TITLE: “The impact of digital technology on the business activity of an organisation”. CHAPTER 1: INTRODUCTION Overview of the Research Digital tools and technologies are considered as the integral part of implementing innovation within the market place. Advance tools and technologies has a huge impact on the operations and business activities of the firmas digital equipments are effective in enhancing the production and operations of the firm(Beetham and Sharpe, 2013). Artificial intelligence is refered as an essential component of digitalisation, which performs significant role in enhancing the operations of the firm in effective and efficient manner. In the world full of advance technologies, human's life are very much depend on the use of digital tools and technologies because these are effective in making human's life more easy and reliable. Thus individual's are concern on using digital technologies as to satisfying their needs and wants, like artificial intelligence, mobile technologies, web applications are effective in providing various long term and short term benefits to the people. Small as well as large business enterprises are involved in using digital tools and technologies as to reduce human efforts and making organisational operations more effective. The potential use of digital technologies is to maximising the operations of the firm through implementing right tool at right place.Pico Technology Ltd is a selected organisation for this particular report. The present report is based on analysing the influence of digital technologies on the business activities of the firm. This report contents the study about the aim which is related with the use of artificial intelligence and its role in driving innovation and product growth (Benckendorff, Sheldon and Fesenmaier, 2014). Objectives are created as tocarry out a proper theoretical framework as to drawing an appropriate outcome with the use of proper research methodologies. Data analysis will be implemented as to determining the opinion of respondents. Background of the Research Digital advancement is refers as the most important component which has a direct or indirect influence on the operations and activities of the firm. In the modern business era competition is considered to be the high at market place and organisations are widely concern on enhancing their operations through using appropriate tools and technologies. The implementation 1
of digital technologies are effective for the growth and development of the business as these are appropriateinreducingextrahumaneffortsfromtheoperationsofthefirm.Artificial intelligence is a form of digital technology which refers as an essential source that plays vital role in maximising the operations and production of the firm by using advance technologies (Bizirgianni and Dionysopoulou, 2013). Artificial Intelligence is refers as an area of computer science which emphasizes the creation of intelligent machines which work and react like a human being. Pico Technology is a PC based company, which design, develops and distribute the most leading and innovative PC'sand data-loggers. The company mainly offers their facilities to the automotive industry world-wide. The company was established in the year of 1991 by the Alan Tong with the motive of capturing a wide area of market. The major focused area of the firm is to grab attention of huge number of customers through offering wide variety of innovative products and services. In this modern world. human life is very much based on digitation and they use digital equipments as to fulfilling the basic wants and preferneces of buyers at market area. The major concern on the firm, Pico Technology Ltd is to enhance their profitability in order to achieving higher competitive edge through offering variety of high qualityandadvanceproducts.ThepresentresearchwillcarryouttheuseofArtificial intelligence and its role in driving innovation and product growth. Products is considered as the representative of the firm, so it is the major obligation of the firm to develop attractive and innovative products as to providing competition to their rivals and attain high profitability and growth. Rational of the Research A research is conducted, for fulfilling some personal as well as professional purposes. The major reason for conducting a research is to overcome with the issues of the previous research through providing more depth knowledge on a specified area of study. An another reason for conducting the research is to enhance the knowledge and skills base of a learner in the selected area of study (Brynjolfsson and McAfee, 2012). A proper evaluation on a specified topic helps the learner in attaining growth in their future aspects by attempting similar kind of researchers. A well structured research provides a brief analysis on a particular issue and develops the knowledge base of people which helps them in conducting their future research in more appropriate manner. Artificial intelligence is a wide area of digital technologies and it is essential for each individual to have knowledge about such concepts which are now a days 2
