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Artificial Intelligence and Decision-Making Applications in a Business Context. Chances and Risks

2020-12-21 Business & Economics
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Release : 2020-12-21
Genre : Business & Economics
Kind : eBook
Book Rating : 285/5 ( reviews)

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Book Synopsis Artificial Intelligence and Decision-Making Applications in a Business Context. Chances and Risks by :

Download or read book Artificial Intelligence and Decision-Making Applications in a Business Context. Chances and Risks written by . This book was released on 2020-12-21. Available in PDF, EPUB and Kindle. Book excerpt: Bachelor Thesis from the year 2020 in the subject Business economics - Business Management, Corporate Governance, grade: 1,1, University Pontificia Comillas Madrid, language: English, abstract: This thesis is concerned with what AI is capable of in decision-making when involved in organizational decision-making processes or embedded in offered products that per-form decisions. It is also concerned with what is lost and what is gained through its use and which risks businesses face when applying it. It adds value to previous work conducted on challenges and risks by explaining these from a business perspective focusing on the economic implications for organizations. The resulting overview on chances and risks can serve organizations interested in AI investments to augment or automate decision-making in understanding the risk situation and potentials in this field. In the first chapter AI is introduced in a comprehensible way for non-computer scientists and its relevance for business is outlined. Subsequently, decision processes and how humans and AI tackle them are explained which provides a foundation to under-stand respective strengths and limitations of humans and AI in decision-making. The third chapter explains how AI can be applied in decision-making in businesses processes and products that perform decisions providing benchmark examples. Autonomous driving and recruiting are presented as examples for decision automation and decision augmentation respectively on the basis of which benefits and challenges will be explained. Focusing on these examples aims at making the possible associated effects of using AI in decision-making processes more tangible and understandable for business professionals.

Powering the Digital Economy: Opportunities and Risks of Artificial Intelligence in Finance

2021-10-22 Business & Economics
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Release : 2021-10-22
Genre : Business & Economics
Kind : eBook
Book Rating : 953/5 ( reviews)

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Book Synopsis Powering the Digital Economy: Opportunities and Risks of Artificial Intelligence in Finance by : El Bachir Boukherouaa

Download or read book Powering the Digital Economy: Opportunities and Risks of Artificial Intelligence in Finance written by El Bachir Boukherouaa. This book was released on 2021-10-22. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses the impact of the rapid adoption of artificial intelligence (AI) and machine learning (ML) in the financial sector. It highlights the benefits these technologies bring in terms of financial deepening and efficiency, while raising concerns about its potential in widening the digital divide between advanced and developing economies. The paper advances the discussion on the impact of this technology by distilling and categorizing the unique risks that it could pose to the integrity and stability of the financial system, policy challenges, and potential regulatory approaches. The evolving nature of this technology and its application in finance means that the full extent of its strengths and weaknesses is yet to be fully understood. Given the risk of unexpected pitfalls, countries will need to strengthen prudential oversight.

Applications of Artificial Intelligence in Business, Education and Healthcare

2021-07-12 Technology & Engineering
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Release : 2021-07-12
Genre : Technology & Engineering
Kind : eBook
Book Rating : 802/5 ( reviews)

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Book Synopsis Applications of Artificial Intelligence in Business, Education and Healthcare by : Allam Hamdan

Download or read book Applications of Artificial Intelligence in Business, Education and Healthcare written by Allam Hamdan. This book was released on 2021-07-12. Available in PDF, EPUB and Kindle. Book excerpt: This book focuses on the implementation of Artificial Intelligence in Business, Education and Healthcare, It includes research articles and expository papers on the applications of Artificial Intelligence on Decision Making, Entrepreneurship, Social Media, Healthcare, Education, Public Sector, FinTech, and RegTech. It also discusses the role of Artificial Intelligence in the current COVID-19 pandemic, in the health sector, education, and others. It also discusses the impact of Artificial Intelligence on decision-making in vital sectors of the economy.

