Week 2 - Problems to be solved with the help of AI

-Basem Ghasan Mansoor Ali (TP076027)

The implementation of Artificial Intelligence, also known as (AI) to automate repetitive tasks is an effective modern solution that can solve many problems in all industries, one of the main problems is the stress of labor-intensive work for employees that can be reduced by time-consuming activities that can be completed using self-governing frameworks (Mabungela, 2023) to take care of these repetitive tasks and turn them into automated processes, which enhances productivity, facilitates workflow, and significantly impacts employee satisfaction, and engages them to focus on more meaningful and creative aspects of their roles, which can foster the personal growth of the employee and the growth of the organization itself.

Moreover, the integration of AI into repetitive tasks not only improves efficiency but also reduces the chances of human errors in the execution of intricate workflows (Labs, 2023), and this in turn contributes to a better work environment that motivates workers to work on more important tasks than being bogged down by repetitive tasks.


References

-Labs, K. (14 12, 2023). How Does AI Reduce Human Error: Some Significant Ways to Become Efficient. Retrieved from linkedin: https://www.linkedin.com/pulse/how-does-ai-reduce-human-error-some-significant-ways-become-7ay5f

-Mabungela, M. (1 11, 2023). Artificial Intelligence (AI) and Automation in the World of Work: A Threat to Employees? Retrieved from Research in Social Sciences and Technology: https://ressat.org/index.php/ressat/article/view/763/187

 




 -Faris Mohammed Ata Abulathou (TP077862)

Across industries, the use of AI-based automation dramatically increases productivity and reduces waiting times. Artificial intelligence (AI) systems optimize workflows, reduce errors, and boost accuracy by automating repetitive tasks. Because of this shortened procedure, tasks can be completed more quickly, thus increasing productivity. By switching their efforts to more strategic projects, staff members can maximize resource use and efficiency. As well as AI automation quickly adjusts to shifting requirements, guaranteeing that processes continue to run smoothly without requiring a great deal of manual intervention. Because of its scalability, the company can profit from time-saving measures even if it expands or experiences demand swings.


AI systems can also detect patterns in vast amounts of data, evaluate them, and make judgments with little help from humans. This improves operational effectiveness and lowers the possibility of mistakes, which raises production and lowers costs. Also, businesses may improve operations through the vast number of benefits when AI is integrated for automation. These benefits include time savings, a decrease in human error, improved analytics capabilities and decision making, improved interconnected interactions, scalability, etc.

References
-James Manyika and Kevin Sneader (June 1, 2018): AI, automation, and the future of work. McKinsey Global Institute: https://www.mckinsey.com/featured-insights/future-of-work/ai-automation-and-the-future-of-work-ten-things-to-solve-for






-Ahmed AbdulAziz Omar Baflah (TP078277)

Artificial intelligence is still a fairly new concept with it being created in the 1960’s and has been rapidly evolving from an exploratory concept to a business necessity. Due to covid-19, the popularity of AI took a huge hit in 2020 leading to several researchers and companies investing in it which can be clearly seen in nearly every major company, some examples include meta, Samsung, Apple, Uber, Amazon and much more. With the increase in popularity, AI is used to solve many issues including, but not limited to, healthcare, education, automation, and optimization. (Dreamanart, 2023)

With that being said, AI would be very useful if used for cases like:

         -Planning a very specialized food or cooking timetable to maximize health and keep costs low.

         -Medical diagnoses and robotic surgery.

         -Irrigation systems which self-regulate according to weather patterns.

         -Interfaces or chat bots which can help counsel people with issues like depression or anxiety issues     and suicidal tendencies. (Abdullah, 2024)

While some are being worked on, we face a new problem, will society accept such power to be given to AI?

 

References

Abdullah, J. (2024, Jan 6). What are the problems AI solving? Retrieved from quora: https://www.quora.com/What-are-the-problems-AI-solving

Dreamanart. (2023, November 20). AI for Good: 7 Real-World Examples of AI Solving the World's Biggest Problems. Retrieved from linkedin: https://www.linkedin.com/pulse/ai-good-7-real-world-examples-solving-worlds-biggest-problems-87ktf/

Visconti, R. M., Rambaud, S. C., & Pascual, J. L. (2023, Nov 11). Artificial intelligence-driven scalability and its impact on the sustainability and valuation of traditional firms. Retrieved from researchgate: https://www.researchgate.net/publication/375492651_Artificial_intelligence-driven_scalability_and_its_impact_on_the_sustainability_and_valuation_of_traditional_firms