effective for the growth and development of the business. The present area of study helps the learner in developing their knowledge base in the area of artificial intelligence and its use within the working place as a source of maximisation of production. Significance of the Research The research into consideration is based on the use of Artificial intelligence and its role in driving innovation and product growth. As this area of study is effective in analysing the various aspects of digital technologies that are essential for the business growth (Brynjolfsson and McAfee, 2014). Artificial intelligence is determined as the key aspect of digital technology, which has a huge influence on the business activities. Artificial intelligence is refers as the theory and development of computer systems which able to perform the tasks normally that are requiring human intelligence like visual perception, speech recognition, decision making and translation among different languages. A proper determination on digital components are beneficial for an organisation to use the tools in right direction. In the competitive era the major purpose of each small as well as large business enterprises is to reaching at higher position within the market place through developing their operations. Artificial intelligence is a crucial aspect which considered to be the best source for the growth and development of an organisation. In the previous decades organisations were struggling for enhancing their operations as they were based on traditional tools and methods, in which human efforts are required. Moreover due to innovation organisations are now using digital tools and technologies in respect to enhancing their operations and production. Research Aim This comprise to be the most fundamental piece of research work as it helps in giving a critical bearing to the researcher to complete the investigation work in right way (Buhalis and Foerste,2015).Researchaimrefersasthepredetermineddeclaration,whichdepictthe exploration issue in the form of statement. The significant aim of this particular research is “To analyse the use of Artificial intelligence and its role in driving innovation and product growth”. A case study on Pico Technology Ltd. Research Objectives This is in addition an another real piece of research work which is interconnected with the purpose of the investigation and it is majorly based on the research issue. This segment of 3
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investigation is sensible in giving a correct system to researcher to execute all exercises of research in a compelling way. The vital targets of research are delineated as under: To identify the concept of Artificial intelligence and its influence on business. To evaluate the importance of Artificial Intelligence in driving innovation and product growth in Pico Technology Ltd. To determine the ways through which artificial intelligence can be used for development of business operations. Research Questions This can be considered as the imperative piece of research work, which gives proper assistance to the investigator to conducting the section of literature review in effective manner (Cohen and et. al., 2014). In thisinformation must be accumulated through analysing the opinion and views of authors who are having significant knowledge about the select area of study. The important questions of the research are described as below: What is the concept of Artificial intelligence and its influence on business? What are the importance of Artificial Intelligence in driving innovation and product growth in Pico Technology Ltd? What are the essential ways through which artificial intelligence can be used for development of business operations? Time Scale This considered as the most essential part of research investigation which helps in assisting a researcher in creating an appropriate frame in which all the activities of the research are implemented in effective manner (Del Chiappa and Baggio, 2015). This is the fundamental objectives of the researcher to create a time frame in respect to managing the resources of the firm in systematic manner. 4
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CHAPTER 2: LITERATURE REVIEW This is the most effective part of research work as it considered as to conducting an in- depth analysis as to providing an appropriate theoretical frame work to overcome with the issue of the research in effective manner (Di Pietro, Di Virgilio and Pantano, 2012). In this part of the research data has been gathered through secondary source like books, journals, online sites etc will be undertaken so better understanding onthetopic could be developed.In this proper description is given through analysing the opinion of various authors and writers. The concept of Artificial intelligence and its influence on business. Artificial intelligence is defines as an area of computer science which emphasizes on the creating of intelligent machines that works and reach like a human being. Artificial intelligence is the simulation of human processes through machines especially computer systems (Dickinson and et. al., 2014). The major applications of AI involves expert systems, speech recognition and machine vision.Now a days AI is considered as an umbrella term which encompasses on every thing through robotic process automation to actual robotics. AI can perform tasks like identifying patternsin the data more efficiently at the place of humans, that enabling businesses to achieve more insight out of their data.As per the views expressed by Christine Taylor, 2017, artificial intelligence is a crucial concept which has a huge positive influence on the operations of the firm as AI provides proper assistance in maximising the operations and production functions of the firm through applying smart and innovative technologies within the work place. Artificial intelligence has an interconnection with the operations of the firm, as in this modern business environment competition is on its peak and it is essential for each business firm to use new and advance technologies in respect to developing their business operations, so that growth can be attained in effective manner. Pico Technology Ltd is deals in leading PC based oscilloscope and data loggers, it is a small reputed organisation which is significantly focused in using new and innovative technologies like AI as toenhance their business operations for capturing a wide area of market(Egger, 2013). As a developing company Pico Technology Ltd. Is widely concern on applying AI as to producing more effective and unique computer systems and data collection tools. This also create value in expansion of business through capturing a wide market by the use of AI tools like online marketing etc. It has direct influence on the operations of the firm as 7
