A Deep Dive: AI's Impact on Enterprise Software Development

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Added on Ā 2021/08/13

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This report examines the transformative impact of Artificial Intelligence (AI) on enterprise software development. It explores the benefits of AI integration, including improved security, bug detection, strategic decision-making, and accurate estimations. The report also delves into the application of AI in natural language processing for market intelligence, automated code creation, and prototyping. Furthermore, it analyzes how AI is shaping business models, enhancing customer service, talent acquisition, and sales processes. The document also addresses ethical considerations, including potential biases in AI-driven decision-making and the implications of AI's role in decision-making without human oversight.
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Table of Contents
Role of Artificial Intelligence in Enterprise Software Development..............................................1
Why Artificial Intelligence is Future for Enterprise Software Development..................................1
Security of enhanced data:...........................................................................................................1
Identifying bugs and errors would be easy:.................................................................................1
Build stronger strategic decision-making software:.....................................................................2
Improved estimate accuracy:.......................................................................................................2
Production of natural languages to promote market intelligence................................................2
Benefits of Opting AI for Enterprise Software Development.........................................................2
Automatic code creation saves time.............................................................................................2
Conducts quick and effective testing...........................................................................................2
Generates special prototypes of applications...............................................................................3
Allows quick prototyping.............................................................................................................3
Budgeting automatic project........................................................................................................3
Business Enterprises Shaping AI Growth........................................................................................3
Analysis of emotion.....................................................................................................................3
Help to customers.........................................................................................................................4
Knowledge in talent.....................................................................................................................4
Sales and planning.......................................................................................................................4
How the Business Models Shaping Artificial Intelligence Growth.................................................5
Is there a bias portrayed within the documentary............................................................................6
Ethical Issues of AI in Decision Making.........................................................................................7
AI Decision-Making without Involvement of Humans- An Inevitable Ethical Failure..............9
Robot Unfair Compensation........................................................................................................9
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Role of Artificial Intelligence in Enterprise Software Development
The way we design the framework would have an effect on AI, and we should anticipate a
stronger product in the current context. The future of software creation can be shaped by
understanding AI; most companies have shown interest in AI today. Smart investments in AI
account for 80% of businesses. AI has been described by almost 47% of digitally mature
companies. By 2021, AI instruments alone are expected to generate a market valuation of 2.9
billion dollars.
In order to remain open to innovation, both software companies follow the latest
emerging software creation technology. There are forecasts of improving agile test automation,
automatic test applications, and overall software development undoubtedly with the usage of
artificial intelligence in software development. It would also set the stage for RPA systems to
work properly with the help of the software where the overall objective in the implementation of
AI resources is to enable software development simpler, quicker and more effective.
Figure 1: Lowered expenses from artificial intelligence (AI) in customer management activities
worldwide from 2017 to 2021(in billion U.S. dollars) (Liu, 2017)
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You will realize the implications of deployment of AI technologies through realizing the effect
of artificial intelligence and its possible improvement of the future in software growth. Here are
the positive findings due to the effect on software growth of artificial intelligence
Why Artificial Intelligence is Future for Enterprise Software Development
The development has become so transformational that an enterprise that currently does not use
artificial intelligence is almost difficult to envision. In corporate apps, it has played an equally
essential part, allowing businesses to do even more than ever, have high-quality, customized
experiences, and provide dramatically improved results.
In addition, if you ask how artificial intelligence would do it, well the easy response is that you
might count more than you and I could. The scope at which AI processes and understands the
data of a company is different worldwide. It will make assessments and recommendations based
on evidence and knowledgeable in order to ensure the success of the company unimaginably fast.
Artificial intelligence is obvious in its ability to change business, but we can see that many too
many companies do not tap into AI and mechanical learning possibility. Nevertheless, AI
remains an extremely important component of corporate applications (Chokshi, 2019)
Security of enhanced data:
The protection of software is an important property you cannot ignore during production. In
general, the device receives data from customer-installed network sensors and applications. AI
allows you to examine the data using machine learning to differentiate between anomalies and
usual behavior. Further software production companies using AI will often prevent missed
updates, fake messages and alerts during their development phase.
Identifying bugs and errors would be easy:
Coding is improved and improved through integration of AI software. Developers and reviewers
do not fight to check the executable bug/error-loaded data. They will easily detect and patch bugs
immediately.
Build stronger strategic decision-making software:
Forrester researcher Diego Lo Giudice states,
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"With AI techniques such as advanced machine learning (ML), deep learning, natural language
treatment and market law, app engineers would be able to make better software quicker."
The capacity to benefit from previous construction initiatives and analysis of the results of
current projects is enhanced by machine learning solutions. AI not only facilitates progress in the
development of apps, it also leads to improved implementations.
Improved estimate accuracy:
In order to find correlations and statistics, AI offers a solution for estimating software which
includes analyzer historical data on past company projects. It uses predictive analytics and
business rules to provide accurate cost, effort and time forecasts.
