This report analyzes the impact of AI, particularly face detection systems, on business and the UK economy. It explores the evolution of technology, its competitive advantages, and the role of cloud computing. The report also provides recommendations for businesses to sustain and develop AI innovativeness.
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Table of Contents Introduction......................................................................................................................................1 Main body........................................................................................................................................1 Conclusion.......................................................................................................................................6 REFERENCES................................................................................................................................7
Introduction In present era of digitalization and technological advancement there has been a great transformation in businesses. Technology is playing a crucial role in economic growth of countries. it is highly contributing in GDP of nation. Due to this, developing countries are getting high benefit. The evolution of AI has boosted growth of research and development. in recent time, there has been many technology innovations occurred in UK (Daryanavardand Harifi, 2018). it has resulted in rise in percentage of GDP. it is said that with continuous use of AI, UK will add huge amount in their GDP expected 10.3%. AI has improved the operational efficiency of industries. It is not only limited to one sector but is also used by SME. This has accelerated growth in GDP. moreover, a new and updated IT infrastructure has been developed by government. It has provided vast number of opportunities for businesses to expand in different markets. Due to this social life of people has improved as their needs are fulfilled. This report will describe about how AI has transformed way of doing business. it will also discuss what changes has occurred in UK economy by using AI. Positioning in market– today AI has developed a unique image in market. it has the latest technological development. every major company is focused on implementing AI in operations. the technology has positioned itself at top. Main body 3 Current State of Technological Innovation 3.1 Functionality of Tech in Industry Informationtechnologyisplayingsignificantroleingrowthanddevelopmentof business. the major advantage it has provided is to small and medium enterprises who are able to enter in market with new and innovative products and services. there are many functions which is played by IT. the main function is to store, manage, process, etc. data and information. With help of it, businesses are able to take effective decision (Malusareand et.al., 2017). moreover, IT helps in managing of operations and monitoring it. its another use is in tracking of data from different sources and interpreting it to get proper results. Technology has made the operations automated which has reduced involvement of humans. other than this, it has created a centralised communication structure through which data and information is quickly shared. The enterprises which are globally expanded have connected their operations. 1
Facial recognition of AI- AI consist of high tech features which enables in using robots in doing of task. With integration in machines it becomes easy to do complex task in more effective and efficient way. this saves cost as well time. The technology is very expensive. It requires huge investment in developing and implementing. Also, high and advance technology is required to maintain it. AI has helped in generating brand value in market for companies. auto mobile sector is highly benefited with this. They have distinguished their model, design etc. by using AI and developed high brand image. 3.2 Time-line of Tech-Development Technological advancement has taken place over a particular period of time. The continuous changes in technology has provided new tools and equipment’s. this has enforced business to make changes to cope up with advancement (Technological developments. 2018). It is been said that from past 75 years almost 900 technological inventions are done. There has occurred many technological developments which is as follows :- YearDevelopment 1950here,firstEmailwassentatMIT.Also, ARPANETwasdevelopedthroughwhich internet ancestor are connected. 1980atthisstagefirstpersonalcomputerwas developed and launched by Microsoft. Also, first Microsoft word software was launched. During last 19thcentury world wide web at CERN was built (Jiand Xiong,UBTECH Robotics Corp, 2018). 1990till this stage optical fibre were developed. moreover, IBM thinkPAD 700C laptop was created. Also, peer to peer fie sharing system was launched and Sirius satellite radio was introduced 2005this year was a major transformation year in technology.inthismanythingswere 2
