Digital Business & AI: Strategic Recommendations for Transformation

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Added on  2023/06/12

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Report
AI Summary
This report summarizes the role of Artificial Intelligence (AI) in driving digital transformation within businesses, highlighting its impact on business models, consumer experiences, and internal operations. It emphasizes how AI, particularly machine learning, enables computers to perform tasks requiring human intelligence, such as data analysis and decision-making. The report also notes the increased reliance on AI during the COVID-19 pandemic to maintain safe business operations. It concludes that AI is crucial for enhancing productivity, profitability, and efficiency while minimizing errors. Strategic recommendations are provided for retailers to leverage AI for targeted marketing, improved supply chains, and increased success rates. The report emphasizes the long-term importance of AI for business growth and development, referencing several academic sources to support its claims. Desklib provides more resources for students.
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Digital Business & New
Technology
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Table of content
INTRODUCTION
Summary of course work 1
Conclusion of course work 1
Strategic recommendations
CONCLUSION
REFERENCES
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INTRODUCTION
Digital businesses utilises technologies in order to make
the new value from the several value in different
business models, consumer experiences and the internal
abilities which assist its major functioning.
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Summary of course work 1
This aim the summary from the course work 1 which
is based on the digital transformation driven by
Artificial Intelligence in businesses as well as how it
has made a difference into the practicality of the
business organisations.
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In accordance to properly evaluate these different terms and their link among each
other a digital transformation which is driven by the Artificial intelligence is
commercial organisation has developed.
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In addition to it, AI which is known as the Artificial Intelligence is the application of
the any computer in order to function a work which is commonly done by the people
as they need intelligence as well as discernment of the humans.
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Artificial Intelligence is completely based on the machine
and deep learning in which the algorithms are made that
can perform the practices of the human intelligence. In
additional machine learning is the tech which the data of
the consumers for the appropriate learning and in turn
better the capabilities to resolve the complex task.
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At the time of COVID 19 there is the major abidance of the
artificial intelligence in accordance to function business with
the safety in order to maintain more distancing in all the
types of the businesses.
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Conclusion of course work 1
From the course work 1 it has been concluded that
artificial intelligence is one of the most advantageous for
the commercial organisations in driving the digital
transformation in the business world making the owners
of the business in providing the assistance by
technology more and more in order to increase the
productivity and profitability.
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Furthermore, artificial intelligence is more helpful for the business organisations in
order to operate as rapid pace with having low chances of the errors as well as having
more better efficiency in the operations of the business.
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Strategic recommendations
Retailers can utilise artificial intelligence in order to
improve target by efforts in marketing as well as develop an
effectual distribution chain and improve the success rates of
the businesses.
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Efficiency and productivity
Better quality and minimisation of the error made by humans
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