All in all, the design and development of the software will be significantly affected by artificial
intelligence. The software developers need to understand the effect and possible benefits of
artificial intelligence not just through software development as well as in the essence of the
software itself. AI will undoubtedly conclude to be a key differentiator in software development
(Vinugayathri, 2020).
Production of natural languages to promote market intelligence
The program begins to properly grasp the question as AI technology and the natural language
processing (NLP) technology matures. To begin, you need to study the data chatbot with more
difficult problems and return data pages. However once you understand about the semantic
relationships and the inferences of the issue, instead of simply displaying your details, it will
eventually filter and organize the required information to give an intelligible answer (Guha,
2020).
Benefits of Opting AI for Enterprise Software Development
Automatic code creation saves time
Since a project's writing code plays an essential role in the construction phase, simplification
should be produced. Before the production, the technique of writing code was inadequate, as the
targets were not recognized. In certain cases, automated programming can help solve the
problem. Developers save a considerable amount of time with AI software that will full code
lines and propose snippets of reusable code.
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Conducts quick and effective testing
To ensure optimal product consistency, efficient monitoring is vital. The AI-powered tools
identify mistakes and address code bugs and guarantee that the operating environments are
performed smoothly. For e.g., a Facebook bug prediction tool has a success rate of 80% to
identify bug fixes.
Generates special prototypes of applications
For their tech ventures customers are still searching for new and unconventional prototypes.
Detailed review of project specifications and the emphasis on any discrepancies and suggestions
for changes may be made by digital assistants with IA production. These instruments deal for the
production of natural languages and use popularly mentioned teaching guidelines. The AI
methods are used to assess the success of current programs and propose changes in software
from previous projects and market considerations. This approach allows both customers and
creators to build better applications enormously.
Allows quick prototyping
A prototype is the production phase which must be shipped to customers in time to examine the
program. The features of companies can be charged with a mechanical prototype that requires a
lot of time by computer training. Developers may thereby forecast future results and adjust the
production phase accordingly.
AI also encourages developers to further develop usage cases and scenarios to come that may
influence the success of applications. This formulation is obtained by the collection of machine
log details and the provision of automatic test cases. These instruments may also provide test
results without actually carrying out experiments.
Budgeting automatic project
Over-confidence in the execution timeframe of the project is a typical error of tech firms. The AI
resources can be used by companies offering custom app developers to help forecast the project
schedules. The specifications, project duration, are taken into consideration. A. automated budget
and schedule can be created for those factors that influenced past ventures, its IT infrastructure
and so on.
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The developer group commonly sees AI as a replacement of software engineering and machine
learning. The reality is, though, that these instruments learn from developers and help design
apps for large-scale and dynamic project applications. Developers would also still remain at the
forefront of construction software (Shah, 2020).
Business Enterprises Shaping AI Growth
Artificial intelligence (AI) has become not only a fascinating idea, but a market tool deserving of
any entrepreneur's consideration. AI is making progress in areas from behavior-based email
combinations and opt-in popups to smart message bots and perhaps even internal employee
happiness monitoring (IBM claims they can decide with 95 percent precision whether an
individual is preparing to quit), \sYou can use AI to improve consumer engagement, NPS,
transaction close rate and before the leads. It's impossible to know where AI would be in a
couple of years. But, it's still playing a huge role in several business' everyday operations. It can
play a significant, positive role in your company as well, today and even into the future. Here are
four forms.
Analysis of emotion
"This personal appliance would know more about your emotional condition by 2022 than your
own relatives," said Annette Zimmermann in 2018.
Emotion AI, also known as emotional computing, is an AI iteration that can sense human
emotions and then react to them. Even while the technology is not quite flawless, it is awesome.
One studies by the University of Ohio claim that AI already detects feelings stronger than
humans – an astonishing achievement that we've been looking at for millions of years.
I believe these emotionally smart bottlenecks change the company and that is why I have
established an AI start-up based on this technology.
Imagine you can capture a viewer's emotions by viewing a video online or using text, message
bots and even the telephone supports that instantly accommodate the emotions on the basis of
people. How can the company improve that?
An research analysed over the last thirty years 1400 case studies of major advertising initiatives
showed that advertisements generating human feelings report "extremely high financial profits"
of about 100 percent.
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What if at the right moment you would activate the right emotions?
Help to customers
The point that customers seek information and want them immediately is maybe none more
relevant than customer help. Although it might sound like a company income afterthought to
please some needy clients, it is not.
A Temkin study states that a modest increase in consumer service will boost sales massively.
"Our research indicates that the ability of consumers to pay more on technology suppliers, pursue
their latest goods and services, excuse them for their negative experiences, and make their
reference with prospective customers" was closely associated with the study itself.
With the only inspiration needed to jump ship 33% of Americans who cited bad customer service
encounters, Business Insider posted, AI obviously has an important position to grow in the
process of the customer service industry.
