This article provides a critical analysis of AI and its implications in the business sector. It discusses the benefits and risks of AI technology and explores how AI is transforming industries. The article also highlights the need for further research and development in the field of AI.
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Running head:CRITICAL ANALYSIS OF AI Critical analysis of AI Name of the student Name of the university Author’s Note
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1CRITICAL ANALYSIS OF AI Table of Contents Overview of the topic?.....................................................................................................................2 An argument for or against the position taken in the newspaper article?........................................3 For:...............................................................................................................................................3 Against:........................................................................................................................................4 Discuss the implications of the newspaper article based on academic research and the position you have taken?...............................................................................................................................4 References........................................................................................................................................6
2CRITICAL ANALYSIS OF AI Overview of the topic? The AI stands for Artificial intelligence. This platform is obtained using IT applications through coding, planning and designing step. According to the authorRussellet al., 2016 within an organisation, there exists a bulk of data that is required to be processed on a real-time basis. Therefore maintaining a mass of data and continuously outsourcing it becomes very difficult for a business unit. When it comes to accuracy, the human labour force fails to provide 100% accuracy in terms of organisational objective. The modern organisation relies upon AI platform because of the convenience and ease in the working process. Previously in the era of 1950’s that the economy used to address AI as any task performed by a computer program or a computer machine that, if any human body carried out the same task or activity, it would be claimed that the human had to apply the same set of intelligence to accomplish the desired task. The AI field makes use of the cloud platform to store and retrieve data, which ensures that the confidential data stays in the safe side in comparison to data corruption. On the other hand, the use of AI has grown enough within the recent market trends such that it is penetrating the C-suites of the organisations around the world (Dewhurst et al., 2014). One example, Amazon the globally recognised brand make use of the AI to undertake their business activities. The firm makes use of anAI-powered Kiva warehouse robot for predictive maintenance purpose. It is because of the AI platform, much of the business takes place utilising the digital platform such as the official website of the company, E-commerce website, and much more. Moreover, innovation within the digital-based platform has been possible because of the AI platform such as tracking, monitoring and generating leads. The AI has a great scope in the field of Accounting, Financing, Marketing, Data management, and as well as Data mining. Most of the companies such as Auto industries, IT industries and telecom industries hugely relies upon the field of AI because making use of the AI reduces much of the work errors and dependency on the manual labour workforce or the employees. Marketing concepts like that
3CRITICAL ANALYSIS OF AI of Digital Marketing which is one of the golden factors of innovation within the marketing industry is possible because of the AI implementation. The future corporate business expects AI to stand hand in hand together with that of the management authority to carry on business-related decisions (Stalidis et al., 2015). It is the vision of the corporate industry that AI will understand the present scenario of the business environment and accordingly will suggest a business decision to undertake. It will be possible by compiling the bulk of every aspect of economic and corporate data within a fraction of seconds. However there a number of efforts being made to make the field of AI improve more. Some of the steps towards the improvement of AI are Neural based machine learning and natural language processing (Craven et al., 2014). Some of the latest development in the field of AI areAmazon's Alexa and Apple's Siri, to recognise who and what is in a photo, to spot spam, ordetect credit card fraud. An argument for or against the position taken in the newspaper article? For: According to the newspaper article of(Livemint, 2019),an estimation is made, that the AI will bring about an increase in revenue with an amount of about $47 billion within the year of 2020. Innovation within the present day such as the introduction of apple’s self-driving car Siri and that of Amazon’s AI-based Alexa has captured much of the interest of the public. Moreover speaking about the success of another business like Airbnb, the business unit makes use of the Aerosolve application a machine learning tool to carry on its dynamic pricing strategy. Another platform of Google, Google translator and Google maps make use of the AI applications to deliver the effective outputs. AI helps in the decision making process. The field of computer resources is developing at a very fast pace because of the ML algorithms (Ghahramani et al., 2015). Although AI has some issue regarding undertaking practical life tasks, it has a considerable potential to play a role in decision making process by analysing a series of data, processing it and then delivering the
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4CRITICAL ANALYSIS OF AI desired output. Humans can make use of AI to predict future possibilities, consequences, and outcomes. Thus, from the above discussion, it can be understood how the AI implementation has resulted in a positive output and has also lead to generate profits. Moreover, the innovation that is possible because of the AI implementation is also creating goodwill for the firm. AI is a positive medium; for example, Google makes use of the individual human ratings to predict the quality of the contents and then bring out the best results in front of the user. Facebook, Apple, Microsoft makes use of the AI platform for face recognition criteria. Against: According to the official website of(Forbes, 2019). AI possess a serious threat, some well-known famous personalities likelegendary physicistStephen Hawking, Tesla and SpaceX leader, Bill-gates, and InnovatorElon-Muskbelieves that AI potentially is very dangerous. The supported their statement with the dangers of the dictator of North Korea. Since the AI improvements have made them smarter day by day, there exists a need to focus on the negative possibilities. AI has developed to such extent that they can act and think critically, intelligently and smartly. This may lead to the threat the normal human existence. Moreover, there lies a massive danger concerning the theft of the confidential data and information’s. The company formulated plans and designs stored in an online AI based platform can be stolen easily, which can be further used by other rival firms or hackers to blackmail the business firm. Example, the AI based robot Sophia which wasmodelled after actress Audrey Hepburn. After having a demo session, the robot said that she would destroy humans. Hanson Robotics designed the robot. The core intelligence of AI can be used by hackers and terrorists to gain right and power over the assets and properties of the business firms.
