What are the potential impacts of Al in business? (Select two)
A.
Limiting the use of data analytics
B.
Increasing the need for human intervention
C.
Reducing production and operating costs
D.
Improving operational efficiency and enhancing customer experiences
The Answer Is:
C, D
This question includes an explanation.
Explanation:
Reducing Costs: AI can automate repetitive and time-consuming tasks, leading to significant cost savings in production and operations. By optimizing resource allocation and minimizing errors, businesses can lower their operating expenses.
[: "AI-driven automation significantly reduces production and operational costs." (Deloitte Insights, 2020), Improving Efficiency: AI technologies enhance operational efficiency by streamlining processes, improving supply chain management, and optimizing workflows. This leads to faster decision-making and increased productivity., Reference: "Operational efficiency is greatly enhanced through AI, leading to improved productivity and streamlined processes." (McKinsey & Company, 2021), Enhancing Customer Experience: AI-powered tools such as chatbots, personalized recommendations, and predictive analytics improve customer interactions and satisfaction. These tools enable businesses to provide tailored experiences and proactive support., Reference: "AI enhances customer experiences by enabling personalized interactions and proactive support." (Forbes, 2019), , ]
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