Knowledge in talent
It can be a daunting experience to recruit the best talent for your organization. Massive online
search engines for employment such as India or Monster can support sources, but several times it
is extremely time-consuming to search out thousands of possible candidates. Fortunately, AI
goods may have some support.
According to a survey conducted by Eightfold of 1,000 C-Level executives of big corporations,
78 percent cited "very significant" talent schemes, but just 44 percent said that they use
efficiently. Obviously, with talent curation, there is much potential for growth, which Eightfold
AI is trying to do.
Sales and planning
AI produces major bumps in revenue and lead production from business-to-business (B2B). For
example, Harvard Market Review estimates that AI-users will reduce the call time by up to 70%
and raise lead numbers by 50%. One source also estimates that 85% of the activities associated
with sales will be outsourced by 2020 to robotics (without a loss — and likely an improvement
— in close rate).
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For instance, take LeadFuze. This tool is an AI centered product that aims to boost sales and
identify the best category and lead for customers. It is the only tech tool of its type in the lead-
edition that offers unrestricted access and full building automation combining data from many
trustworthy sources (Medal, 2019).
How the Business Models Shaping Artificial Intelligence Growth
Development of a business model based on IA The business model refers to a method of practice
or a series of interdependent practices across the border of businesses. Innovation in business
models is characterized as a dramatic shift in the business and development of value in the sector
that usually leads to improved business success. AI has promoted advancement of the business
model through sectors such as technology/media, consumer electronics, financial services,
medical care, industry, electricity, government sector and so forth. In interviews with more than
3,000 industry leaders, 84 percent think AI will gain or maintain a strategic edge from AI and 75
percent say that AI will shift into new enterprises and enterprises. What should we think in this
sense in order to improve or advance our revenue model with AI? In his AI playbook, Andrew
Ng gathered ideas from his experimentation with Google Brain and Baidu AI to transform AI
businesses. The five steps described below and the problems which we feel must be addressed
with every move are listed below. The discussion in this section describes the mechanism of
creativity in the market paradigm in the previous section in the current situations. The figure
summarizes the debate and questions (Lee, 2019)
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(Lee, 2019)
Is there a bias portrayed within the documentary
As this documentary shows both aspects of the picture by showing ease and unease AI have
developed in our lives.
We could say this documentary fair enough but if someone blame it as a prejudice one, he will
also valid reasons for it. By focusing more over privacy issue, documentary somehow blurs the
excellent positive transformation AI has made in our lives.
Artificial intelligence (AI) developments contribute to profound improvements in our living
conditions. Parkinson disease and cancer may now be detected and regulated by algorithms both
in vehicles and aircraft. How is AI going to improve our future society?
This documentary travels to the highlights of AI science in Europe, the USA and China and
examines groundbreaking advances. AI's exponential development provides many benefits, but
also several risks. AI is used to create sound and video captures which render distinguishing
between reality and fiction more and more difficult. This would render the workplace
competitive and superfluous for certain occupations. Algorithms will determine whether to issue
loans and who is an insurance danger. Although there is an enormous problem: people can no
longer understand how their choices are made by algorithms. And AI's ability to track widely is
another major challenge. The Chinese town of Rongcheng is now monitoring and evaluating
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residents utilizing an AI-supported 'Social Credit Scheme.' AI pose a risk to our private or
democratic freedoms.
Moreover this documentary tells that Artificial intelligence has enormous benefits. One of the
advantages is that doctors in medical hospitals have improved their efficiency. This condition
works for the sake of patients considered clients. The healthcare workers will use specifically
designed computer programs to classify the most vulnerable patients. Such programs may
analyze exactly the particular physiological conditions that different patients in the hospital can
have to offer correct knowledge on the patient that needs rapid intervention. The procedure will
make the most effective use of the limited resources provided at hospitals and achieve the
maximum results and ensure they are able to deal with particular conditions so patients would
generally enhance their standard of living. By means of this method, automated programs will
even help decision-making and spare doctors the time they may have had to meet extensively
with patients on such health issues. For example, the degree of association of different
medications with patients has been determined in order to decide if they have any antagonistic or
synergistic results. Artificial intelligence has been utilized to assess the large volume of
molecular material relating to prescription applicants via the mechanism of drug formulation and
clinical trials to identify the general implications they will have on them. Under that scenario, it
will have the chance to ensure that the general consequences of particular products placed on the
market are identified. The diverse aspects of the medications they are producing seem to be
examined by pharmaceutical firms. This will enable them to take different actions to help them
cope with the side effects involved with their medications. It means that those firms are capable
of providing the patient protection feature by developing goods which are less likely to be
harmful to them (Nadimpalli, 2017).
When coming towards the cons this documentary shows that screen-based characteristics and
robotics share an overlap in motivations and communication issues with consumers. For
example, Bartneck et al. have found that in the consumer experience of emotions conveyed by a
robot or screen-based entity there really is no substantial gap. The biggest reason that facial
gestures are used to interact with a person is that it can not really be communicated.
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