Managing People and Organisation

Running head: MANAGING PEOPLE AND ORGANISATION
MANAGING PEOPLE AND ORGANISATION
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1MANAGING PEOPLE AND ORGANISATION
Introduction
Organizational intelligence is referred to the competence of an organisation to create
knowledge and utilize it in order to strategically adapt to its environment. Such intelligence
similarity to an individual IQ but has been generalized as an organizational level. Smith (2019)
in the news article published in Financial times have stated mentioned that Australian regulators
are inclining towards the use of artificial intelligence in order to boost compliance across the
finance industry. Human intelligence of several employees is primarily combined with the
artificial intelligence of machines contained in intelligent buildings and further allocated through
intelligent cyberspace (Charlesworth, 2014). The following paper will evaluate the use of
artificial intelligence in modern organisations and the way artificial intelligence has been
integrated into organizational intelligence.
Discussion
The Financial Times news article has shed light on the severe criticisms Australian
regulators have been receiving for showing incompetence in preventing banks from exploiting its
consumers. Report of Smith (2019) has revealed that international expenditure on cognitive as
well as AI technologies has amplified to around $25bn since past year and up approximately
45% from 2017. However, it has been further projected that 2019 will witness banks to spend
around $5.6bn which is next to the expense generated by the retail sector.
Drawing relevance to this news article, reports of Jakšič and Marinč (2019) have revealed
that distributed artificial intelligence primarily refers to the area of study and design of systems
forms of several interacting items, logically as well as specially distributed which can be

2MANAGING PEOPLE AND ORGANISATION
considered in certain sense to be autonomous and intelligent for the organisation. Extensive
access to artificial intelligence technologies in modern organisations has accelerated digital
transformation. Such transformation has been considered to be a journey which will stimulate
employee processes mechanisms and leadership with advanced technological services.
According to Smith (2019) artificial intelligence technologies tend to permeate more
organisations along with greater number of parts within organisations whereby the basics of
leadership required to be re-evaluated starting from the general strategy to consumer experience
to the most competent way to set up technology and human capital . Furthermore, Smith (2019)
in the news article has mentioned that one of Asic’s pilot programmes engages efficiently
implementing advanced software in order to scrutinise financial planning documents, online
sponsorship and advertisements to guarantee that these organizations do not support
problematical suggestion or violate regulations.
According to Licato and Zhang (2017) business leaders engaged to modern organisations
not only need to evolve rapidly in this new as well as dynamic business setting but further
necessitate ability to support change throughout the organisation. This significant change is
essentially needed in order to bridge the gap between conventional and newly developed
business and work realities (Charlesworth, 2014). Smith (2019) in the news article has given
similar opinion and mentioned a separate examination which will use AI to scrutinize and screen
discussion between insurance sales agents as well as consumers to categorize possible “hard-
sell” strategy or failures to obey with disclosure rules.