AI's Impact on Business Operations: Report and Analysis of AI trends

This report analyzes the impact of Artificial Intelligence (AI) on various business operations. It highlights the potential of AI to automate tasks and transform industries, while also acknowledging the potential challenges and risks associated with its implementation. The report discusses the benefits of AI, such as improved efficiency and specialized task performance, particularly in sectors like information technology and education. It also points out sectors where AI may face challenges, such as finance and manufacturing, due to the costs of software updates. The report emphasizes the balance between job creation and destruction, suggesting that AI will create as many jobs as it eliminates. This report is a valuable resource for understanding the evolving role of AI in the business world.

Academic Paragraphs
Machines will surpass the activities done by humans in all spheres of life by 2060 as
reported by a survey conducted by some Artificial Intelligence researchers. Also as per
respondents, all jobs done by human in today’s world will undergo automation by next 120
years. With regular developments in technology and acceptance of automation, robots will be
performing a variety of tasks ranging from translation of languages, writing high-school
essays, working in retail sector, writing a novel and being awarded as bestselling author for
the same to being able to perform surgical operations in hospitals. According to PwC and
OECD, Artificial intelligence will largely benefit organisations with complex and specialised
tasks, methodologies, techniques and workforce. Such business areas include sectors such as
information and communication, accommodation and meal services, education and scientific
and technical work. These sectors of economy possess least risk from automation. On the
contrary, AI may not be feasible or yield adverse results if applied in many industries.
Finance and insurance, transport, construction, retail industry, manufacturing etc. are some of
those key sectors where AI is expected to have an adverse impact over the overall working of
organisation. Such areas of business require regular updates in software programs to stay in
accordance with the recent trends in technology and business environment. The cost
associated with the process of updating all the processes is very high which makes it
undesirable for such industries. As per an analysis of PwC, AI will create as many jobs as it
will destroy with its execution in business operations.