Characteristics and Implications of Artificial Intelligence

Business Information
System

Table of Contents
Introduction.................................................................................................................................................3
Task 1..........................................................................................................................................................3
Characteristics as well as implication of artificial intelligence.................................................................3
Task 2..........................................................................................................................................................4
Organisational opportunities as well as challenges posed by artificial intelligence.................................4
Task 3..........................................................................................................................................................6
a. Overview of business...........................................................................................................................6
b. Strategy for addressing trust and responsibility..................................................................................7
c. Strategy to acknowledge biasness, fairness and inclusion...................................................................8
d. Strategy for addressing environmental and socio-economic impact...................................................8
e. Business strategy and ways in which above strategies will contribute................................................9
Conclusion.................................................................................................................................................10
References.................................................................................................................................................12

Introduction
The interconnected procedures which make use of IT infrastructure within business firms for
generating as well as disseminating required data is referred to as business information system. It
is developed for supporting decisions that are related with firm and achieving their objectives
(Chan, 2015). To understand the concept of business information system, Bancone Golden
Square restaurant is taken in consideration which started their services from December 14, 2019.
They provide their customers with fresh pasta, cocktail bar and various other items on their
menu. This report comprises of relevance of Artificial intelligence at global context along with
this, opportunities which a firm can have and challenges related while implementing them in
context of AI. Furthermore, overview of business, strategies for addressing trust as well as
responsibility will be illustrated. In addition to this, various other approaches related with
fairness, inclusion, biasness, environmental social economic aspects are provided. Moreover, the
ways in which these strategies will contribute within business is also analyzed.
Task 1
Characteristics as well as implication of artificial intelligence
Simulation of human intelligence within machines which have been programmed for
thinking like humans as well as mimic actions carried out by them is referred to as artificial
intelligence. This denotes capability of digital controlled robots for performing tasks related with
intelligent beings (Cosenz, 2017). As per John McCarthy (father of Artificial Intelligence), the
engineering as well as science for making intelligent machines, especially intelligent computer
programs is referred to as artificial intelligence. Basically, here knowledge is imparted to
machines by which they act as a human being. Characteristics and significance of artificial
intelligence are mentioned beneath:
 Data ingestion: Artificially intelligent system that deals in large amount of information
even when it is a small firm. They are liable for storing multiple information related with
heterogeneous sources and this appears within system in simultaneous or synchronous
way (Greasley, 2017). As new businesses like Bancone Golden Square are increasing
exponentially at this point AI steps in. It is liable for gathering data, analyzing it and
proving that whether it is useful for all or not. For an instance, Elucify is an AI that is a
database for diverse business contacts.

 Imitates Human Cognition: The system is referred to artificial intelligent as it can mimic
or imitate ways in which human mind thinks as well as solve issues. AI attempts to
interpret environment and acts according to that. Till now it has been not attained but
scientists and developers are working to furnish theory of self awareness and mind of
artificially intelligent system. For an instance, Baidu is Chinese tech giant that is search
engine and works in Chinese language only (Features of Artificial Intelligence – The New Age
Electricity, 2020). This possesses a cloning tool which can clone voice through the
assistance of just 3-4 seconds of an audio.
 Futuristic: AI enabled systems have been designed for observing as well as reacting to
situations which prevails within the surroundings or market. It is not only liable for
perceiving environment but also take steps in accordance to them by taking into
consideration situations which may occur in future. The example of this can be a self-
driven car which is liable for recording speed of cars which are driven around as well as
executes identical speed patterns in traffic which is also denoted by neural network. For
an example BMW is a self driven car that is fully automated but driver possess the
control by requesting vehicle.
From above, it is clear that when firms will globally opt for making use of Artificial
Intelligence then outcome attained by them will be enhanced. Like AI driven vehicles can handle
most of situations by themselves (Hajiheydari and Zarei, 2013). This implies that various
unwanted situations through which environment, people or firm can have suffer lose can be
prevented.
Task 2
Organisational opportunities as well as challenges posed by artificial intelligence.
At present scenario, AI is not only confined to innovations within labs but also for their
potential to transform operations of business. But for this certain challenges have to be handled
before potential of this technology can be identified (Jarillo, 2013). In context of Bancone
Golden Square restaurant, challenges have been mentioned below:
 Provability: When Bancone will work on AI-based products, they cannot clearly
illustrate their vision as well as what they have attained by making use of AI techniques.
Employees can be doubtful with respect to this in terms of ways in which decisions are