organisations are using artificial intelligence in order to reducing extra human efforts and completion of the work within given time duration. The importance of Artificial Intelligence in driving innovation and product growth in Pico Technology Ltd. As per the views expressed by Ben Rossi, (2017), the rise of artificial intelligence is reasoned as an necessary concept which plays vast role in developing the activities of the firm. Thus, the continuous development in technology represents a wealth of opportunities for an organisation is looking to up-skill their workforces and transform the user experience.AI is refers as an integral process among cloud computing, network devices, computers, robots and digital content production and in different business processes, systems and daily life operations (HojeghanandEsfangareh,2011). Currentlyorganisationsarewidely applyingrobotsor artificial intelligence but these are not considered as a robotics operations but these are known as artificial intelligence applications. PicoTechnology Ltd. Is a small business firm which is producing high quality PC as to satisfying the needs and wants of customers. The operations of the firm is categorised among three segments Test and Measurement, Automotive Diagnostics and Radio Frequency test products that are sold worldwide by a network of distributors. Artificial intelligence helps the firm in developing their operations through implementing various innovative technologies of production like machinery, data collection and manipulation tools, computer systems, social media technologies etc.As a small business firm the major motive of an organisation is to developing new and innovative products at market place through using advance technologies such as mobile applications, computer systems, social media tools etc. in respecttoattaininghighercompetitiveedgewithinthemarketplace.Therearevarious importanceofArtificialintelligenceindrivinginnovationandproductgrowthinPico Technology Ltd, in which some are associated as below: Real time assistance:Artificial Intelligence is determined as a useful element for organisation that required to regularly communicate with large number of buyers throughout each day. This create value in sustaining customers for long run of business operations (Hudson and Thal, 2013). Pico Technology Ltd is widely concern on applying AI as their information source in respect to building an effective relationship with their buyers. As a advance tool AI is 8
effective in managing the business operations and complete the goals within the specified period of time. Operational Automation:The major benefits of using AI is that it is effective in operating other technologies which are appropriate in developing the automation in business. Pico Technology Ltd. Is applying some smart AI tools like innovative machines, advance PC's etc. as to managing the operations and production automatically. Improve the recruitment process:AI is not much appropriate for recruitment companies but it is now providing help to the businesses to automate the procedure of recruitment of employees.It is able to quickly sift by applications, automatically rejecting those that do not meet the company’s personal specification. This not only saves time but it also ensures that there is no discrimination or bias in the short-listing process. Pico Technology Ltd. Is focused on hiring well educated and skilled people who are having appropriate knowledge and skilled in regards to the use of new and advance technologies. Thus, this create value in developing the operations of the firm through assigning right employee at right place. The ways through which artificial intelligence can be used for development of business operations. Artificialintelligencehasdramaticallychangedtheorganisationallandscape.An advanced AI algorithm offers much better speed and reliability at a very lower cost as compared to its human resources.Artificial intelligence, now a days it is not a theory but it it is a practical application, which is effective in improvising the operations of the firm in effective manner. In today's modern scenario, small as well as large business enterprises are using AI as to optimize their operations and processes or reap higher profitability and revenues (Jaeger, 2012). As a small business firm Pico Technology Ltd. Is using AI as to developing their business operations. There are various ways which are can be used by Pico Technology Ltd as to enhancing their operational in appropriate manner, in which some are described as below: Artificial Intelligence in e-commerce:The innovative and advance AI technologies provides high competitive advantages to e-commerce and it is significantly available to the organisations of any size or budget. implementingmachine learning, AI software automatically tags, firms and visually searches content by labelling features of the image or video. This is also effective in keeping organisational data safe. This tools is effective for the firm in discovering the goods on the basis of its size, colour, shape or en its brand. 9
