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Artificial Intelligence use in Business
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Added on 2021-06-18
Artificial Intelligence use in Business
Added on 2021-06-18
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Running Head: ARTIFICIAL INTELLIGENCE USE IN BUSINESS 1Artificial Intelligence use in BusinessNameInstitution affiliationDate of submission
ARTIFICIAL INTELLIGENCE USE IN BUSINESS2Abstract Significant trends have been realised in the contemporary business environment. The research tries to explain the considerable pattern that has been achieved in the modern business environment. The original decision that the study covered was the use of the artificial intelligence in the running of business (Spitzeck, 2009). The knowledge of artificial intelligence means the use of robots and machines when doing the work that can be as well done by the humans. The idea behind the artificial intelligence has been an advantage to the business environment as it has led to gains in the business world (Djukicin, Milankovic and Djordjevic, 2011). The nature of competition in the business environment has also improved due to the invention of the artificial intelligence. The research also discusses the disadvantages that have arisen as a result of the use of the artificial intelligence. The significant difficulties addressed are the cases of unemployment as the machines have replaced the human labour. The research also goes ahead to state the advantages that are likely to be realised in the future as a result of the frequent use of the artificial intelligence in the business environment.Research MethodologyThe research was conducted using both the primary and the secondary data. The secondary data was got from the archives of the investigations that have ever been made concerning the trends in the contemporary business environment (Fletcher, 2016). The data collected was beneficial as it enabled us to reach our conclusions about the research. The primarydata was got from the first-hand information from the business organisations themselves.InterviewsI conducted interviews on the well-performing industries in the market to find out the major trends in the business environment that have enabled them to meet their success. The
ARTIFICIAL INTELLIGENCE USE IN BUSINESS3information gotten was from different levels of management (Snelson, 2016). The different levels of management in the industry was needed to ensure that the results were not only from one source (Lloyd and Hopkins, 2015). I took the findings from the interviewees and analysed them so that I could make a reasonable conclusion.QuestionnairesI also came up with questionnaires about the business environment and how the trends in the business environment have impacted on the daily business activities and what were the new trends in business (Wang, 2014). I gave out the questionnaires to various employees of various organisations in the market so that I could weigh all their answers. I gave out encouragements to the people by giving those refreshments as they answered the questions (KOUNTUR, 2016). I did this to make the people comfortable while answering the questions so that they could not answer the questions for the sake of just finishing. When the answers are given out for just listening, they usually tend not to provide the exact analysis needed. AnalysisThe data I collected was so direct that I found them more comfortable to analyse. On my report, I ranked the findings on percentages.Use of MachinesProductivity- from ( 50 to 90)Supply- from ( 60 to 95)Profitability- from ( 50 to 95)Improved managementProductivity- from (50 to 80)Supply- from (60 to 75)
ARTIFICIAL INTELLIGENCE USE IN BUSINESS4Profits made- from (50 to 78)Change in businesslayoutProductivity- from ( 50 to 70 )Supply- from ( 60 to 79)Profits made – from ( 50 to 90)Observations MadeThe observations led to the outcoming of the idea of using machines in production as the dominant trend in the business environment today. The use of artificial intelligence recorded the highest percentages regarding productivity, supply and the productivity. This showed that a majority of the people were reaping fruits from the use of artificial intelligence in business (Yamato and Kumazaki, 2018). The fruits also came as a result of the automation brought about by the use of the artificial intelligence idea in conducting business activities in the market setting.Description of the Artificial intelligence use in Business EnvironmentFrom the observations made from the research, it was evident that the idea of artificial intelligence has impacted positively on the current business world. Artificial intelligence refers to the use of machines in carrying out the day to day activities in the business environment (Gluschenko, 2015). The devices used in the day to day activities include the use of the automatic vending machines to deposit and withdraw cash. The devices are convenient as they do not need the help of a teller to operate. The idea of using these machines have impacted positively on the business world since automation has been increased. The need for the artificial
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