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Impact of AI on Business Analysis

   

Added on  2023-04-17

16 Pages3086 Words371 Views
Business DevelopmentData Science and Big DataArtificial Intelligence
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Running Head: Business systems analysis 0
Business Systems Analysis
Report
Student name
Impact of AI on Business Analysis_1

Business systems analysis 1
Table of Contents
Abstract............................................................................................................................................2
Research approach and methodology..............................................................................................2
Detailed description of the significant trend identified...................................................................4
Impact of AI on business analysis/requirements gathering practice...............................................8
Reflection and commentary on the AI...........................................................................................11
References......................................................................................................................................13
Impact of AI on Business Analysis_2

Business systems analysis 2
Abstract
Artificial Intelligence (AI) and Machine leaning are two most important part of overall
growth of the world in most of the fields. This report will describe about the research approaches
and methodologies of artificial intelligence in business system analysis. Artificial intelligence is
a way to reduce cost and time of a process.
In addition, business is having many processes, which are so costly and time taken.
Therefore, AI can use to optimize those processes and sometime replaces those processes from
new systems ( Adams , 2017). This report will provide impacts of AI on business analysis. In
later section of this report, it will provide reflection and commentary on AI.
According to (Fethi & Pasiouras, 2010), a survey is conducted on the banking sector and
it has founded that AI techniques are helpful in improving the performance and efficiency of
whole system with operational research.
Research approach and methodology
AI is providing solutions of different problems using optimization and many methods.
There are so many algorithms, which can reduce the time of different processes in business. It is
most common approach to analysis the business processes using different methods. There are
many approaches in business management. However, all those approaches are providing best
results to manage business processes of an organization. AI is creating new things that are useful
for society and business in future (Benjamins, 2006).
Furthermore, AI can provide better business system analysis. Every business is having
different operations. Therefore, it is necessary to analyses those processes and create new system
to manage those operations in better way to increase growth, productivity and revenue of an
organization. AI powered business strategy is increasing performance and profitability of
business ( Byrnes, 2018).
In business, procedures and methods can be improves through examining a business
situation and it will helpful for system analysis and design. It is necessary process to shaping
organizations as well as improving performance. It will provide objectives for growth and
Impact of AI on Business Analysis_3

Business systems analysis 3
productivity of organization. In an organization, many subsystems are providing help to meeting
a common goal. AI is helping in every field of business to grow organization (Castelluccio,
2017).
An organization has a proper structure and order to maintain different operations for their
business. It is having a proper arrangement of different components, which are helpful to achieve
objectives. Hierarchical relationship is used to design of a business system mostly in
organization. Big data and AI is a great combination and it will change the scenario of current
business approaches (Chen, Chiang, & Storey, 2012).
Impact of AI on Business Analysis_4

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