Artificial Intelligence and Its Importance in Digital Technology and Business

Digital Technology and
Business

Table of Contents
INTRODUCTION ..........................................................................................................................3
TASK 1............................................................................................................................................3
Importance of AI and Platforms..................................................................................................3
Task 2...............................................................................................................................................5
Relationship between digital technology and old/new theories..................................................5
Use of AI in Business Model......................................................................................................6
CONCLUSION ...............................................................................................................................7
REFERENCES................................................................................................................................8

INTRODUCTION
The technology may be defined as the application of science which is used to solve the
complex problems by the invention of the useful tools. It makes the task easier and helps in
saving of time and energy. The work can be done within seconds such as calculation of larger
digit numbers and many more useful work (Popkova and Gulzat, 2019). This report is based on
Artificial Intelligence and the review of themes along with the description of the AI and the
trends and emerging theories of that influence the business and management. It also covers
various types of e-commerce models in which it can be used in an effective way.
TASK 1
Importance of AI and Platforms
Artificial Intelligence has the ability to understand human understanding, perception,
planning that is recognised by the software in a very effective and efficient manner with a
minimum cost. This is the very important which should be considered in he dynamic world of
technology. It is based on some algorithms which mimics the human behaviour through the
applications. It enables the computer to act and think like humans. In recent years, it has evolved
as a powerful tool with improved in various areas such as in the speech recognition, vision and
generation (Aithal and Aithal, 2019). It helps in increasing the efficiency of the work by
automating the routine process which makes the task easier and faster. It helps in elimination of
human errors and the availability of all 24*7. It enables in faster decision making as compared to
human with a low rate of error. In various segments the AI has developed its algorithm
applications better which makes the work easier and quicker. It helps in perceiving the
environment and deals with certain obstacles in a very effective way. It gathers the data from the
various sensors of different components of system and stores in its memory. In today's world it
becomes very important in various industries. Earlier, human is needed to analyse and solve the
problems according to his thoughts and perceptions but AI has replaced by introducing machine
learning with the similar capabilities of a human. AI is developed by the human and the system
learn and grow based on the surroundings. It is different from human learning as it does not
have IQ which makes it unique. The applications of AI can perform better as compared to human
with accurate results and with more objective. AI used in various platforms and can be used in
several business operations.