Artificial Intelligence in Johnson & Johnson: Strategic Application

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Added on  2023/06/11

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AI Summary
This report summarizes the findings from a previous work, focusing on the significance of artificial intelligence within Johnson & Johnson. It concludes that digital technology and digitalization are crucial for gaining a competitive edge and meeting customer expectations. Strategic recommendations include investing in AI for research and development, recognizing social risks, boosting transparency, and enhancing communication within the company. The report emphasizes the importance of AI in driving innovation and improving overall operational efficiency for Johnson & Johnson, referencing key works on AI in healthcare and disruptive technology.
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Artificial Intelligence
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Table of Contents
A short summary of your findings from CW1
A short set of conclusions based on your CW1 summary
A set of strategic recommendations on how the conclusions could be
applied to Johnson & Johnson
References
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A short summary of your findings from
CW1
Johnson & Johnson is one of the international pharmaceutical company
established in 1886 and headquartered in United States. It produces the skin
care and baby care products along with the cosmetics and many more. It has
been found out that artificial intelligence has a greater significance in the
current world because it is widely used and emerged in Johnson & Johnson
for automation purposes and many more. It has the significance that it helps
in enabling the human to perform their tasks in a quick and accurate manner.
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A short set of conclusions based on
your CW1 summary
Digital technology is basically the applications which provides the technical
tools and also the modern advancements in order to render the automation
and accuracy in performing the several tasks. Digitalisation is becoming
significant to use in the business so that the Johnson & Johnson can gain the
competitive advantages and also they can meet the demands of the
customers and increasing expectation from the company.
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A set of strategic recommendations on how the
conclusions could be applied to Johnson & Johnson
Johnson & Johnson uses the artificial intelligence but not up to the mark.
Therefore, it is recommended that the company must invest on the artificial
intelligence mainly in its research and development departments for
introducing better innovation and creativity in the market place. Company
must use the AI in recognizing the social risks and must use in boosting the
transparency as well. It is also suggested that the firm must use AI in
building the bridges and enhancing the communication flow in the firm
(Majumdar and et.al., 2018).
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References
Emanuel, E.J. and Wachter, R.M., 2019. Artificial intelligence in health
care: will the value match the hype?. Jama, 321(23), pp.2281-2282.
Girasa, R., 2020. Artificial intelligence as a disruptive technology.
Springer International Publishing.
Joshi, A.V., 2020. Machine learning and artificial intelligence.
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