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AI to improve workplace communication:Communication is considered as the most essential componentineachbusinessasitiseffectiveinimplementingcollaborationamongthe employees. The present business communication is full with various content, channels, tools and different solutions which are depriving people from their objectives and also has a huge influence on the work life balance (Laudon and Laudon, 2015). Artificial intelligence provides helps to the business in respect to improvising their internal as well as external communication channels, because it is essential in developing the operations of the firm through establishing coordination and collaboration. AI involves various communication channels like, mobile, telephone, email facilities etc. these all are effective in maintaining the appropriate flow of data and information within the work place. Humanresourcemanagement:ThelearningrelatedwithAIandmachineshave drastically changed and it is essential for the human resource department to higher well skilled and educated people who are having significant knowledge about the use of AI.HR is significantly to beone of the major areas of organisational concern which will benefit from AI for two major reasons. Primarily there are number of top quality information in HR, and secondly, HR is one of the essential part of any organisation which is both important and yet feels the level of pressure in regards to time. CHAPTER 3: RESEARCH METHODOLOGY Type of Research Investigation This is the most essential piece of research work, it is the duty of researcher to examine the kind of research as to advance towards right direction. An investigation is either qualitative or quantitative in nature (Lo and et. al., 2011). The qualitative research is emphasises on collection of information by qualitative means, in this manner an examination said to be qualitative when it manages human discernment a sentiments. On the opposite side quantitative research depends on the selection of measurable and quantitative devices. An investigation is known as quantitative when it essentially manages numerical statistical data. The present research report shows that the research into consideration is based on qualitative nature and it will directed by the use of theoretical aspects. 10
Research Design This comprise to be the blue print of the exploration as it gives a viable framework particular in regard to executing research exercises in all around arranged way. Research design is emphasises on three noteworthy types, for example, descriptive, exploratory and experimental research design (McCabe, Sharples and Foster, 2012). In the present research report descriptive research design has been used by the investigator as it is successful in leading qualitative research in proper manner and also plays vast role in drawing valid and reliable outcome through creating analysis on the specified area of study. Research Philosophy The research philosophy reflects on the conviction design which is taken after with respect to specialist for leading the investigation report in a correct way. It is basic for researcher to choose the reasonable theory in order to help the examination into right way. The exploration work can be based on two major aspects like interpretivism or positivism research philosophy. In the present research work interpretivisim philosophy has been connected by researcher as it is compelling in directing qualitative research in systematic way. Interpretivism philosophy is effective in providing a brief analysis through creating theoretical aspects on the specified area of study by analysing different perspectives of authors. Research Approach This can likewise be considered as the most basic piece of research fill in as it is important for a researcher to choose the most reasonable approach as to lead the exploration report in a right way. This can be ordered among two noteworthy parts, for example, deductive and inductive research approach (Molz, 2012). In the present research work inductive research approach has beentakenintoconsiderationbyinvestigatorasitisviableindrawingsubstantialand dependable result for achieving the objective of qualitative research. Data Sampling This is the significant piece of research methodology and it majorly replicates from the original population. It is the major concerned area of the investigator to select the targeted area from where data is being gathered in appropriate manner (Oliveira and Panyik, 2015). Data sampling is categorised among two major types such as probabilistic or non-probabilistic data sampling. In the presentresearch work purposive sampling techniquehasbeen used by 11
researcher as a part of non-probabilistic sampling. This method is appropriate in select the sample of population. The investigator tends to select the sample size of 30 respondents who are able to providing actual and reliable information in regards to the specified area of study. Data Collection Methods This refers as the primary consideration of an investigation as a research is based on data and information which are gathered by the investigator as to completion of the research work in an appropriate manner. In a research work data has been gathered through primary as well as secondary source of data collection. In the present investigation both the tools are applied by researcher as primary research is effective in conducting survey by preparing questionnaire as it is appropriate in gathering reliable and actual data relating to the topic (Morrison, 2013). Secondary source is effective in conducting the part of literature review through analysing the opinion of various authors that are available on secondary source like books, journals, online sites etc. which assist in gaining additional information onthesubject. Ethical Consideration Issues and conflicts are unwanted in nature, researcher faces various kind of issues and conflicts at the time of conducting a research work. Time is considered as the prior issue which needs to be maintained by the investigator through creating an appropriate time frame in which all the activities are mentioned as per their priority. Researcher needs to ensure their respondents about the security of their personal information, so that miss use will not be taken place. Cost is also an another issue and it is the major responsibility of an investigator to keep appropriate amount of funds and capital as some activities are cost consuming in nature and needs huge amount to be completed. Proper time management is required in order to reaching the desired goals and objectives of the research. 12