5CRITICAL ANALYSIS OF AI Discuss the implications of the newspaper article based on academic research and the position you have taken? Taking into consideration the various research conducted it is believed that AI has enormous potential in terms of corporate development. Besides, it possesses much of the threats; the number of positive results will outweigh the number of negative outcomes if handled carefully. The trends in the business environment are possible because of the AI field which cannot be overlooked. I would rather support, for statement with the intention that AI will bring about a change not only in the corporate sector but in the lives of the individual person. AI if programmed illegally with the intention to cause harm then it is a threat else it is one of the advantageous means in the present time (Pannu et al., 2015). Russia’s President, respectedVladimir Putin claimed that“Artificial intelligence is the future, not only for Russia but for all humankind. It comes with enormous opportunities, but also threats that are difficult to predict. Whoever becomes the leader in this sphere will become the ruler of the world”(rt.com, 2019). In terms of business prospects, AI is a tool to understand consumer behaviour and their consumer pattern. They are accordingly formulating tailor-made advertisement and consumer products to attract their interest. It is because of the AI that every movement of the user and consumers get tracked. Further because of the AI facial recognition algorithms, the user gets detected. That is how the user is identified as irrespective of the geographical gap. However, a lot of development is still required in the core intelligence of the AI field. It can be better understood with an example, as such that an AI-based car is designed and coded by a command such as “Get me to my home, as soon as possible”. The AI will definitely follow the command and will start to react towards its command to make the user reach its destinations. Whereas, it is to be noted that AI might fail to have concern towards the local traffic rules and the traffic chaos such that it may lead to a lot of destruction while heading towards its way. Hence a lot of research and development is still required in the field of AI.
6CRITICAL ANALYSIS OF AI References Craven, M. W., & Shavlik, J. W. (2014, May). Learning symbolic rules using artificial neural networks.InProceedingsoftheTenthInternationalConferenceonMachine Learning(pp. 73-80). Dewhurst,M.,&Willmott,P.(2014).Managerandmachine:Thenewleadership equation.McKinsey Quarterly,4, 1-8. Forbes. (2019). Is Artificial Intelligence Dangerous? 6 AI Risks Everyone Should Know About. Retrievedfromhttps://www.forbes.com/sites/bernardmarr/2018/11/19/is-artificial- intelligence-dangerous-6-ai-risks-everyone-should-know-about/#7017bf252404 Ghahramani,Z.(2015).Probabilisticmachinelearningandartificial intelligence.Nature,521(7553), 452. Ghahramani,Z.(2015).Probabilisticmachinelearningandartificial intelligence.Nature,521(7553), 452. LeCun, Y., Bengio, Y., & Hinton, G. (2015). Deep learning.nature,521(7553), 436. Lemley, J., Bazrafkan, S., & Corcoran, P. (2017). Deep Learning for Consumer Devices and Services: Pushing the limits for machine learning, artificial intelligence, and computer vision.IEEE Consumer Electronics Magazine,6(2), 48-56. Li, D., & Du, Y. (2017).Artificial intelligence with uncertainty. CRC press. Livemint.(2019). The growing role of artificialintelligencein business. Retrievedfrom https://www.livemint.com/Opinion/UKCvUCD1mVgVp8CcR62uvJ/The-growing-role- of-artificial-intelligence-in-business.html Nilsson, N. J. (2014).Principles of artificial intelligence. Morgan Kaufmann. Pannu,A.(2015).Artificialintelligenceanditsapplicationindifferentareas.Artificial Intelligence,4(10), 79-84.
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7CRITICAL ANALYSIS OF AI Russell, S. J., & Norvig, P. (2016).Artificial intelligence: a modern approach. Malaysia; Pearson Education Limited,. Samek,W.,Wiegand,T.,&Müller,K.R.(2017).Explainableartificialintelligence: Understanding,visualizingandinterpretingdeeplearningmodels.arXivpreprint arXiv:1708.08296. Stalidis, G., Karapistolis, D., & Vafeiadis, A. (2015). Marketing decision support using Artificial IntelligenceandKnowledgeModeling:applicationtotouristdestination management.Procedia-Social and Behavioral Sciences,175, 106-113. Wenger, E. (2014).Artificial intelligence and tutoring systems: computational and cognitive approaches to the communication of knowledge. Morgan Kaufmann.