Technological Innovation - an overview

Running head: INNOVATION AND TECHNOLOGIES
Innovation and Technologies: SBM4301 Innovation and New Technologies
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Author’s Note-

INNOVATION AND TECHNOLOGIES1
Table of Contents
Topic................................................................................................................................................1
Introduction......................................................................................................................................1
Basic concept of AI.........................................................................................................................1
Reshaping of Innovation process.....................................................................................................3
Industries using artificial intelligence..............................................................................................5
Uses of artificial Intelligence...........................................................................................................5
Benefits of AI..................................................................................................................................6
Risks of using AI in business...........................................................................................................7
Conclusion.......................................................................................................................................7
Bibliography....................................................................................................................................9

INNOVATION AND TECHNOLOGIES2
Topic: Technological Innovation in Artificial Intelligence in business
Introduction
The concept of artificial technologies has been used through years and new development
of technologies, there should be huge demand of human learning in computational aspects.
Artificial intelligence includes manifold tools and different technologies that can be used in
different ways. AI includes different technologies that enables information system and the
applications for acting and for comprehending (Lu et al. 2018). AI includes the ability of the
computer systems for exhibiting the intelligence that is actually used for improving efficiency
and the quality of the systems. The technologies in AI needs different set of skills and includes a
new mind-set for developing solutions for the problems that cannot be solved in with the help of
other technologies.
In the business process, AI has wide use. In most of the cases, people interact with AI in
business in some ways or the other. Artificial intelligence is a wide aspect and refers to computer
software which are engaged with activities from learning, problem solving and planning
(Gunning 2017). There are methods included in artificial intelligence and those methods are
machine learning, deep learning, and natural language processing. Artificial intelligence in the
business helps to increase competitive advantage and helps to improve efficiency. AI provides
advanced automated interactions with the customers, and the workers. With help of AI, the
business can multiply the productivity with automating the processes.
Basic concept of AI
Artificial Intelligence is considered as a branch of computer science that is concerned
with making of different software which has the ability to think and give reactions like humans.

INNOVATION AND TECHNOLOGIES3
AI has the capability to respond to the new inputs that are included in them and can also learn
from their experience (Hassabis et al. 2017). The applications of AI is capable of making
decisions as well as the humans do. Artificial Intelligence includes the ability of the machines or
computer program to think as well as to learn by performing certain tasks. The basic concept of
AI mainly depends on the idea of building the machines those are capable of acting, thinking as
well as learning like human beings. AI includes creating machines those are capable to
understand environment and understand problem and act accordingly as per the situation.
There are two sub aspects of AI. Those are machine learning and deep learning. Machine
learning includes application provided by AI and the system of machine learning has the ability
to learn automatically from their environment (Jackson, 2019). The application of machine
learning can improve their performance without being programmed explicitly. Machine learning
mainly focuses on developing the computer program those are capable to access data as well as
learn from those set of data. Aim of Machine learning allows system to learn automatically
without any human intervention or help and act as per the situation.
Deep learning is another aspect of artificial intelligence and is a broader aspect for the
machine learning. Deep learning emulates the approach of learning that are used by the human
beings for gaining certain knowledge (Szolovits 2019). The algorithms of machine learning is
basically used for machine learning and included in hierarchy for increasing the complexity as
well as abstraction. The process of deep learning is similar to the human neurons and thus they
are sometime called as deep neural learning. Each of the algorithm in deep learning includes a
non-linear transformation as its input and uses the things that learns in creating statistical model
as the output. Iterations in deep learning continues until achieving the output.
Reshaping of Innovation process