Business Consultancy Report: Leveraging AI for Visa's Remote Expansion

This research investigates the application of Artificial Intelligence (AI) within the financial services industry, specifically focusing on how Visa can leverage AI to achieve business success and facilitate remote expansion. The study employs quantitative research, including a survey of 30 participants, to analyze the benefits and challenges of AI implementation. Key findings indicate that AI development is beneficial for Visa, enhancing responsiveness, speed, customer service, and remote expansion capabilities. However, cybersecurity concerns and installation challenges are identified as potential obstacles. The report emphasizes the importance of providing employees with adequate training to ensure successful AI implementation. Ultimately, the research concludes that AI development is crucial for businesses in the financial sector, supporting their expansion efforts and improving service quality to meet customer needs. The report recommends that Visa develop an effective AI implementation strategy, provide comprehensive employee training, and establish clear, short-term goals to maximize the benefits of AI technology.

MN7P77 Summative Assessment- Business Consultancy
Report
Synthesis and Analysis
After conducting analysis of primary data it is analysed that:
• Ai implementation and development is beneficial for Visa
• Visa can improve responsiveness, speed, consumer service and remote expansion with AI
• Cyber security and installation challenges can affect implementation of I at Visa
• Visa needs to provide employees better training to ensure that they are able to implement AI successfully
Conclusion
It is concluded that development of AI is
beneficial for businesses in financial sector and
can support their expansion. It has been
determined that in recent times, almost all big
organisation adopted along with implemented AI
technology in their operations for increasing the
effectiveness of their services. It is also seen that
AI has great future and role in the development of
industry which enable employees to provide better
quality services to meet needs and desired
outcomes of customers.
References
Alhayani and et. al., (2021). Effectiveness of artificial intelligence techniques against cyber security risks apply of
IT industry. Materials Today: Proceedings.
Alhayani and et. al., (2021). Effectiveness of artificial intelligence techniques against cyber security risks apply of
IT industry. Materials Today: Proceedings.
Ashok and et. al., (2022). Ethical framework for Artificial Intelligence and Digital technologies. International
Journal of Information Management, 62. p.102433.
Bécue, A., Praça, I. and Gama, J., (2021). Artificial intelligence, cyber-threats and Industry 4.0: Challenges and
opportunities. Artificial Intelligence Review, 54(5). pp.3849-3886..
Recommendations
• Provide proper training to the employees so
they can easily adopt AI technology
• Company must make effective strategy to
implement AI
• Proper planning by collecting all the
necessary resources to apply this technology
and convince employees to use it to increase
their productivity for the achievement of
organisation goals.
• Setting short terms goals about Ai
implementation in the company
Introduction
This research looks at the Usage of Ai in the
financial s4ervices industry and the ways in which
it can be used by Visa to attain success in business
endeavours and perform remote expansion.
Quantitative research with usage of Survey on 30
participants is completed for this investigation.
Research Aim
“To determine the role of AI in supporting
expansion to remote areas as well as improving
the level of services to have better future
Endeavours”. A research project of Visa.
Research objectives
To examine the concept of AI along with its rising
need and importance within Financial services
industry.
To analysis the role of AI in supporting expansion
to remote areas as well as improving the level of
services for future endeavours.
To investigate about the effective strategy and
ways for Visa that supports better implication of
the AI to have higher future endeavours and
success level.