How Would Artificial Intelligence Help Organizations to Improve Productivity and Efficiency

Running head: HOW WOULD ARTIFICIAL INTELLIGENCE HELP ORGANIZATIONS TO
IMPROVE PRODUCTIVITY AND EFFICIENCY
How would Artificial intelligence help organizations to improve productivity and efficiency?
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HOW WOULD ARTIFICIAL INTELLIGENCE HELP ORGANIZATIONS TO IMPROVE
PRODUCTIVITY AND EFFICIENCY''
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Table of Contents
Introduction:....................................................................................................................................3
Conceptual framework:...................................................................................................................3
Concept of artificial intelligence (AI):............................................................................................4
Safely and rapidly harnessing the power of AI:..............................................................................5
Economic potential of AI:...............................................................................................................6
Impact of AI in creating new job structure:.....................................................................................7
Role of AI in changing environment:..............................................................................................8
Impact of AI on working time:........................................................................................................8
Social implications of AI:................................................................................................................9
Significance of AI to promote business growth:.............................................................................9
Gap in literature:............................................................................................................................10
Summary:.......................................................................................................................................11
References:....................................................................................................................................12
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HOW WOULD ARTIFICIAL INTELLIGENCE HELP ORGANIZATIONS TO IMPROVE
PRODUCTIVITY AND EFFICIENCY''
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Introduction:
Artificial intelligence (AI) technologies are increasing in a rapid manner with wide
ranges of benefits in economies, societies, communities and individuals. Russell and Norvig
(2016) commented that in every sector, AI is playing a major role in improving the
organizational efficiency by paving the way for the firms to produce high quality of products or
services. With the assistance of AI, the business environment is experiencing a smooth transition.
According to Russell and Norvig (2016) AI has actually revolutionized the way of running
business and enabled the firms to sustain in the highly unpredictable business environment.
Present paper would put forth the discussion of the role of AI in contemporary business scenario.
Conceptual framework:
Figure 1: Conceptual framework
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Automated information system
Automated decision support
system
Personalised learning
Effecive ware house and supply
chain
Flexible working schedule

HOW WOULD ARTIFICIAL INTELLIGENCE HELP ORGANIZATIONS TO IMPROVE
PRODUCTIVITY AND EFFICIENCY''
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(Source: As created by the author)
Artificial intelligence is one of the most significant factors in the contemporary times as it
is making the entire business process automatic. Through AI, the firms can be able to access
automatic systems to gather necessary information and align them in the internal process to
strengthen the value of business. In addition, through AI, the companies are also becoming able
to have automated business process which is the key of improving the organizational efficiency.
Concept of artificial intelligence (AI):
Artificial intelligence (AI) is defined as the ability of a high quality machine and the
computer in order to think and learn effectively. This is entirely based on the idea of creating an
effective machine which can act like human. As discussed by Lu et al (2018) Artificial
Intelligence is considered as the interdisciplinary concept which deals with the possibility of
creating an intelligent machine which is capable of interacting with the environment and gathers
all the relevant data as required. Krishnamoorthy and Rajeev (2018) observed that machine
learning is one of the major and contemporary applications of AI which is based on the
development of effective computer program which is capable of accessing the data and
evaluating them automatically without any kind of human assistance.
Thus, it can be said that AI is basically the bunch of technology which comprises of
machine learning and several other technologies such as natural language processing and neural
networks. As per the perception of Steels and Brooks (2018) these technologies are the key
factors of running the crucial internal activities of a firm in an effective manner. AI is basically
the human intelligence process of machine learning which include learning, reasoning and self-
correction. Learning is the process of acquiring effective information and following the rules in
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