FE Today Logo

LETTERS TO THE EDITOR

How AI can help take smart decision

July 19, 2025 00:00:00


As artificial intelligence (AI) changes markets around the world, businesses in Bangladesh are starting to look at how it can help them not just with tasks, but also in making important decisions.

AI tools can now handle huge amounts of data, helping companies figure out what people want to buy, set the right prices, and manage their supply chains better than humans can. AI helps companies spot trends and predict results, allowing them to make quicker decisions based on data. This improves how they work and lowers risks.

In stores, smart tools that use AI can help with inventory choices by looking at seasonal patterns and what customers like. In finance, machine learning helps to assess credit risk and find fraud. Even small and medium-sized businesses are using AI tools for talking to customers, marketing, and planning their operations. But to use AI in decision-making, we need to invest in training people and building data systems. If we don't have enough data or rules to protect fairness, AI can treat people unfairly or give bad results.

Bangladesh's developing digital economy, helped by projects like "Smart Bangladesh 2041," offers a good chance right now. Companies that start using AI technology early will probably have an advantage over others in their local and worldwide markets.

AI is now more than just a technology trend; it is quickly becoming an important tool for businesses.

Mahfuza Khanum Keya

Department of Accounting and Finance

North South University

mahfuza.keya@northsouth.edu


Share if you like