ARTIFICIAL INTELLIGENCE TABLE OF CONTENTS

ARTIFICIAL
INTELLIGENCE

TABLE OF CONTENTS
ESSAY ............................................................................................................................................3
Meaning of Artificial intelligence..........................................................................................3
Role of Artificial intelligence in new product design, market introduction and manufacturing
functions.................................................................................................................................4
Impact upon the individual in the working environment as well as the end user consumer
manufacturing product or service...........................................................................................8
Impact of artificial intelligence upon the consumers of products and services....................10
REFERENCES..............................................................................................................................13

ESSAY
With a continuous involvement of science and technology, there various machines and
software systems have been developed which are taking place human beings and accomplishing
the work more effectively and efficiently. Various scientists and economist have stated in their
that fourth industrial revolution will be combined with the other socio economic and
demographic changes, will transform the labour market in the next five two ten years, leading to
the net loss of over 5 million jobs in the same developed and emerging economies (Nilsson,
2014). According to them artificial intelligence is an major intelligence which is exhibited by the
artificial entity like computer systems. They have also described that this artificial intelligence
has created an enormous impact on the manufacturing and production of new products for the
various through development of new equipments and machines which are based on computerized
systems and software (Cohen and Feigenbaum, 2014). Present report is based on analysis of
increasing effect of artificial intelligence on the world which is potential considered as next
industrial revolution by some scientists. Role of artificial intelligence with regards to new
products design and market introduction have been analysed along with the manufacturing
functions within a company. Various potential change upon the role of managers made by AI
will also be evaluated. Further, its impact on the person in environment of work as well as on
consumers of develop products and services are also evaluated.
Meaning of Artificial intelligence.
As per the view of John McCarthy which is considered as father artificial intelligence. It
is the science and part engineering which is based on development and introduction of new
intelligent machines and equipments by using the effective and computer programs (Bond and
Gasser, 2014). It is also considered as way of making computer systems, fully automatic control
systems or software that will require any support of human beings and accomplish various
important and critical task easily which is not possible for a human being. It is mainly useful to
analyse the difference between the general AI and applied AI. GAI implies to the machine
intelligence that could successfully perform any intellectual task a human can. Whereas the AAI
is analysed as the function of machine learning and predictive analysis (Wenger, 2014). Further,
Automated transportation is considered as major affect of artificial intelligence on world in the
future. It implies with the self regulatory motors and driving cars which has now been introduced

by some companies. Cyborg technology is also major affects which implies with the
communication of individuals brain with the robotic limbs to provide more control on patients in
health care (Kodratoff and Michalski, 2014). This technology will reduce the limitations that
affects the patients on daily basis. Moreover, AI is also responsible for the development of robots
and other machinery equipments which are taking over some hazardous jobs which are possible
to be accomplished by human beings or individuals. Further, development artificial intelligence
has increased the productivity and innovation within organisation in every industry towards
development of new products and services.
Role of Artificial intelligence in new product design, market introduction and manufacturing
functions.
Application based on AAI has expanded the area of manufacturing, development of
consumer products, medicine, finance and management. Appropriate research has provided an
understanding that role of AAI methods and techniques in the areas of product engineering is
undoubtedly a huge and fast developing area of research. Various considerable and important
number of challenging issues in the engineering and design of new products are most successful
accomplished by techniques of AAI (Millington and Funge, 2016). For example: With the
continuous changing needs of consumers related to technology, attractive features and fuel
efficiency in cars has made it a critical challenge for cars manufacturers to fulfil the demand of
customers. With the use these techniques they have made it possible and developed various
unique design cars with fuel efficiency and automatically programmed feature. Other than this,
AI intelligence techniques also have their major contribution towards manufacturing and design
various unique and technology based services in mobile phones and other electronic gazettes and
equipments. Further, shorter life cycles of products, rapidly changing the needs and expectations
of consumers within the highly competitive global environment of business which has increased
and provided a need for engineering of efficient products, along with the improvement of
existing products with the design and development of new products (Venkatachalam, 2017). A
company's capabilities of compressing the process of products development and cycle time of
product developments is considered as critical aspect of competitiveness. The major impact on
profits, from the accomplishment of these time compression activities, have been introduced
from the manufacturing and new product development. There are three main areas of product
design which has been transformed by the artificial intelligence like product, process and