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Artificial Intelligence Assignment Sample
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Added on 2021-06-15
Artificial Intelligence Assignment Sample
Added on 2021-06-15
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Running Head: ARTIFICIAL INTELLIGENCE 1Economics Analysis and Decision Making of artificial Intelligence in the Workplace and ItsCentral Ethical Issues Name Institution
ARTIFICIAL INTELLIGENCE 2Abstract Over the course of this semester, we have had an opportunity to learn about some of themost important concepts in business and economics. Fundamentally, the course introduced us tothe concept of economic analysis, decision making, and the use of artificial intelligence in theworkplace. As regards to the idea of artificial intelligence in the workplace, the course focusmainly on the key and central ethical issues that surround their use and implementation in thework environment. Aside from these key concepts, the course was a broad one, and thereforeprovided the learners with an opportunity to gain knowledge on other areas. Thus, this paper isgoing to provide a detailed overview of what I have learnt this semester as regards to the conceptof artificial intelligence. \
ARTIFICIAL INTELLIGENCE 3ContentsIntroduction.................................................................................................................................................5Analysis.......................................................................................................................................................5Artificial Intelligence and Ethics.................................................................................................................6Artificial Intelligence in the Workplace...................................................................................................8Artificial Intelligence and Decision Making..........................................................................................12Artificial Intelligence and Growth.........................................................................................................17Conclusion.............................................................................................................................................18Reference List...........................................................................................................................................19Table of Figures
ARTIFICIAL INTELLIGENCE 4Figure 1: AI and Ethics................................................................................................................................7Figure 2: AI in the workplace.....................................................................................................................9Figure 3: AI and Decision making.............................................................................................................12
ARTIFICIAL INTELLIGENCE 5Economics Analysis and Decision Making of Artificial Intelligence in the Workplace and itsCentral Ethical IssuesIntroduction Some of the key topics learnt over the semester in this course include economic primerand basic principles, horizontal boundaries of the firm, integration and its alternatives, the powerof principles, market analysis, competitive analysis, entry and exit strategies, the dynamics ofcompeting across time, industrial analysis, strategic positioning for competitive advantage, andinformation and value creation. Additionally, the book used for the course explained the conceptof sustaining competitive advantage, measurement of business performance and incentives,strategy and structure, and even environment, power and culture. Therefore, the course wasparticularly important in educating the learner on the most important concepts in business.However, this paper shall focus on the aspect of artificial intelligence in the workplace and themain ethical issues surrounding it. By and large, this concept is relevant and important becauseArtificial intelligence has become part and parcel of the modern business world. Companies allover the world are incorporating artificial intelligence into their operations, and it is thereforeimportant to consider its application as regards the workplace, ethics, decision making as well asits contribution to the growth of the firm. AnalysisArtificial intelligence refers to the simulation of human intelligence processes bytechnologies such as computer systems. These gadgets are often designed to think like humansand copy the way people act (Tegmark, n.d.). Over the past few years, artificial intelligence hasbecome a critical component in the work place. Mainly, one can attribute this to the fact that
ARTIFICIAL INTELLIGENCE 6technological advances have become a major component of the modern business world (Mar,2018). Today, AI is penetrating most key sectors of the economy from healthcare, totransportation, advertising, education, finance and legal. The simulation technique is changingboth the competitive landscape and customer expectations to create a culture shift at toporganizations. As a result, this form of digital transformation improves the way work is donewithin organization. Big organizations are experiencing a culture shift. It also changing thecompetitive landscape and shifting the expectations of stakeholders and clients that are alteringnearly all ways through which organizations operate. Today, there are three forms of artificial intelligence levels. The first one is the assistedintelligence which involves the use of computer systems to automate basic tasks. The secondtype is the augmented intelligence. Primarily, this is an AI that learns from human input. As aresult, it can make correct assessments based on the AI data that has been fed into the system.The last form of AI is known as autonomous intelligence. This as an Artificial Intelligencesystem with humans out of the loop (How Artificial Intelligence, 2017). A perfect example ofautonomous intelligence is the self-thinking driving cars and autonomous robots. Artificial Intelligence and Ethics Artificial intelligence is one of the greatest scientific and engineering inventions of alltime. It is imperative to note that the possibility of developing machines that can think andperform tasks just like humans creates a number of controversies and ethical concerns from thesociety. People are concerned that these machines and robots may cause significant threats tohuman life (Burton, Goldsmith, Koenig, Kuipers, Mattei, Walsh, 2017). Recent dramaticprogress in the technology has seen the invention of programs that are able to achieve human
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