Fundamental Theory for Successful A.I. Adoption in Industry

Abstract

The world, which was just globally flat (Friedman, 2005) earlier, has suddenly turned to ether and real-time decision making by systems has become the need of the hour.This transformation is ushering in the age of global digitization.This actuation towards transformation and digi tization (Kapur & Wong, 2020) has motivated businesses to look towards artificial intelligence (Huang & Rust, 2018) or A.I., as the only rel evant solution.However, A.I. is still young as a technology and in-spi te of all the drive and advancements that we have seen in recent times , the technology is neither matured nor standardized and unbiased.Henc e, formulating the theoretical principles for successful and safe A.I. adoption, has become a quintessential reality.This paper looks to rev iew and deliberate on the issue and drive discussions to lay down the five fundamental principles for successful A.I. adoption, which will l essen the burden of bias, owing to this new technology incubation and utilization.