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CHAPTER 4: DATA ANALYSIS Questionnaire Q1) Are you aware about the concept of Artificial intelligence ?Frequency Yes26 No4 Q2) What are the common uses of Artificial Intelligence within an organisation?Frequency Data processing10 Automation8 Predictive Maintenance6 Data driven reporting6 Q3) Do you think that concept of AI is relevant to business organisations?Frequency Yes25 No5 Q4) What are the ways through which AI can assist organisation in influencing operations? Frequency Enhance data accessibility10 Greater implementation efficacy10 Effective resource use10 Q5)Doyouthinkthattheseabovementionedinfluencescontributeto organisational growth and development? Frequency Yes23 No7 Q6) How does AI relates to innovation?Frequency Probabilistic Programming8 Hybrid learning models7 13
Automated machine learning7 Digital twin8 Q7) What are the importance of Artificial Intelligence in driving innovation within Pico Technology Ltd? Frequency Real time assistance12 Operational Automation8 Improve the recruitment process10 Q8) Do you think organisation possess ideal resources to implement this incremental change within institution? Frequency Strongly Agree26 Strongly Disagree4 Q9) Does the implementation of Artificial Intelligence is beneficial for the growth and development of Pico Technology Ltd? Frequency Agree27 Disagree3 Q10)Do you have suggestion for analysing the influence of digital technology such as AI on business activity and their functions within Pico Technology Ltd. Theme 1: Mostly people are aware about the concept of Artificial Intelligence. Q1) Are you aware about the concept of Artificial intelligence ?Frequency Yes26 No4 14
Interpretation: As per the above given report it has been concluded that in this modern era people are very much aware about the differential tools and technologies and artificial intelligence is the widely applied concept which familiar to the people. 26 out of 30 people are in favour with this statement and remaining people are not in favour with the same as they are not aware about the concept of AI. 15 YesNo 0 5 10 15 20 25 3026 4 Column B
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Theme 2: The common uses of Artificial Intelligence within an organisation. Q2) What are the common uses of Artificial Intelligence within an organisation?Frequency Data processing10 Automation8 Predictive Maintenance6 Data driven reporting6 Interpretation: From the above given analysis it has been evaluated that there are various common use of artificial intelligence within the organisations. 10 out of 30 people said that data processing is the major component of AI, 8 people go with automation, 6 respondents select the option of predictive maintenance and remaining people go with data driven reporting. 16 Data processing Automation Predictive Maintenance Data driven reporting 0 1 2 3 4 5 6 7 8 9 10 10 8 66 Column B
Theme 3: The concept of AI is relevant to the business of Pico Technology Ltd. Q3) Do you think that concept of AI is relevant to business organisations?Frequency Yes25 No5 Interpretation: From the description of the above given chart it has been analysed that 25 out of 30 respondents are in favour with this statement that the concept of AI is relevant to the business of Pico Technology Ltd, because it is effective in developing the operations and processes of the firm in appropriate manner. 5 people believes that this concept of AI of little relevance to the organisation. 17 YesNo 0 5 10 15 20 25 25 5 Column B
Theme 4: The ways through which AI can assist organisation in influencing operations. Q4) What are the ways through which AI can assist organisation in influencing operations? Frequency Enhance data accessibility10 Greater implementation efficacy10 Effective resource use10 Interpretation: According to the above analysis of above given graph it has been determined that there are various ways through whichAI can assist organisation in influencing operations such as enhance data accessibility, greater implementation efficacy and effective resource use. There is an equitable distribution of the responses amongst the three answers. 18 Enhance data accessibility Greater implementation efficacy Effective resource use 0 1 2 3 4 5 6 7 8 9 10 101010 Column B
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Theme 5: The influences of AI is contribute to organisational growth and development. Q5)Doyouthinkthattheseabovementionedinfluencescontributeto organisational growth and development? Frequency Yes23 No7 Interpretation: As per the above given discussion it has been analysed that 23 out of 30 respondents are in favour with this statement that the the influences of AI is contribute to organisational growth and development as it is the most appropriate tool which is significantly applied by organisations as to enhancing their performance. 7 say that there is no contribution of AI in growth and development. 19 YesNo 0 5 10 15 20 25 23 7 Column B
Theme 6: Different measures are effective that helps in relating AI with innovation. Q6) How does AI relates to innovation?Frequency Probabilistic Programming8 Hybrid learning models7 Automated machine learning7 Digital twin8 Interpretation: According to the above given project it has been evaluated that there are various measures that are appropriate in relating the artificial intelligence with innovation. 8 out of 30 people go with the option of probabilistic programming, 7 respondents go with hybrid learning models, 7 people select the option of automated machine learning and remaining people go with digital twin. 20 Probabilistic Programming Hybrid learning models Automated machine learning Digital twin 6.4 6.6 6.8 7 7.2 7.4 7.6 7.8 8 8 77 8 Column B