Artificial Intelligence

2019 Business & Economics
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Release : 2019
Genre : Business & Economics
Kind : eBook
Book Rating : 898/5 ( reviews)

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Book Synopsis Artificial Intelligence by : Harvard Business Review

Download or read book Artificial Intelligence written by Harvard Business Review. This book was released on 2019. Available in PDF, EPUB and Kindle. Book excerpt: Companies that don't use AI to their advantage will soon be left behind. Artificial intelligence and machine learning will drive a massive reshaping of the economy and society. What should you and your company be doing right now to ensure that your business is poised for success? These articles by AI experts and consultants will help you understand today's essential thinking on what AI is capable of now, how to adopt it in your organization, and how the technology is likely to evolve in the near future. Artificial Intelligence: The Insights You Need from Harvard Business Review will help you spearhead important conversations, get going on the right AI initiatives for your company, and capitalize on the opportunity of the machine intelligence revolution. Catch up on current topics and deepen your understanding of them with the Insights You Need series from Harvard Business Review. Featuring some of HBR's best and most recent thinking, Insights You Need titles are both a primer on today's most pressing issues and an extension of the conversation, with interesting research, interviews, case studies, and practical ideas to help you explore how a particular issue will impact your company and what it will mean for you and your business.

Decision Intelligence

2023-10-31 Business & Economics
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Release : 2023-10-31
Genre : Business & Economics
Kind : eBook
Book Rating : 448/5 ( reviews)

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Book Synopsis Decision Intelligence by : Thorsten Heilig

Download or read book Decision Intelligence written by Thorsten Heilig. This book was released on 2023-10-31. Available in PDF, EPUB and Kindle. Book excerpt: Dramatically improve your decisions with data and AI In Decision Intelligence: Transform Your Team and Organization with AI-Driven Decision-Making, a team of pioneering decision and AI strategists delivers a digestible and hands-on resource for professionals at every part of the decision-making journey. The book discusses the latest technology and approaches that bridge the gap between behavioral science, data science, and technological innovation. Discover how leaders from various industries and environments are using data and AI to make better future decisions, taking both human as well as business factors into account. This book covers: A demystifying behind-the-scenes peek inside how AI models, forecasts, and optimization for business challenges really work, and why they open up entirely new possibilities. A business-ready introduction to decision intelligence, exploring why traditional decision-making strategies are outdated and how to transition to decision-intelligence. The evolution of Decision Intelligence, coming from analytics and modern techniques like process mining and robotic process automation An examination of decision intelligence at the organizational level, including discussions of agile transformation, transparent organizational culture, and why psychological safety is a crucial enabler for new ways of decision-making in modern companies An overview of why (and where exactly) AI still needs human expertise and how to incorporate this topic in daily planning and decision making Decision Intelligence is essential reading for managers, executives, board members, other business leaders and soon-to-be leaders looking to improve the quality, adaptability, and speed of their decision-making. Praise for Decision Intelligence "In Decision Intelligence, Thorsten Heilig and Ilhan Scheer build a compelling case for the world of tomorrow’s version of decision-making.” ―Martin Lindstrom, New York Times best-selling author "Decision Intelligence will be one of the big topics for this decade and completely change the way organizations manage, plan, and operate. This book provides a comprehensive guide from the basics to the applications." ―Niklas Jansen, Entrepreneur and Tech Investor, Founding Partner Interface Capital and Co-Founder Blinkist "The book impressively demonstrates the potential and entry points into the world of AI-powered decision making. A very valuable reading for managers and their organizations". ―Michael Kleinemeier, Member of the Merck KG Board of Partners, former Member of the SAP SE Executive Board “The AI hype perfectly captured, easy to understand, de-mystified and mapped to clear use cases - a must-read for today's managers.” ―Dr. Daniela Gerd tom Markotten, Member of the Management Board for Digitalization and Technology, Deutsche Bahn AG

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