Question

a. What is AI ?

b. When facing a new things, how do we analyse its impact to our BI practice ?

c. What kind of challenges and issues the new trends/developments in BI present in terms of Business intelligence and society at large ?

Answer 1

A. AI is artificial intelligence and it is one of the latest technologies that is making an impact on the business in a big way. In this technology, the machines demonstrate the intelligence by solving complex business problems and it can make the process more sustainable. The systems need to be taught only once and they make sure that they do their job without errors for a very long period of time.

B. The question is not very clear but I am writing based on my understanding of the question. The BI practice will depend on the type of the business and also the type of data are using to analyze and make intelligent business decisions. So let's assume there is a new technology in the market and we want to know how it can make an impact on the BI practice. We can do this by checking if we can integrate that technology into our current practice. We have to know if it can have a positive or negative impact on the business. We need to know in what way the technology can improve the efficiency of the current BI practice.

C. The new trends force the companies to change their strategy and make changes very frequently to keep themselves updated all the time. The latest trends might have an impact on the data privacy of the society. The company might get the opportunity to conduct an analysis of data that has the personal information of a community. This can pose a serious threat to the privacy of the people. The latest trends demand new infrastructure and resources to function efficiently. The new trends required huge investments to acquire them and use them to improve the productivity. This can take some of the companies out of the market and create exciting opportunities for some. They create a very uncertain situation in the market and the success of it mainly depends on the application of it and how well the market responds to it.