Artificial intelligence | Innovation and Entrepreneurship

Running Head: INNOVATION AND ENTERPRENUERSHIP
INNOVATION AND ENTERPRENUERESHIP
Name of the student
Name of the University
Author’s Note

INNOVATION AND ENTERPRENUERSHIP1
Table of Contents
Introduction................................................................................................................................2
Discussion..................................................................................................................................2
Original Idea & Business Proposition....................................................................................2
Technologies..........................................................................................................................3
History....................................................................................................................................4
Targeted markets....................................................................................................................4
Roadmap for AI......................................................................................................................6
Factors that would lead to success.........................................................................................7
Conclusion..................................................................................................................................8
References:.................................................................................................................................9

INNOVATION AND ENTERPRENUERSHIP2
Introduction
Artificial intelligence or machine intelligence is the simulation of human like brains
and thinking in the machines. This report aims at developing a business proposition with an
idea of developing an AI software with customised personality and design as per its users.
The project discusses about the various technologies that need to be integrated in order to
develop the AI model and discusses about the growth of AI over the years. The idea of the
project is to create a roadmap for the development of the AI software and commercialising
the same for its success and growth.
Discussion
Original Idea & Business Proposition
Developing a Roadmap allows businesses discovering, analysing and prioritising the
investments in delivering their business value. It is more like planning and executing instead
of just trying and failing. The idea is to develop a product with Artificial Intelligence
technology or Machine intelligence in order to step ahead of the competition. The Value
proposition of the AI is to promise the business a new insights, predictions and analysis to
target the customers and future expansions. It is currently used in automating various
resources and manpower required in a project. However, the idea is to use the intelligent
programs attract cost benefits and forecast the completion of any future proposal within the
time and the budget.

INNOVATION AND ENTERPRENUERSHIP3
Figure: Artificial intelligence with human like thinking
Technologies
Artificial Intelligence is continuously growing and has become strategically important
for the businesses to sustain in the race of technological development. Artificial Intelligence
requires a combination of various other technologies. To build an AI software the businesses
must know basic to advance programming languages such as C++, Java, Lisp, Python and
many more. Programming languages are used in creating the codes for the AI applications
and is the most important factor in AI development. There are various advanced platforms
that are used by the developers in AI software development. The most common platforms are
Api.ai created in associations with Google Inc, Wit.ai is another mechanism used for
transforming the user voice into texts. AI requires the ability to recognise the spoken
languages and analyse them in order to transform into data so that the output can be
generated. This requires a speech recognition software, which are increasingly being installed
in machines and mobile hardware now a days.