Smart Inventory System for Expiry Date Tracking
Volume-7 | Issue-2

AI based Identification of Students Dress Code in Schools and Universities
Volume-6 | Issue-1

Exploiting Vulnerabilities in Weak CAPTCHA Mechanisms within DVWA
Volume-7 | Issue-2

Gamification in Mobile Apps: Assessing the Effects on Customer Engagement and Loyalty in the Retail Industry
Volume-5 | Issue-4

Investigating Process Scheduling Techniques for Optimal Performance and Energy Efficiency in Operating Systems
Volume-6 | Issue-4

Classification of Remote Sensing Image Scenes Using Double Feature Extraction Hybrid Deep Learning Approach
Volume-3 | Issue-2

Review on Sanskrit Sandhi Splitting using Deep Learning Techniques
Volume-6 | Issue-2

Survey: Unconventional Categories of Chatbots that make use of Machine Learning Techniques
Volume-5 | Issue-3

Light Weight CNN based Robust Image Watermarking Scheme for Security
Volume-3 | Issue-2

Getis-Ord (Gi*) based Farmer Suicide Hotspot Detection
Volume-4 | Issue-2

AUTOMATION USING IOT IN GREENHOUSE ENVIRONMENT
Volume-1 | Issue-1

Principle of 6G Wireless Networks: Vision, Challenges and Applications
Volume-3 | Issue-4

Classification of Remote Sensing Image Scenes Using Double Feature Extraction Hybrid Deep Learning Approach
Volume-3 | Issue-2

Light Weight CNN based Robust Image Watermarking Scheme for Security
Volume-3 | Issue-2

VIRTUAL REALITY GAMING TECHNOLOGY FOR MENTAL STIMULATION AND THERAPY
Volume-1 | Issue-1

Design of Digital Image Watermarking Technique with Two Stage Vector Extraction in Transform Domain
Volume-3 | Issue-3

Analysis of Natural Language Processing in the FinTech Models of Mid-21st Century
Volume-4 | Issue-3

PROGRESS AND PRECLUSION OF KNEE OSTEOARTHRITIS: A STUDY
Volume-3 | Issue-3

Image Augmentation based on GAN deep learning approach with Textual Content Descriptors
Volume-3 | Issue-3

Comparative Analysis for Personality Prediction by Digital Footprints in Social Media
Volume-3 | Issue-2

Home / Archives / Volume-5 / Issue-4 / Article-5

Volume - 5 | Issue - 4 | december 2023

Exploring the Significance of AI through Chi-Square Testing in Business Decisions Open Access
Olayemi Michael Awoeyo   75
Pages: 385-403
Cite this article
Awoeyo, Olayemi Michael. "Exploring the Significance of AI through Chi-Square Testing in Business Decisions." Journal of Information Technology and Digital World 5, no. 4 (2023): 385-403
Published
24 January, 2024
Abstract

A computer system capable of performing operations like speech recognition, visual perception, decision-making, and language translation would typically need human intellect. Thanks to artificial intelligence (AI), this is now feasible. AI, the general term for any intelligent computer program, includes machine learning as a subset. To put it another way, not all AI is machine learning, but all machine learning is AI, and so on. The study of machine learning (ML) is a burgeoning discipline with many promising directions for future advancement in various techniques and uses. This study explores the effects AI and the ML in the decision made in the business. It also provides insights into how ML as well as AI are changing the landscape of analysis in business. A thorough examination of the literature survey and case study analysis, and expert interviewing as part of the materials and methods. The study's population consisted of all business owners in Lagos, Nigeria. A sample size of 185 business owners was selected using the convenience sampling technique. The primary instrument for data collection was a self-structured questionnaire. Online data was gathered, cleaned, coded, and recorded. Statistical Package for Social Scientists (SPSS 25.0) was used to code and evaluate the data collected. Descriptive statistics (frequency and percentage) were employed to assess the quantitative data collected from students and teachers, while the Chi-square test was used for inferential statistics with a significance level set at 5%. The findings revealed that machine learning algorithms employed does not significantly improve business analysis, and Natural Language Processing (NLP) significantly improves business analysis. It also revealed that the integration of AI with robotics significantly influences business processes and operations, and the effectiveness of planning and decision-making models within AI systems significantly improves business contexts. The study concludes by emphasizing the necessity of cooperation between companies, legislators, and other stakeholders and offers suggestions for businesses wishing to implement AI.

Keywords

Artificial Intelligence Business Analysis Machine Learning Descriptive Statistics Chi-Square Test.

×

Currently, subscription is the only source of revenue. The subscription resource covers the operating expenses such as web presence, online version, pre-press preparations, and staff wages.

To access the full PDF, please complete the payment process.

Subscription Details

Category Fee
Article Access Charge
15 USD
Open Access Fee Nil
Annual Subscription Fee
200 USD
After payment,
please send an email to irojournals.contact@gmail.com / journals@iroglobal.com requesting article access.
Subscription form: click here