This chapter constitutes a comprehensive exploration of the far-reaching
impact of Artificial Intelligence (AI) on the domains of commerce and economics. It
conducts a thorough analysis, meticulously concentrating on the intricate aspects of
analytics and decision-making. Within this dynamic landscape, the research not only
elucidates the transformative role of Artificial Intelligence in predictive and descriptive
analytics but also delves into its nuanced contributions to tracking market trends, risk
mitigation, and the enhancement of operational decision-making processes. Examining
the economic implications of Artificial Intelligence, the chapter goes beyond a cursory
overview, providing a detailed understanding of documented instances where Artificial
Intelligence has led to heightened productivity and subtle yet impactful shifts in labour
dynamics. By grounding its analysis in real-world examples, the study aims to uncover
the intricacies of how Artificial Intelligence is actively reshaping traditional economic
paradigms, potentially ushering in a redefined fabric of commerce. Recognizing the
pivotal role of Artificial Intelligence in driving efficiency and innovation, the research
places a heightened emphasis on addressing inherent biases embedded within AI
models. It advocates not only for the identification of these biases but also proposes
meticulous rectification processes to ensure the fostering of fairness and equity in AIdriven decision-making. The study acknowledges ethical dimensions associated with
the integration of Artificial Intelligence, highlighting the imperative for responsible
Artificial Intelligence development and deployment, especially in economic settings.
Furthermore, the paper identifies the essence of the AI-driven era in commerce and
economics, foreseeing a landscape where Artificial Intelligence becomes indispensable
for informed decision-making. It not only outlines the current landscape but also
proposes future lines of inquiry to guide ongoing research. This paper, therefore, stands
as a substantive and forward-thinking resource for scholars, practitioners, and
policymakers alike, seeking to navigate and understand the evolving intersection of
Artificial Intelligence, commerce, and economics.
Keywords: Artificial Intelligence, Analytics, Commerce, Decision-making, Economics, Integration, Labor dynamics.