Theme 7: The importance of Artificial Intelligence in driving innovation within Pico Technology Ltd. Q7) What are the importance of Artificial Intelligence in driving innovation within Pico Technology Ltd? Frequency Real time assistance12 Operational Automation8 Improve the recruitment process10 Interpretation: As per the description of the above given report it has been concluded that there are various approaches through which Artificial Intelligence assists in driving innovation within Pico Technology Ltd. 12 out of 30 people said that it provides a real time assistance, 8 people in the favour of operational automation and remaining people go with improve the recruitment process. 21 Real time assistance Operational Automation Improve the recruitment process 0 2 4 6 8 10 12 12 8 10 Column B
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Theme 8: Organisation possess ideal resources to implement this incremental change within institution. Q8) Do you think organisation possess ideal resources to implement this incremental change within institution? Frequency Strongly Agree26 Strongly Disagree4 Interpretation: As per the above given analysis it has been determined that as a small business enterprises Pico Technology Ltd is concern on possessing ideal resources to implement this incremental change within institution. 26 out of 30 people are strongly agree with this statement and remaining 4 respondents say that it is not possible for organisation to implement AI as it is an costly approach. 22 Strongly AgreeStrongly Disagree 0 5 10 15 20 25 3026 4 Column B
Theme 9: The implementation of Artificial Intelligence is beneficial for the growth and development of Pico Technology Ltd. Q9) Does the implementation of Artificial Intelligence is beneficial for the growth and development of Pico Technology Ltd? Frequency Agree27 Disagree3 Interpretation: From the above given report it has been concluded that 27 out of 30 respondents are agree with this statement that the implementation of Artificial Intelligence is beneficial for the growth and development of Pico Technology Ltd. And remaining people are not agree with the same as per their opinion AI is not much beneficial for the development of the firm. 23 AgreeDisagree 0 5 10 15 20 25 3027 3 Column B
CHAPTER 5: CONCLUSION, RECOMMENDATION AND REFLECTION Conclusion Form the above given analysis it has been concluded that artificial intelligence is a crucial concept which plays vast role in growth and development of the firm at market place.Artificial intelligence is alludes as a basic segment of digitalisation, which assumes noteworthy part in building up the tasks of the firm in successful and proficient way. In the world full of digitalisation,peopleareespeciallyinlightoftheutilizationofadvanceddevicesand technologies as these are powerful in making people life all the more simple and dependable. Small as well as large business undertakings are worry on utilizing computerized devices and advances as to decreasing human endeavours and making authoritative tasks more effective. Now a days AI is considered as an umbrella term which includes on everything through mechanical process computerization to real apply autonomy. AI can perform undertakings like distinguishingpatternsintheinformationmoreproficientlythanpeople,empowering organizations to achieve more understanding out of their information. AI is also refers as a fundamentalprocedureamongdistributedcomputing,arrangegadgets,PCs,robotsand computerized content creation and in various business procedures, frameworks and day by day life activities. As of now associations are broadly applying robots or computerized reasoning yet these are not considered as a mechanical technology tasks but rather these are known as artificial intelligence. Computerized technology, now a days it's anything but a hypothesis yet it is a artificial application, which is successful in assisting the activities of the firm in powerful way. In the present current situation, small and large business enterprises are utilizing AI as to enhance their tasks and operations as to attaining higher productivity and incomes. Recommendation According to the given report it has been said that there are different areas by which operations and activities of the firm can be implementing in effective manner. It is necessary for an organisation use appropriate tools and technologies which are effective in developing the operations of the form, through reducing extra efforts and cost. Artificial intelligence is an essential concept of digitisation as, now a days it plays essential role in managing all the operations of the firm through different aspects in order to improvising the operations of the firm in effective manner. 24
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It is proposed that organization must ensure the spending that is definite in such manner and take decision in appropriate way. Proper plans and structures must be drawn so authentic purposes of premium can be earned for passing on messages to enormous number of people with respect to the event about innovativeness festivity within the workplace. Moreover, from the research it is in like manner recommended that there are number of contenders that are available in the business focus in this way suitable techniques must be characterized that will return them high advantages and results in accomplishment of clear goals and purposes of the event. Reflection A research work is based on a specified study which is needs to be analysed through applying various tools and technology. In a research work various tools are applied as to gather actual and reliable information for drawing valid and reliable outcome. In the present research work data is mainly gathered through conducting marketing survey in which a questionnaire is prepared as to analysing the opinion of respondents. This is a most effective tool for gathering data and information as in this large number of data can be gathered through filling the questionnaire from the respondents. This is less costly method of data collection. The research is based on the use of AI in the business and its influence on driving innovation, this is a wide area and it is required for each individual to have appropriate knowledge and skills about digital tools and technologies in respect to enhance their knowledge and skills base. 25
