Artificial Intelligence and Digital Business: Importance, Evolution, and Applications

This report discusses the importance of digital technology in business and the adoption of digital transformation to improve efficiency and productivity. It also explores the concept of artificial intelligence, its evolution, workings, and applications in various sectors. The report also highlights the types of businesses and organizations that use this technology and its usefulness as a business tool. Additionally, it discusses the connection between digital technology and ancient and new theories about business and management structures and practices.

Digital Technology and Business

Table of Contents
INTRODUCTION...........................................................................................................................4
MAIN BODY..................................................................................................................................4
Digital Business...........................................................................................................................4
Artificial intelligence...................................................................................................................4
The evolution of Artificial intelligence.......................................................................................5
The Workings of Artificial Intelligence......................................................................................5
Applications of Artificial Intelligence.........................................................................................6
What type of business and organisation uses the technology......................................................7
What's the connection between digital technology and ancient and new theories about business
and management structures and practices?..................................................................................7
CONCLUSION................................................................................................................................8
REFRENCES.................................................................................................................................10
Books and Journal......................................................................................................................10

INTRODUCTION
Digital business adopted the technology in order to generate new value in the
organization models and in customer experience in order to enhance their capability. Digital
transformation is there adoption of digital technology so that the company can adopt amended
technology in the organization in order to improve their efficiency and increase their
productivity. There are several Technologies which are adopted by several Organization in order
to enhance their productivity and efficiency (Kitsios, and Kamariotou, 2021). This report is
going to illustrate about the artificial Intelligence and their importance in the organization in
order to get more opportunities and why the organization is using this technology.
MAIN BODY
Digital Business
Digital business is adopting and using technology in order to generate new value in the
business framework and customer experience and also in the internal capability with support the
organization and their operation. Today the people are spending more money and become Digital
in order to enhance their productivity and efficiency. Digital business generally used in digital
transformation holistic business and in integration convergence. It is also about digital marketing
or about transformation (Joseph and Thomas, 2020). It is a key part of the organization in order
to adopt technology and enhance productivity and efficiency of the organization. Nowadays
there are around 95% companies is using digital technologies in order to enhance their
opportunities and productivity so that they can get more success in the competitive market place.
Digital business is very helpful for the companies in order to embrace the concept of digital
transformation and explore new Business models.
Artificial intelligence
Artificial intelligence is the technology which is demonstrated by machine and this is a
wide ranging branch in context of computer science which focusing on building is smart machine
and become capable to perform several task which are required by the organization. Artificial
intelligence e provide and it is most powerful in the digital technology. Artificial intelligence is
the concept which impact the future of virtual reality and on every organization and every human
being. In artificial intelligence is the concept which work is the key factor driver of emerging

Technologies like Robotics data and it will act like a technological innovator for the future. IBM
Cloud Company is the leader of artificial intelligence since 1950.
The evolution of Artificial intelligence
IFM is just one of a slew of AI pioneers in a sector that's hotter than ever and only
becoming hotter. Here's an example of an excellent indicator: In 2018, IBM inventors received
9,100 patents, with 1,600 (almost 18%) of them being AI-related. Modern AI — more precisely,
" "Narrow AI," which performs objective functions using data-trained models and is usually
classified as deep learning or machine learning, has already had a significant influence on
virtually every major industry. Some industries are only beginning to use AI, while others have
been doing so for years. Both of them have a long way to go. Regardless, artificial intelligence
has a significant impact on our daily lives.
The Workings of Artificial Intelligence
As the enthusiasm surrounding AI has risen, vendors have been scrambling to promote
how their products and services use AI. Machine learning, for example, is often referred to as AI.
AI necessitates the use of specialized hardware and software in order to create and train machine
learning algorithms. While there is no single programming language that is synonymous with AI,
a few stand out, including Python, R, and Java. AI is critical because technology has the potential
to give organizations with previously inaccessible insights into their operations, as well as the
ability to do jobs better than humans in some cases. AI technologies frequently accomplish work
fast and accurately, especially when it comes to repetitive, detail-oriented activities like
reviewing large quantities of legal papers to verify important fields are filled in correctly (Rof,
Bikfalvi and Marquès, 2020). This has contributed to a surge in efficiency and provided some
larger businesses with whole new business prospects. It would have been difficult to envision
utilizing computer software to link riders to cabs prior to the current wave of AI, but Uber has
done just that and grown to become one of the world's largest corporations by doing so. It uses
advanced machine learning algorithms to anticipate when individuals in certain regions are likely
to require rides, allowing drivers to be on the road ahead of time. Another example is Google,
which has become a major player in a variety of online services by utilizing machine learning to
better understand how users interact with their services and then enhancing them.

