Digital Technology: Artificial Intelligence

Essay Instructions:

Task:

After choosing one of the five digital technologies:

(1) Internet of Things,

(2) Blockchain,

(3) Cloud computing,

(4) Artificial Intelligence, or

(5) Augmented and Virtual Reality,

you are asked to write a reflective essay explaining how and why the chosen technology has the potential to add value to businesses and society. Justify and evidence with examples of organisations which have effectively employed your chosen digital technology (from the five mentioned above). Demonstrate your knowledge with strong academic referencing and credible practitioner sources.

Expected contents:

A brief history and current state of the chosen digital technology. Explain the main concepts.
Explain and critically reflect on the advantages of using the chosen digital technology for businesses and for society.

How and why is this digital technology leading to competitive advantage, organisational success and progress as a society?
What firm functions can benefit from this technology (e.g. Production, Procurement, Logistics and Supply Chain Management, Finance and Accounting, Marketing and Sales)
What industries can benefit from this technology?
What new business model(s) could be created by adopting this new technology?

Explore the challenges to implementing the chosen digital technology.

from the technological perspective (e.g. what equipment is needed, whether an ecosystem needs to be created),
from the human perspective (e.g. what training is needed, what cultural changes are needed), and
from the ethical and legal perspective.

Based on the challenges of implementing the chosen digital technology, present the potential disadvantages of the chosen digital technology (for businesses, for humans, for the environment).
Provide examples of organisations that are using the chosen digital technology.

There is no pre-defined structure for the reflective essay. However, it is necessary to cover all the requirements mentioned above (in the task description and the bullet points).

This assessment will expect to see evidence of:

A clear focus on the task
Critical and thoughtful analysis
Use of data and examples of real companies
Wide reading, academic and practitioner, including appropriate citation
A literate and articulate writing style

Cautions

Common weaknesses in student reports include the following:

Providing a description of the situation, but no analysis. Good analysis tells us how or why things are happening.
Making inferences and generalisations without providing data, or without making any references to theory and ideas in the readings. Good reports use both examples and theory to support the analysis.
Ignoring theory and simply offering opinions. Good reports take a set of theoretical ideas and show how those ideas can be applied to specific aspects.

Marking criteria for the Reflective Essay (equal weight 25% each):

Critical analysis of the value added by the selected digital technology.
Knowledge and understanding of key concepts. Quality of arguments.
Use of examples, data and references

let me know what topic you pick
2. use the UK english please.

Essay Sample Content Preview:

Reflective Paper on Artificial Intelligence
Name
Instructor
Institution
Date
Introduction
Artificial Intelligence is one of the biggest and most important developments of technological advancement in the modern world. It has continued to play a significant role in easing work and making life more convenient. More organizations are steadily implementing Artificial Intelligence in their operations, aiming to increase efficiency and productivity. Artificial Intelligence is a helpful technology in modern society as it transforms every lifestyle. It plays a substitute role in the sense that its role in contemporary society is carrying out tasks that need human Intelligence. AI has made it easier for numerous industries to store and analyze data effectively, thus improving their operations. Although Artificial Intelligence requires a high cost of implementation, it is helpful in society as it facilitates major advances in healthcare, improves financial systems, and makes smarter business decisions.
This reflective essay will discuss AI's significance in modern society, including its history, current state, and main concepts such as machine learning, natural language processing, and computer vision. It will critically reflect on the benefits of AI for businesses and society, showing how it can offer a competitive advantage, organizational success, and societal progress. Additionally, it will evaluate specific functions within firms and industries that can benefit from AI, as well as potential new business models. However, it will also analyze the challenges of AI implementation from technological, human, ethical, and legal perspectives, including equipment, training, cultural changes, and ethical and legal considerations.
Statistical data indicates that there has been increasing number of AI investments in corporates. Reportedly, 2021 investments AI among corporates in the United States amounted to $93.5 billion. This has been a steadfast increase from 2015 (Statistica (2023). Many startup businesses have been developed as more people have embraced the great possibilities that AI offers. Current statistics indicate that there are nearly $142.3 billion worth of AI investments as of 2023 January. This trend is expected to continue growing as more businesses have a positive outlook towards AI. The figure below provides valuable insights on AI investments across the United States from 2015 to 2021.
Figure 1: Source: Statistica
Brief History and Current State of the Technology
The history of artificial Intelligence dates back to the development of automated systems to run machines and industries. This set the ground for further advancement, given that there was, and still is, rapid technological innovation worldwide. There has been an increase in the development of AI technologies over the past few months with the rapid developments of AI technologies like ChatGTP and Bard. Presently, more AI is being developed in many countries around the world, with Japan having a humanoid AI that can process 99% of languages (Haenlein & Kaplan, 2019). AI development will pick up even further as we continue getting further into technological sophistication.
Advantages of Using Artificial Intelligence for Business and Societ...

Updated on January 26, 2024

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Digital Technology: Artificial Intelligence

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