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APPENDIX Questionnaire Name: Age: Gender: Email: Address: Q1) Are you aware about the concept of Artificial intelligence ? Yes No Q2) What are the common uses of Artificial Intelligence within an organisation? Data processing Automation Predictive Maintenance Data driven reporting Q3) Do you think that concept of AI is relevant to business organisations? Yes No Q4) What are the ways through which AI can assist organisation in influencing operations? Enhance data accessibility Greater implementation efficacy Effective resource use Q5) Do you think that these above mentioned influences contribute to organisational growth and development? Yes No Q6) How does AI relates to innovation? Probabilistic Programming Hybrid learning models 28
Automated machine learning Digital twin Q7) What are the importance of Artificial Intelligence in driving innovation within Pico Technology Ltd? Real time assistance Operational Automation Improve the recruitment process Q8) Do you think organisation possess ideal resources to implement this incremental change within institution? Strongly Agree Strongly Disagree Q9) Does the implementation of Artificial Intelligence is beneficial for the growth and development of Pico Technology Ltd? Agree Disagree Q10)Do you have suggestion for analysing the influence of digital technology such as AI on business activity and their functions within Pico Technology Ltd. 29
Research Proposal Form StudentName:______________________StudentID: ______________________ Centre Name:_____________________ Tutor:________________Date: ___________________ Unit:____________________ ProposedTitle:Impact of digital technology in order to enhance productivity and profitability of business – A case study Bloom Perfumery. Section One: Title, objective, responsibilities Title or working title of the research project (in the form of a question, objective or hypothesis) The significant aim of this particular research is “To analyse the use of Artificial intelligence and its role in driving innovation and product growth”. A case study on Pico Technology Ltd. Research objectives (e.g what is the question you want to answer? What do you want to learn how to do? What do you want to find out?): The vital targets of research are delineated as under: To identify the concept of Artificial intelligence and its influence on business. To evaluate the importance of Artificial Intelligence in driving innovation and product growth in Pico Technology Ltd.To determine the ways through which artificial intelligence can be used for development of business operations. Research Questions The important questions of the research are described as below: What is the concept of Artificial intelligence and its influence on business? What are the importance of Artificial Intelligence in driving innovation and product growth in Pico Technology Ltd? What are the essential ways through which artificial intelligence can be used for development of business operations?
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Section Two: Reasons for choosing this research project Reasons for choosing the project (e.g links to other subjects you are studying, personal interest, future plans, knowledge/skills you want to improve, why the topic is important): Thepotentialreasonforconductingtheresearchistodevelopingthecrietiraof knowledge base of learner in the area of digital technology and majorly the use of Artificial Intelligence in droving innovation and product growth. This also provides a brief discussion on the usefulness of digital technologies and its its influence on the business activities. Section Three: Literature sources searched Use of key literature sources to support your research question, objective or hypothesis: There are various kind of literature sources used in this study whom provide appropriate suggestion regarding the project concept and its working. Thus, following are several key literature sources which are going to include in this are: Standing, C., Tang-Taye, J. P. and Boyer, M., 2014. The impact of the Internet in travel and tourism: A research review 2001–2010.Journal of Travel & Tourism Marketing. 31(1). pp.82-113. Stiakakis, E. and Georgiadis, C. K., 2011. Drivers of a tourism e-business strategy: the impact of information and communication technologies.Operational Research.11(2). pp.149-169. Terzi, N., 2011. The impact of e-commerce on international trade and employment. Procedia-Social and Behavioral Sciences.24.pp.745-753. Werthner, H. and et. al., 2015. Future research issues in IT and tourism.Information Technology & Tourism. 15(1). pp.1-15-. Section Four: Activities and timescales Activities to be carried out during the research project (e.g research, development and analysis of ideas, writing, data collection, numerical analysis, tutor meetings, production of final outcome, evaluation, writing the report): There are various activities are going to involve in this project which required to analyse appropriately so that better results lead to get drawn. Various activities which will going to include for the project are: Determine the topic Creation of aim and objectives with questions Literature review Research methodology Questionnaires preparation Data Collection Data analysis Conclusion and recommendation Howlongthiswill take: Theprojectwilltake around 2.5 months just tobecompletedin effective way. 31
