on business, with a primary objective of illuminating the scholarly and practitioner-based contributions that push the boundaries of OpenAI in business research. This exploration encompasses applications of advanced generative AI tools, language models, and innovative technologies specific to diverse businesses across sectors, scales, and regions. It emphasizes that as AI becomes more seamlessly integrated into business processes, the potential for multifactor productivity to fuel economic growth, new industries, and job opportunities is unparalleled.

The book caters to businesses, industry leaders, academics, researchers, and policymakers. It beckons readers into a world where empirical and theoretical research converge to shape the future of OpenAI and multifactor productivity. With a wide variety of recommended topics, spanning from international business and global economic dynamics to labor market adaptation, ethical implications, and environmental sustainability, the book establishes itself as a resource for anyone seeking to understand, navigate, and capitalize on the intersection of OpenAI and multifactor productivity in the ever-evolving landscape of business.

Coverage:

The many academic areas covered in this publication include, but are not limited to:

  • Challenges of Measuring and Quantifying Open-AI and MFP
  • Consumer Behavior and Demand
  • Corporate Strategy and Business Models Applications
  • Economics of Open-AI and MFP
  • Ethical and Social Implications
  • Financial Markets and Asset Pricing Applications
  • Geography of Open-AI and MFP
  • Human Capital Development
  • Industry Transformation Applications
  • Innovation and Technological Progress
  • Innovation, Competition, and Performance
  • Intellectual Property Rights, Liability, and Regulation
  • Labor Market Adaptation
  • Multifactor Productivity in International Business
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Editor/Author Biographies
Festus Adedoyin is a Fellow of the Higher Education Academy and a Senior Lecturer at the Department of Computing and Informatics, Bournemouth University, U.K. Festus has led the Economics of Information Security unit since 2020, with current research interest is in the application of Machine and Deep Learning, and Econometrics tools to research stories in Energy and Tourism Economics as well as Finance and Digital Health.
Bryan Christiansen is an Adjunct Business Professor at Southern New Hampshire University and a co-Founder of the management consultancy, Soluvex, LLC (New Mexico), in the USA. He is currently Editor-in-Chief of the IGI Global Book Series, Advances in Digital Crime, Forensics, and Cyber Terrorism as well as Advances in Psychology, Mental Health, and Behavioral Studies. Christiansen is fluent in Chinese, Japanese, and Spanish, and is currently learning Russian. He is presently in Costa Rica to conduct primary research for a Reference book on Latin America and the Caribbean, and to establish a manufacturing plant for clean energy products and semiconductors in the region. Christiansen will give a presentation in New York City in 2025 for his work on organizational sociology. He has presented at several universities in other countries including Oxford University in the United Kingdom (2016). Bryan Christiansen es un profesor adjunto de negocios en la Southern New Hampshire University y cofundador de la consultora de gestión Soluvex, LLC (Nuevo México), en Estados Unidos. Actualmente es editor en jefe de la serie de libros IGI Global, Avances en delitos digitales, ciencia forense y terrorismo cibernético, así como Avances en psicología, salud mental y estudios del comportamiento. Christiansen habla chino, japonés y español con fluidez y actualmente está aprendiendo ruso. Actualmente se encuentra en Costa Rica para realizar una investigación primaria para un libro de referencia sobre América Latina y el Caribe y para establecer una planta de fabricación de semiconductores y productos de energía limpia en la región. Christiansen dará una presentación en la ciudad de Nueva York en 2025 por su trabajo sobre sociología organizacional. Ha presentado en varias universidades de otros países incluida la Universidad de Oxford en el Reino Unido (2016).
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