This report discusses the impact of Artificial Intelligence on Netflix, analyzing its influence on business, management, and leadership. It explores the challenges faced by the company and the benefits of implementing AI. The report also provides recommendations for effectively utilizing AI in the streaming platform.
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Artificial Intelligence on Netflix
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Table of Contents INTRODUCTION...........................................................................................................................1 MAIN BODY...................................................................................................................................1 Literature Review.........................................................................................................................1 Analysing the impact on the business, economy and society......................................................3 Identifying the issue on personal basis........................................................................................4 CONCLUSION................................................................................................................................5 REFERENCES................................................................................................................................1
INTRODUCTION In all organisation there are certain issue which is faced by company and needs to deal with it in order to sustain the certain activities and functions(Bur, Shew and New, 2019). Some of important resources are needed to examine to accelerate the growth and require lots of efforts to recognise them. In the firm there are various issues such as artificial intelligence, corporate responsibility and challenges related to employment relations. In this report the company is chosen is Netflix which is American base streaming platform that is provide lots of content to its viewers online. In this report the topic that is covered is analysis and impact of Artificial intelligence on the business, management and Leadership of the company and determine the way it influence the various functions in positive and negative way. Apart from that result of company is being studied and recommendations is being made about the uses of technology. MAIN BODY Literature Review From the point of According to Wu and Tegmark (2019)Artificial intelligence is that efficiency that facilitates the machine to work like human intelligence. This creates the obvious way todevelopthebettertaskeffectivenessand maintaintheabilitytoimprovisenew environment. This is being used by many IT based company across the globe and implementing for rest of the future to get the profit and sustainability in the management. This AI is being challenge for the company and that create an issue in the working of progress. This becomes as important role in maintaining the efficiency if everyone knows the technology of this innovation. The challenges in the business, management and leadership in the company Netflix are as follows- ď‚·Create confusion in collaboration-AI need proper intelligence and knowledge to implement and must be cross-functional teams that could adopt the process in the company. In this AI, the big impact is on operational people that work with analytical experts and require various skills and perceptive to do certain activities and functions. It create the diversity in the teams and it is essential to know the algorithm and maintenance of workflows(Daugherty, Wilson and Chowdhury, 2019). It is essential to ensure the design of application and chances is increased dramatically. It overall create the problem 1
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aggression among employees are very crucial to handle and that will be big issue for every one in the company. ď‚·Build cost for the company-This innovation required lots of money and efforts to implement in the company and add lots of cost to it. The proper optimization of this creativity and technology needs adequate knowledge and will be difficult to allow everyoneinthecompany.Certainwaysandprocessarerequirestodevelopthe importanceofthisnewtechnologyinthebusinessrequiredtobuildtheoverall effectiveness. For the company Netflix, this will add the costto the management and create the imbalance between the profit and budget ratio. As, this company is new and need time to implement this in the management. Analysing the impact on the business, economy and society The impact of Artificial intelligence on the Netflix is positive and that is the one of the reason which improve the quality of their website(Lin, Shanafelt and Asch, 2018). Through that today's business is particularly become more effective as large companies and AI is directly related to consumer everyday. Proper application is need to be applied to business problem and take the unique solutions to improve the scale and profitability. The following is the impact on the business of Netflix are- ď‚·Facilitates in Movie recommendations-In this user who likely to watch A are also interested to watch B type of movie and Netflix uses this to increase the chances of costumer to engage with them. This is most useful algorithm that used by them and recommend to viewers, this is done with the help of proper use of data, machine learning . ď‚·Enable to find best location-Using of appropriate data to decide that which location is best for the movie set and in deciding this it given constraints of scheduling, budgets and production scene. This become easier by using data science in optimization manner and makes easier for prediction(Miller, 2019). ď‚·Streaming Quality-As this is very important for any platform to enable the quality of streaming and provide best experience to the viewer. This was improved by Netflix through adoption of certain technology in their business process and increase the overall quality for everyone. This is important for every platform nowadays to increase the 3
overall experience and profit of company as through that there will be numerous benefits for the firm. Critical analysis-In Netflix, the Artificial Intelligence is proof as very effective tool to increase the productivity and efficiency in overall management. This helps the company to reach at bigger level and at the same time it facilitates in providing best user experience. Through this innovation in firm it enable to develop its level in technology and in various other forms. This is basic requirement to implement this in the organisation and that also deals to overcome with many problems and also gives tough compensation to other platform. Impact of issue on Society: ď‚·Positive Impacts : AI limits the risk which are involved in human working by development of robots . It also limit the mistakes that are done by humans which give sense of work satisfaction. These intelligence are available for 24*7 without any break on the other hand a person can work on an average for 5 to 9 hours that leads to the on-job productivity. They contribute to the healthcare sector by diagnosing, and monitoring which helps in the operations of medical organisations. Criminal activities are also solved with different aspects of AI such finger prints, face recognition which is not possible by the humans. ď‚·Negative Impacts: Machines cannot bound likes humans that leads to no emotions. Automation of work makes human lazy(Park and Han,2018). AI can work on whatever is designed or programmed for them which give no scope of extra thinking. Humans becomes less social as they work with machines only. Impact of the issue on Economy: ď‚·Positive : By increasing the efficiency of work, machines contribute to the productivity as it work fastas compare to humans. Development of technology boost the economy by providing efficient working and less wastage of time. Taxes, revenues, expenditure and stock market can easily be determine with artificial intelligence. ď‚·Negative: Artificial Intelligence require high cost in there creation as technology keeps to changing and machines require huge amount of maintenance. If all the work is done by the machines than it 4
will give rise to unemployment. Lot of time required to form these machineries that some how create downfall in economy. Identifying the issue on personal basis Frommyviewofpointthechallengesthatisbeingfacedbyorganisationare irreplaceable and that build inefficiency in the management. The difference in the various businessisimportancetoidentifyandaccordinglyformulateitinordertoachievethe effectiveness. The impact of Artificial intelligence on the Netflix is beneficial and it is important to analyse its advantages and uses so that they could achieve the desired objective. Some necessary can be implement by company to enhance the quality and nowadays the demand of AI has developed. So, accordingly adopt to ensure that everything is fine and right. In my views, AI is crucial and it is important to determine its needs and requirementappropriately and this also require the proper knowledge(Risse, 2019). This develop the overall productivity and efficiency and on the other hand it also has its limitations that faced by the company. The need to acquire this technology will enhance the profitability and will empower it to compete with other platform. The issues mus be clearly define by management of company and should be resolve by the time and this facilitates the organisation to carry out this technology in appropriate manner and chances of no issues will be occurred. Recommendations From above discussion it is recommended that Artificial Intelligence is very essential technology that could be use in organisation to develop it overall effectiveness. This also leads to provide various benefits to management to enhance it overall productivity by developing the viewers experiences to the next level. Artificial intelligence is also increase the profits and maintaining the overall effectiveness in order to provide the best output. The proper use of AI in Netflix helps in many ways like coming with personalised and customized features, using of different algorithm and data science improve the overall performance of this platform. CONCLUSION From the above report it is concluded that there are some challenges that occur in the management of organisation and it is used to face by overall people that were present in the company. In this report the Artificial intelligence issue is face by particular firm and discussed the various way that this AI impact the management, business and leadership. Apart from that 5
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analysis has been made that critically examine the positively and negatively impact of AI on the company. It is to be recommended that Artificial Intelligence is beneficial for the company to implement and for that an appropriate examination of its application needs to be made. This will enhance overall productivity and increase the quality in order to foster the experience of viewers. 6