What role does AI typically play in modern business practices?

AI plays a crucial role in enhancing operational efficiency within modern business practices. By automating repetitive tasks, analyzing large datasets, and providing predictive analytics, AI allows organizations to streamline their operations, reduce human error, and improve productivity. This leads to quicker decision-making and the ability to allocate resources more effectively. Businesses leverage AI to optimize supply chains, improve customer service through chatbots, and enhance marketing strategies with data-driven insights.

The other options do not accurately represent the capabilities and impacts of AI in a business context. While managing human resources is a function that can be aided by AI, it is not its exclusive role; AI has much broader applications across various functions within a business. Similarly, rather than slowing down processes, AI often accelerates them by providing quick access to information and analytics. Lastly, AI is designed to integrate and work alongside existing technologies, not reduce their implementation; it enhances technological capabilities rather than diminishes them.