In the contemporary society Cloud computing and artificial intelligence (AI) are extremely pertinent. These technologies are enhancing various growth possibilities for companies, not only the effectiveness of work but also new ideas are developed every day. Most enterprises are incorporating these technologies because these enhance computing capabilities and reduce expenses. AI means that we are able to comprehend and apply data effectively – it contributes to the acceleration of processes such as supply management or considering the events of sports matches. In this paper we feel the effects that are going to be caused by AI and Cloud computing on Industry and competition in our modern economy fueled by data. This paper presents the impact of cloud computing and AI on industry dynamics and competition. It also discusses the various challenges, considerations, case studies, industry-specific uses and trends, key developments and applications in this domain.
Mistry et al. (Mon,) studied this question.