Milestone one: _________________ Target date (set by tutor): ____________________ Milestone two: _______________________ Target date (set by tutor): ______________________ Section Five: Research approach and methodologies What type of research approach and methodologies are you likely to use and why? The present investigation work is based on qualitative research as in this data is being gathered by researcher which are based on qualitative nature. In this inductive approach has been applied by the investigator as it is effective in conducting the qualitative research in right direction through providing appropriate description on the study. What your areas of research will cover: The present research work is depend on the analysis of digital technology and its influence on business activities and performance.The study will mainly cover the concept of Artificial Intelligence and its importance in the growth and development of business activities. Comments and agreement from tutor Comments (optional): I confirm that the project is not work which has been or will be submitted for another qualification and is appropriate. Agreed: ________________ (name)_______________ Date ______________ Comments and agreement form project proposal checker( IV sampling) Comments (Optional): I confirm that the project is appropriate. Agreed /Disagree:(Name of the IV)Date 32
Research Ethics approval form All students conducting research activity that involves human participants or the use of data collected form human participants are required to gain ethicalapprovalbeforecommencingtheirresearch.Pleaseanswerall relevant questions and note that your form may be returned if incomplete. For further support and guidance please see your respective Unit Tutor: Beforecompletingthisform,weadvisethatyoudiscussyourproposed research fully with your unit tutor. Please complete this form in good time before your research project is due to commence. Section 1: Basic details: Project title:“To determine the impact of digital media in order to maximise production and profit margin for business transformation – A case study in Bloom Perfumery” Student name: Student ID number: Programme: College Name: Intended research start date: Intended research end date: Section 2 Project summary Please select all research methods that you plan to use as a part of your project: InterviewsYesNo Questionnaires√YesNo ObservationsYesNo Use of personal recordsYes√No Data Analysis√YesNo Action ResearchYesNo Focus GroupsYesNo Others(Please specify) : Section 3:Participants Please answer the following questions, giving full details where necessary. Will your research involve human participants? Yes Who are the participants? Tick all that apply: 33
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Ages 12-16:Young people aged:17-18√Adults: 19- 60 How will participants be recruited (identified an approached)? Random sampling method as all belong to differ category and sections Describe the processes you will use to inform participants about what you are doing: Describe them through presentation which support in order to describe all associated things in a better concerning manner. How will you obtain consent from participants? Will this be written? How will it be made clear to participants that they may withdraw consent to participate at any time? Through questionnaire in written format so that better and appropriate decision lead to carried down. Studiesinvolvingquestionnaires:willparticipantsbegiventheoptionofomitting questions that do not wish to answer? YesNo√ If no please explain why below and ensure that you cover any ethical issues arising from this Studies involving observation: Confirm whether participants will be asked for their informed consent to be observed. Yes√No Willyoudebriefparticipantsattheendoftheirparticipation(i.egivethemabrief explanation of the study)? Yes√No Will participants be given information about the findings of your study?(This could be a brief summary of your findings in general) YesNo√ Section 4: Data Storage and Security Confirm that all personal data will be stored and processed in compliance with the Data Protection Act (1998) Yes√No Who will have access to the data and personal information? Only researcher whom is organising study During the research: Only me Where will the data be stored? In my system Will mobile devices such as USB storage and laptops be used Yes√No If Yes, please provide further details: After the research: Where will the data be stored? The data will not going to store anywhere once the management of consent company interpret it. How long will the data and records be kept for and in what format? Not more than 1 month after that it will get destroy Will data be kept for use by other researchers? 34
YesNo√ Section 5 : Ethical Issues Arethereanyparticularfeaturesofyourproposedwork,whichmayraiseethical concerns? If so, please outline how you will deal with these: It is important that you demonstrate your awareness of potential risks that may arise because of your research.Please consider/address all issues that may apply. Ethical concerns may include, but are not limited to the following : Informed consent. Potentially vulnerable participants. Sensitive topics Risk to participants and /or researchers Confidentiality/anonymity Disclosures/ limits to confidentiality Data storage and security, both during and after the research (including transfer, sharing, encryption, protection). Reporting Dissemination and use of your findings. Section 6: Declaration I have read, understood and will abide by the institution’s Research and Ethics Policy: Yes√No I have discussed the ethical issues relating to my research with my Unit Tutor: Yes√No I confirm that to the best of my knowledge: The above information is correct, and this is afull descriptionof theethical issues that may arise in the course of my research Name:Date:Please submit your completed form to your supervisor. 35