Role of Machine Learning and Immersive Technologies in Modern Management with Trends, Applications, and Risks

Abstract

This paper analyzes the transformation that immersion technologies and machine learning (ML) invoke on modern management, particularly regarding its application in the core functions of an organization including recruitment, employee training, talent management, motivation, and corporate culture build up. In recruitment alone, ML algorithms facilitate organizational decision-making by predicting candidate suitability, behavior and optimizing hiring processes. Furthermore, immersion technologies like virtual reality (VR) can be employed to solve training and development problems by providing high-quality learning opportunities for active engagement and improvement of staff’s productivity and effectiveness. These advancements, however, pose new risks such as privacy, ethics, and data discrimination. This paper covers the opportunities and challenges provided by ML and immersive technologies in management with an emphasis on its utilization in the organization performance and satisfaction of employees. In summary, while the benefits of adopting these technologies with regard to improving efficiency as well as effectiveness of business operations is evident, the policies governing adoption and utilization will require a great deal of retrieval on the ethical borders and implications of such actions.