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introducedanddeveloped.thesocial networking site Facebook was released, You tube,Skype,etc.waslaunched.Apple introducedtheirfirstIphonewhichis consideredasmajoradvancementin technology 2010the trend continued till this year where more newsocialnetworkingsiteswerelaunched such as Instagram, Snapchat, etc. it allowed people to get connected to each other from all around the world. 2015till2015,AI,cloudcomputing,etc.Were invented. Itmadeiteasy forbusiness and people toperform daily task. 3.3 Extensive growth through Cloud The innovation in technology has led to evolution of cloud computing (Pasupuletiand Ramachandran,2018). it is a combination of shared computer resources through which high quality services are provided. Basically, it includes a host server which stores, manage, access, etc. data and information in effective way. usually, these types of services are provided by third parties. Businesses are highly benefited from cloud computing. there has been rapid growth in cloud computing industry. it has provided a platform to use as a medium to expand services in large area. However, it has also enabled business to depend on third parties. Thus, they are able to focus on other areas. with using it, services are provided all over the world. It has allowed business to interact with large number of people and build customer base. However, small companies are also able to grow by using cloud. The flexibility in using cloud has made it easy for business to increase range of operations. many start ups are been started due to cloud computing. they are also engaged in providing various cloud computing services. this has raised in expansion of operation. However, many new services are been generated as well. So, small firms are using those to grow and develop. 4 Competitive Advantage of AI 3
4.3 Positioning Analysis AI has become a major source to do complex operations in easier way. it has allowed the to increase their productivity. the use of AI has benefited in production and designing of complex products (Moallem,Mousaviand Naghibzadeh,2015). in addition to it, AI has led to gain in competitive advantage in market. by using it, businesses are able to create product value so that customer are retained. According to Gartner, there are four quadrant that are leader, masters, contenders and pacesetters. AI is been placed in leader quadrant (Gartner quadrant. 2017). It is because use of AI helps in generating customer value. By providing high and unique services to people, companies are able to distinguish it from its rivals. This results in attracting large number of people and retaining them. there are many factors which provide competitive analysis. For example, reducing complexity of task results in innovation. Through this, new product and services are developed. another factor is creating customer value makes a unique image in market. due to this, AI is positioned in Leader quadrant. 4
4.4 Competitors or alternatives The use of AI by many companies in UK has given them a competitive advantage. this is because they are able to ensure service and product quality which has led to retain customer (Bosch,Chenand D’Mello,2014). Moreover, AI includes data analytics which had made it easy for business to analyse information in quick way and taking decisions. along with this, data analytics has helped in determining needs of people and analysing market conditions. Then, accordingly strategies are developed. AI has increased capacity of organisation to develop new products. furthermore, AI is concept of which there is no alternative. This restricts businesses to implement in their functions. Also, AI requires high cost and in depth machine learning to implement it. the functions included in are not complex to maintain and control. 5
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4.5 Unique Advantage of Technology Technology has not only provided advantage to business, but also society is highly impacted. It has resulted in improving the living standards of people. they are able to fulfil their needs. it has led to increase in desire for more. moreover, rise in providing services at large level has allowed everyone to access it (Kwonand Lee,2018). the unique advantage of AI is it has reduced complexity of task. Business can easily perform all task in effective manner and attain goals. AI has allowed in maintaining quality of product by identifying small errors and eliminating it. beside this, integration of AI with internet has resulted in smart lock, smart homes, etc. it has allowed people to communicate through internet. they overall machines has become automated. Both business and people are able to control things in systematic way. moreover, AI has benefited in maintaining consistency of business operations. AI uniqueness is it helps in making things easier. When integrated with machines it ensures that activity is performed in creative way. for example, robots are used in assembling of vehicles. so, they ensure that each part is fixed at particular place. Moreover, it supports workers in fast and quick assembling of parts. Similarly, in fast food industry robots are used in taking and delivering orders. With help of it, data is processed quickly and order is prepared. now, businesses are focusing on developing these areas so that their operational efficiency can be enhanced. 5Sustaining or Developing Tech-Innovativeness 5.1 Advancing Use or Technology with State of the Art Technology It is important to maintain efficiency of AI systems to that in future with advancement in technology there is no negative impact on it. also, by developing proper strategies and systems AI can be used in effective way. due to this business will be able to implement AI and use it. in addition to it, with advance use of AI many changes can be made (Kheirkhahand Tabatabaie, 2015). By using it quality of products and services can improved. it will also help in improving social life of people by providing them high quality goods. In many areas such as supply chain and logistics management, marketing, etc. AI can be implemented. Hence, operational efficiency will improve leading to more productivity. AI will also lead to innovation in technology and diversifying application by delivering services. the continuous use of AI will be beneficial in making all things automated. It is expected that soon robots will replace humans and perform all activities. This will save time as well cost and providing all facilities instantly. 5.2 Review of State of the Art Literature 6