Applications of Artificial Intelligence
In context of artificial intelligence see their applications are endless .the techniques and
the technology are used in several sectors. Artificial intelligence is a concept which is tested and
applied in the Healthcare industry in order to dozing drugs and several treatments for their
patient and for surgical process in the operating room. While no one programming language is
synonymous with AI, few stand out, such as Python, R, and Java. AI is important because it has
the potential to provide previously unavailable insights into an organization's operations, as well
as the ability to perform some tasks better than people. Technological platforms and software are
used in the AI.
Artificial intelligence is the Framework which is developed by the companies in order to
operate more efficiently and intelligently as compared to the traditional Framework. Artificial
intelligence platform is the Framework which also provide data governance and also a sure about
the best practices which are used by the team of artificial intelligence is scientist and ml
engineer. Where are there are several software’s which are used in artificial intelligence e which
are mentioned below:
Automated Debugging
Pattern detection may be utilized in automated debugging for in-depth study,
identification, and categorization of fault kinds using AI software and tools. The deep learning
method is capable of quickly identifying problems and speeding up the debugging process.
Smart assistants
Artificial intelligence software assistants are becoming increasingly popular since they
intelligently speed up the development process. It even speeds up the learning process for
newcomers compared to trial and error(Weill, Woerner, and Shah, 2021).
Automate Code Generation
Coding from the ground up takes a long time and requires a lot of effort. Researchers
have created algorithms that can build code ahead of time to address the concerns of money and
time restrictions. However, when it comes to uncertainty.
Intelligent-Testing

Testing has been one of the most important aspects of the development cycle while
creating a high-quality software product. One of the most difficult tasks that software engineers
have while testing software products is compiling a comprehensive list of use-cases and
scenarios that might affect the program's performance.
What type of business and organisation uses the technology
Every major tech business, from Google and Amazon to Apple and Microsoft, is
devoting money to artificial intelligence advances (Spremić, Ivancic, and Vukšić, 2020). AI has
been ingrained in our daily lives because to personal assistants like Siri and Alexa. According to
CB Insights, artificial intelligence firms raised $33 billion in 2020, breaking records during the
worldwide uncertainty of the COVID-19 pandemic. An example of one company which is using
artificial intelligence at their workplace in order to enhance their productivity and efficiency and
which are Riskified that is situated in New York. Riskified is an AI-powered platform that helps
e-commerce companies identify genuine customers and eliminates friction in the purchase
process, resulting in a better customer experience.
Is it useful as a business tool and how is it used?
Artificial intelligence may be used to a wide range of challenges. Businesses may use AI
to boost sales, identify fraud, improve customer service, automate labor processes, and do
predictive analysis. Better tools for early diagnoses can be provided by artificial intelligence to
health care practitioners (Thite, 2020). Organizations may use machine learning and AI to
provide highly relevant suggestions, add intelligence to digital marketing, estimate the chance of
a sales lead conversion, give intelligent assistance to agents, maximize a customer's lifetime
value, and automate and simplify processes.
What's the connection between digital technology and ancient and new theories about business
and management structures and practices?
The nature of artificial intelligence is linked to that of humans. The artificial intelligence
system learns based on the user's behavior, much as the humans learn from our experiences. The
study of neural-like components and multidimensional neural-like developing networks, short-
and long-term memory, the functional structure of artificial intelligence systems' "brains," and so
on. The general theory of artificial intelligence includes the sensor system, modulation system,
motivation, intentional action, "thinking," "consciousness," and "sub consciousness," as well as

the study of the functional organisation of the "brain" of artificial intelligent systems. Increased
digitization has had an impact on a number of company activities, including business models
(BMs), by enabling new forms of collaboration between companies, resulting in new product and
service offerings, as well as new consumer and employee relationships. Customer experience,
operational procedures, and business models are all impacted by digital transformation
(Talafidaryani, Jalali and Moro, 2021). Digital transformation necessitates cross-organizational
cooperation and entails changes in corporate culture. The focus of digital strategy, on the other
side, is on technology rather than culture. Technology has a tremendous influence on business
operations. Regardless of your company's size, technology offers both real and intangible
benefits that may help you create revenue and achieve the results your clients need. The technical
infrastructure of a firm has an impact on its culture, efficiency, and relationships. Direct sales,
franchising, advertising-based enterprises, and brick-and-mortar shops are examples of
traditional business strategies. Hybrid models include businesses that combine online selling
with physical stores or with sporting organizations such as the NBA. Digitization has been
shown to lower unemployment, improve quality of life, and increase citizens' access to
government services(Strohmeier, 2020). Finally, digitalization helps governments to be more
transparent and efficient in their operations. Curiosity is essential for adopting digital
technologies and assisting people in their adaptation to change. Digital adoption, on the other
hand, will assist business leaders in cultivating curiosity and leading their organizations to
success and innovation. Artificial intelligence (AI) has spawned a slew of new applications that
are already reshaping our lives. In fact, it was during the Dartmouth meeting in 1956 when the
term AI was originally created. This was the era when university laboratories began to see the
first digital computers. At the time, the thought was that if computers could handle issues that
humans found difficult, such as mathematical theorem proving, then computers should be able to
solve simple problems for us as well. This was not the case, though. So all over artificial.
Artificial intelligence a brink huge modification in the business concept in order to adopt
Technologies and overcome the problems which is associated to the digitalization.
CONCLUSION
From the above mentioned report it has been concluded that the digital technology in the
business is very important in order to develop new values in the company. Digital transformation

is the concept which are adopted by the organization so that the company can improve their
efficiency and increase their productivity. Now a days there are several organization who are
adopting artificial intelligence in order to focusing on building the smart machine and become
capable to perform various task which are required by the company. Artificial intelligence is the
concept which create impact on the future of virtual reality and also great impact on every human
being. Along with this there are several significance of artificial intelligence theory and
application of artificial intelligence in order to make the changes in the company. There are
several technological platforms and software which are used by the organization in context of
artificial intelligence which are discussed above along with this there are several kinds of
business organization who used artificial intelligence technology in order to enhance their
productivity.

REFRENCES
Books and Journal