-Alhussain Ali Murshed TP078072

Unlocking Business Potential through Operational Excellence, Operational excellence is the cornerstone of successful businesses, enabling them to navigate challenges effectively and drive growth. By strategically optimizing operations, companies can not only minimize risks but also unlock their full potential for sustainable success. Automation is a game-changer in this pursuit, empowering organizations to reduce errors, enhance data accuracy, and enforce compliance seamlessly. Comprehensive protection is non-negotiable in today's digital age. Robust physical security measures, coupled with advanced cybersecurity protocols, create a fortified defense against threats, safeguarding critical assets. Moreover, empowering teams through efficient task delegation and clear communication cultivates a culture of productivity and innovation. By leveraging automation for routine tasks, employees can focus on value-adding activities that drive business outcomes. Furthermore, optimizing response times is paramount in meeting customer expectations and staying ahead of the competition. Simplified workflows, prioritized actions, and agile strategies ensure swift and effective responses to evolving market demands. In conclusion, a holistic approach to operational excellence, encompassing automation, robust protection, empowered teams, and agile responses, lays the foundation for sustained growth and competitive advantage in today's dynamic business landscape.

 
References:

Contributor, A. (2022b, January 26). Acronis BrandVoice: 4 Ways That IT Automation Can Help Reduce Human Error. Forbes. https://www.forbes.com/sites/acronis/2022/01/26/4-ways-that-it-automation-can-help-reduce-human-error/?sh=2a8f18105c44




-ABDULLAH MAHMOUD ALGHANDOUR (TP077275)

Deployment of AI-based automation is able to lead to different channels of cost-savings opportunities in organizations. Technologically, AI enables operational efficiency with its ability to automate processes, allocate resources optimally and minimize downtime. The output, productivity, is maximum and minimum resources are used. This efficiency not only leads to less spending on hiring and getting newly employed to work but also that of physical bulk infrastructure. Another benefit of automation is also that of minimization of risks of human error and violation of norms and rules which gives companies a chance to avoid financial prosecutions and a withdrawal of confidence lost. Moreover, the fact is that by not utilizing human potential in a strategic way is being prevented which is also a lesson because employees will be able to concentrate on activities that lead to innovation and nonstop business growth. Furthermore, AI automation spurs companies to reskill fast and get high volume, real-time results through data processing and outputting, and thus their organizations would be able to adapt to a changing market swiftly before they are to bear the consequences of delaying or a missed chance. All-encompassingly, the cost reduction stemming from AI powered automation manifests itself in the various channels of business operations while at the same time contributing to the healthier income and longevity of companies.

References

Jorge Tamayo, L. D.-O. (2023, Sep). Reskilling in the Age of AI. Retrieved from Harvard Business Review: https://hbr.org/2023/09/reskilling-in-the-age-of-ai

Sikora, S. (2020). Automation with intelligence. Retrieved from deloitte: https://www2.deloitte.com/content/dam/insights/us/articles/73699-global-intelligent-automation-survey/DI_Automation-with-intelligence.pdf

 




-ALI HUSSEIN M. AHMAD. (TP077707)

The use of artificial intelligence (AI) is changing how businesses approach data analysis in the current business environment. Large amounts of consumer data can be sorted through AI algorithms, which can then extract insightful information that is needed to make wise choices. Artificial Intelligence efficiently detects complex patterns and trends that human analysts might miss by automating everyday data analysis tasks. Businesses can now quickly and accurately make decisions based on data-driven evidence thanks to this functionality.

It's important to point out that the accuracy of the input data has a major impact on how accurate the insights produced by AI are. AI's analytical capabilities develop over time as a result of its ongoing learning from these data inputs, making it an essential tool for companies seeking to use data analysis to optimize their operations. Organizations can successfully navigate and maintain their competitiveness in today's data-centric business environment by utilizing AI for data analysis.

(Lain Munro, 2024)

 References:

Munro, I. (2024, Feb 12). AI Agents Can Automate Repetitive Tasks Freeing up Employees to Focus on More Strategic and Creative Work. Retrieved from linkedin: https://www.linkedin.com/pulse/ai-agents-can-automate-repetitive-tasks-freeing-up-munro-m-sc-mba-9ycac/


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