According to (Malusare and et.al., 2017) AI is a complex technology which is not easy to implement. It is because it requires extensive research and application for support. In present times, businesses in UK are highly focused on implementation of AI to grow and compete in market. for this they are investing huge amount in research and technology. This has helped them to determine needs and create a plan to implement AI. as said by (Daryanavardand Harifi, 2018) UK requires an improved and proper IT infrastructure for greater connectivity. This will boost small and medium enterprise to implement AI. it has been said that there are many other things which has to be taken into consideration. It requires in depth learning and understanding of AI application and systems. As AI includes complex algorithms and machine learning language to be tested, it must be implemented as per needs. The companies operating in UK needs to understand risk and challenges related to AI so that strategies can be developed. It will help them to mitigate risk and overcome challenges by taking proper measures. Moreover, policies and standards must be formed so that AI is used in ethical manner. Personal opinion and recommendation – In my view AI has made life of people and way of doing business easy. It has helped in maintaining quality of products. also, in future AI will be highly used in other sectors as well such as Airline, hospitality, etc. this will ease and fastened the process of performing daily activities. I think that AI has become a major source for businesses to gain competitive advantage. Recommendation- BusinessesshoulddetermineneedssothataccordinglyAIapplicationscanbe implemented. They must develop a proper plan and proceed in step by step manner. Besides this, AI system must be maintained to enhance their efficiency. It will help in coping up with technological advancement. There must be some policies set so that AI is worked upon it. Conclusion Hereby, it is concluded that technological advancement will help UK in increasing their GDP to a great extent. The implementation of AI has created a platform to enhance productivity of business. they are able to develop new products at low cost with high quality. It is expected that in 3-5 years there will be a complete transformation in doing business in UK. therefore, companies existing in UK can install effective systems to maintain AI. this will help in updating theirmechanismindevelopingproducts.Also,certainstandardscanbesetsothatAI 7
performance can be measured. Thus, on basis of it systems can be tested and installed in effective way. another thing business can do is determining needs of AI and then developing plan. This will help in ensuring that AI fulfil needs and attain goals and objectives. This has also helped in ensuring that standards are maintained and procedure is followed. Many businesses have developed a proper policies and procedure related to use of applications. 8
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REFERENCES Books and journals Bosch, N., Chen, Y. and D’Mello, S., 2014, June. It’s written on your face: detecting affective states from facial expressions while learning computer programming. InInternational Conference on Intelligent Tutoring Systems(pp. 39-44). Springer, Cham. Daryanavard, H. and Harifi, A., 2018, May. Implementing Face Detection System on UAV Using Raspberry Pi Platform. InElectrical Engineering (ICEE), Iranian Conference on(pp. 1720-1723). IEEE. Ji, Y. and Xiong, Y., UBTECH Robotics Corp, 2018.Face detecting and tracking method and device and method and system for controlling rotation of robot head. U.S. Patent 9,892,312. Kheirkhah, E. and Tabatabaie, Z.S., 2015. A hybrid face detection approach in color images with complex background.Indian Journal of Science and Technology,8(1), pp.49-60. Kwon, B.M. and Lee, K.H., 2018. An introduction to face-recognition methods and its implementation in software applications.International Journal of Information Technology and Management,17(1-2), pp.33-43. Malusare,P.andet.al.,2017.FaceandPersonRecognitionfromUnconstrained Video.International Journal of Engineering Science,4295. Moallem,P.,Mousavi,B.S.andNaghibzadeh,S.S.,2015.Fuzzyinferencesystem optimized by genetic algorithm for robust face and pose detection.International Journal of Artificial Intelligence,13(2), pp.73-88. Pasupuleti, S.B. and Ramachandran, P., 2018. Vision Intelligence System for Power Management Using Human Activity Detection System. InIntelligent Embedded Systems(pp. 225-240). Springer, Singapore. Online Gartnerquadrant.2017.[online]AvailableThrough: <https://blogs.gartner.com/anthony_bradley/2017/01/03/gartner-launches-frontrunners-a-new- type-of-quadrant/> Technologicaldevelopments.2018.[online]AvailableThrough:< https://www.timetoast.com/timelines/major-technological-developments > 9