AI Literacy in Business: Preparing Executives for Augmented Decision-Making
Adeyemi Olatunbosun *
Robinson College of Business, Georgia State University, Atlanta, Georgia, United States of America.
Loveth Itohan Obozokhai
Robinson College of Business, Georgia State University, Georgia, United States of America.
Isaac Oluwaseyi Balogun
Robinson College of Business, Georgia State University, Atlanta, Georgia, United States of America.
Idowu Joseph Akande
Kogod School of Business, American University, Washington, D.C., United States of America.
Jacob Miracle Godswill
Rivers State University of Science and technology, Port Harcourt, Rivers State, Nigeria.
Olukunle O. Akanbi
Graduate College of Business and Leadership, National Louis University, FL, United States of America.
Joshua Okechukwu Egwuatu
University of Benin, Benin city, Computer Science, Nigeria.
*Author to whom correspondence should be addressed.
Abstract
This review examines the significance of AI literacy for corporate executives, highlighting its impact on enhanced decision-making and organisational leadership. As AI technologies are increasingly incorporated into business operations, leaders must cultivate the requisite abilities to utilise AI for strategic decision-making, competitive advantage, and operational efficiency. The study consolidates 38 papers published from 2020 to August 31st 2025, emphasizing the benefits of AI literacy, including greater data-driven decision-making, optimised resource allocation, and increased innovation. Nonetheless, obstacles such as the absence of standardised executive training, organisational reluctance, and time limitations hinder the extensive use of AI by business leaders. The review advocates for customised training programs, ongoing learning opportunities, and interdepartmental collaboration to enhance AI literacy among CEOs, thereby ensuring their adaptability in a swiftly changing technological environment. This study addresses the inadequately examined domain of executive AI literacy and offers practical recommendations for organisations aiming to incorporate AI into their leadership development initiatives.
Keywords: AI Literacy, business executives, augmented decision-making, AI adoption, leadership