Leveraging AI in Managerial Decision-Making: Driving Innovation and Growth in Business Management

The study builds on the existing transformative role of Artificial Intelligence (AI) in managerial decision-making, with a focus on monetary management, accounting, and strategic business operations. By highlighting further AI integration insights in these critical fields, the study aims to enhance how AI can be further be leveraged to optimize decision and strategic outcomes. Through a case studies method and examples, the study demonstrated how leveraging AI to optimize decision making processes can improve businesses’ risk exposures, forecast market trends and deployment of novel resources. As such, AI tools like predictive analytics and portfolio optimization models in managerial finance, accurately help forecast optimal strategic finances and investments. In managerial accounting, it efficiently improves bookkeeping, audit, compliance tracking, and inventory management. While innovative, addressing the ethical and privacy implications regarding proprietary data, biases in the financial analysis can further sustain the overall decision making and future direction.