How Artificial Intelligent Transform Business
11 Pages2936 Words326 Views
Added on 2020-12-09
How Artificial Intelligent Transform Business
Added on 2020-12-09
ShareRelated Documents
Face-detecting system
Table of ContentsIntroduction......................................................................................................................................1Main body........................................................................................................................................1Conclusion.......................................................................................................................................6REFERENCES................................................................................................................................7
Introduction In present era of digitalization and technological advancement there has been a greattransformation in businesses. Technology is playing a crucial role in economic growth ofcountries. it is highly contributing in GDP of nation. Due to this, developing countries are gettinghigh benefit. The evolution of AI has boosted growth of research and development. in recenttime, there has been many technology innovations occurred in UK (Daryanavard and Harifi,2018). it has resulted in rise in percentage of GDP. it is said that with continuous use of AI, UKwill add huge amount in their GDP expected 10.3%. AI has improved the operational efficiencyof industries. It is not only limited to one sector but is also used by SME. This has acceleratedgrowth in GDP. moreover, a new and updated IT infrastructure has been developed bygovernment. It has provided vast number of opportunities for businesses to expand in differentmarkets. Due to this social life of people has improved as their needs are fulfilled. This reportwill describe about how AI has transformed way of doing business. it will also discuss whatchanges has occurred in UK economy by using AI. Positioning in market – today AI has developed a unique image in market. it has the latesttechnological 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 IndustryInformation technology is playing significant role in growth and development ofbusiness. the major advantage it has provided is to small and medium enterprises who are able toenter in market with new and innovative products and services. there are many functions whichis played by IT. the main function is to store, manage, process, etc. data and information. Withhelp of it, businesses are able to take effective decision (Malusare and et.al., 2017). moreover,IT helps in managing of operations and monitoring it. its another use is in tracking of data fromdifferent sources and interpreting it to get proper results. Technology has made the operationsautomated which has reduced involvement of humans. other than this, it has created a centralisedcommunication structure through which data and information is quickly shared. The enterpriseswhich are globally expanded have connected their operations. 1
Facial recognition of AI- AI consist of high tech features which enables in using robots in doingof task. With integration in machines it becomes easy to do complex task in more effective andefficient way. this saves cost as well time. The technology is very expensive. It requires hugeinvestment in developing and implementing. Also, high and advance technology is required tomaintain it. AI has helped in generating brand value in market for companies. auto mobile sectoris highly benefited with this. They have distinguished their model, design etc. by using AI anddeveloped high brand image. 3.2 Time-line of Tech-DevelopmentTechnological advancement has taken place over a particular period of time. Thecontinuous changes in technology has provided new tools and equipment’s. this has enforcedbusiness to make changes to cope up with advancement (Technological developments. 2018). Itis been said that from past 75 years almost 900 technological inventions are done. There hasoccurred many technological developments which is as follows :- YearDevelopment1950here, first E mail was sent at MIT. Also,ARPANET was developed through whichinternet ancestor are connected.1980at this stage first personal computer wasdeveloped and launched by Microsoft. Also,first Microsoft word software was launched.During last 19th century world wide web atCERN was built (Ji and Xiong, UBTECHRobotics Corp, 2018).1990till this stage optical fibre were developed.moreover, IBM thinkPAD 700C laptop wascreated. Also, peer to peer fie sharing systemwas launched and Sirius satellite radio wasintroduced2005this year was a major transformation year intechnology. in this many things wereintroduced and developed. the social2
End of preview
Want to access all the pages? Upload your documents or become a member.
Related Documents
Report on Maximizing Resources to Achieve Business Successlg...
|13
|2302
|23
Automation in the Hotel Sectorlg...
|8
|1615
|94
Artificial Intelligence in Fashion Marketlg...
|19
|3903
|359
Entrepreneurship technology and societylg...
|10
|3454
|15
Challenges and Issues in Retail Industrylg...
|8
|2601
|40
The role of Artificial Intelligence in Software Engineeringlg...
|23
|6745
|122