Analysis and Planning: Incorporating AI and ML in Business

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Desklib provides past papers and solved assignments for students. This report analyzes AI and ML implementation in business.
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Assignment 1 Analysis/Planning
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Executive Summary
This report is explaining the current state of organization with lacking into the field of
digitalization. It is giving the brief idea related to different aspects & plans on which software is
used and it is also considering that how they are implemented through this. The major technique
which is used for analyzing is that making an comparison chart between the company’s present
state and the trends which are going on into the market & also measure that how they are
affecting the companies profile. This will gives the result in term of organization is lacking and
there is need for the imporovement. The major weakness is that lacking into digitalization in
term of software. The software with upgraded version will be come and employee are able to
work on that software for better development & growth of the organization.
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Table of Contents
Assignment 1 Analysis/Planning.....................................................................................................1
Executive Summary.........................................................................................................................2
Strategy to incorporate AI & ML of Organization..........................................................................4
Applying Methodologies & Process of AI & ML-..........................................................................6
Business Model Canvas with Resources & Benefits.......................................................................8
Value Chains of Organization.......................................................................................................10
Capabilities of Organization..........................................................................................................11
Effective Measures for a better future state of company by considering Risks............................12
References......................................................................................................................................13
List of Figure
Figure 1: Analysis of Business in these sectors...............................................................................5
Figure 2: Business Aspect into ML & AI........................................................................................7
Figure 3: Business Model Canvas:..................................................................................................9
Figure 4: Value Chain of Organization.........................................................................................10
List of Table
Table 1: Different Relaionship B/W Customer & Organization.....................................................7
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Strategy to incorporate AI & ML of Organization
The allegation use of AI & business strategy is an initiative for exploring the growth of the
artificial intelligence for business landscape. It is looking like the self - explaining with affecting
by development & their execution of plans in an organization. The major incorporate researches
and paper publishing the report, however AI is used for exploration of changes into work
environment, management of information with maintenance of privacy & cross entity
collaboration also. It gives the result in term of ethical changes related to business. It is also
having new risks with dependency threats by facing the defect that are security related aspects as
well as losing the job. It is also helpful for better understanding of managers by acting the
awesome opportunity from both of allegation of human & machine learning.
Machine learning is also having some subfield for incorporating to an organization that is
deep learning which is widely used medium of attraction for taking attention towards media.
It is completely significant, however most if 60% of all investments. The major incorporate
researches and paper publishing the report, however machine learning is used for exploration of
changes into work environment, management of information with maintenance of privacy &
cross – entity collaboration also. It gives the result in term of professional social & management
techno ethics related to business (Ransbotham 2018).
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Figure 1: Analysis of Business in these sectors
(Source: Rajendra 2017)
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Applying Methodologies & Process of AI & ML-
Artificial Intelligence & Machine Learning is used widely in all over the world because of some
its process & techniques for resolving the problems and these are as follows:
It is providing the better result of analysis of rich or large amount of information of data
for predication of some particular information.
It should be remember that there should be only relevant information used whenever you
are applying AI driven techniques or algorithms for getting better results.
Some companies like cisco system or Macieh Kranz are providing effective & powerful
system which provides the security, network infrastructure for developing the chat or
voice assistants.
It is also helpful for maintaining the better security aspects by continuously sending &
receiving the packets by following the firewalls rule with analyzing the network packets
and maps according to normal traffic.
Now a days, AI & ML is also used for diagnosis of human body for medical intervention,
such that we can predict some medical needs & requirements before admitting into
hospital or getting hospitalization.
AI & ML is used widely for the development of things to be automated into industry for
reducing human effort & getting more outcome with effectiveness by making them
customer centric with removing vulnerabilities.
It is also followed by cross layer validation with current market scenario prediction.
It is also used for getting advance billing with better understanding of behaviors via their
chatting or call details.
AI & ML is also having the Natural Language Processing (Spicer 2018).
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Figure 2: Business Aspect into ML & AI
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Business Model Canvas with Resources & Benefits
The business model canvas is designed & introduced by Mr. Alexander Osterwalder which is
used for representing the current view of business model into a better visual. It is generally used
by manager who are responsible for strategy. The canvas is providing the complete holistic view
of business which running over the organization by making comparative analysis of impact of
investment with contributing factors also.
Relationship B/W customer & organization
Every organization have to select that relationship with customer segment for creating the
financial success & sustainability. In below table, it is having categorization of different
relationship with their description also:
Table 1: Different Relaionship B/W Customer & Organization
S.N. Relationship Type Description
1. Personal Assistance In this, company directly deals with the customer via an
employee who is providing the pre touching of product before
sale.
2. Dedicated Personal
Assistance
It is categorized as small interaction in between customer &
organization via dedicated particular representative who is
responsible for getting complete experience of customer towards
the customer.
3. Self Service It is having self service, in which customer experience matter
which is provided by company for serving himself.
4. Automated Services In this, historical preferences are taken and based on them
improvement is there in overall experience of customer.
5. Communities It is allowing users for communicating directly with community.
It will very helpful to user, however asked for problems faced by
them with recommendations also.
6. Co-creation The customer is having complete direct hand in the form either
product of the organization or services.
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Key Resources
Some organization’s fundamental resources are used for providing the process of how the
customer resource which is categorized as human, financial, physical and intellectual values.
Working as an entrepreneur, very important for starting & making your listing the resources.
This will give a particular idea regarding the final product of service used for beginning which
are needed for creating the customer, resulting in term of saving the price. Once the final list of
resources which is available. However, the company which is decidable on how much it is
needed for investment in the required resources of operating sustainable business.
Benefits of Model
Here, below are the advantages and benefits of business model canvas and these are as follows:
It is very easy to understand which is completely focused on the traditional business
model.
It provides complete flexibility which is very easy for communication in between the
organization & customer.
It is completely focused on services of customer.
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Figure 3: Business Model Canvas:
(Source: Martin 2016)
Value Chains of Organization
Here, below is key values and values chains of organization which are important regarding the
services & deliveries in between the organization & customer:
It is having two types of activities which primary and support.
Primary activities is containing of the inbound logistics with operation by outbounding
the logistics.
It is also maintaining the marketing & sale according to the service of the company
towards the customer.
In support activities with the procurement with different technology designing concept
that are initiating, analyzing, developing with designing and testing & e-governance.
After these all marketing & sale of product is there.
It is also considering the HR management with infrastructure of the organization.
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Figure 4: Value Chain of Organization
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Capabilities of Organization
It is very easy to understand which is completely focused on the traditional business model. It
provides complete flexibility which is very easy for communication in between the organization
& customer. It is completely focused on services of customer. AI & ML is also used for
diagnosis of human body for medical intervention, such that we can predict some medical needs
& requirements before admitting into hospital or getting hospitalization for an organization.
Some organization’s fundamental resources are used for providing the process of how the
customer resource which is categorized as human, financial, physical and intellectual values.
Working as an entrepreneur, very important for starting & making your listing the resources.
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