AI in Business: Creating Value Responsibly ISE
Kaup valmöguleikar
Gervigreind (AI) er að umbreyta atvinnugreinum og því er mikilvægt að nemendur öðlist þekkingu til að skilja möguleika hennar og nýta þá á áhrifaríkan hátt. Það eykur hæfni þeirra til að takast á við kröfur atvinnulífsins. AI in Business er mikilvæg leiðarvísir um síbreytilegt hlutverk gervigreindar í nútímafyrirtækjum. Bókin fjallar um umbreytandi áhrif gervigreindar við fjölbreyttar viðskiptaaðstæður og útskýrir tæknileg hugtök á skýran og aðgengilegan hátt. Meðal umfjöllunarefna eru gagnastjórnun og skapandi gervigreind.
As artificial intelligence (AI) reshapes industries, equipping students with the knowledge to effectively understand and leverage its potential is crucial for promoting career readiness. Introducing AI in Business, a vital resource for navigating the evolving role of AI in modern business. This title examines the transformative effects of AI in diverse business contexts and translates historically technical concepts into nontechnical, approachable content, covering topics from data management to generative AI.
Nánar um bókina
- McGraw-Hill Higher Education (International)
- 9781265658632
- 9781265658632
- ePub
- 0
- Patrick Johanns, James Chaffee, Jackie Rees Ulmer
- English
- 2026-01-06
- 100
- 2
- 2
Kaflar
- Frontmatter
- Cover Page
- Title Page
- Copyright Page
- Dedications
- About the Authors
- Patrick (Pat) Johanns
- James Chaffee
- Jackie Rees Ulmer
- A Letter to New Adopters
- Guided Tour
- Learning Objectives
- Focus on Ethics and Sustainability
- Visual Diagrams
- Summary of Key Points
- Quick Wins
- Case Studies
- Connect
- Acknowledgments
- Brief Contents
- Detailed Table of Contents
- Chapter 1: Overview of AI in Business
- Chapter 1: Overview of AI in Business
- Introduction
- Types of Artificial Intelligence
- Machine Learning
- Neural Networks
- Generative AI
- Other Applications of AI in Business
- The Use of Artificial Intelligence in Virtual Reality
- Computer Vision and Its Role in Business Applications
- Speech Recognition and Its Business Impact
- Data Science and AI
- Ethical Considerations in AI
- Data Ownership, Privacy, and Consent
- Environmental Sustainability
- Economic Inequality and AI Access
- Bias and Discrimination
- Manipulation and Deception
- Intellectual Property and AI Creativity
- Transparency and Accountability
- Summary of Key Points and Quick Wins
- QUICK WINS
- Key Terms
- Discussion Questions
- Exercises
- Case Study 1.1: The Portrait of Edmond De Belamy—Intellectual Property and AI Creativity
- U.S. and French Copyright Laws
- Discussion Questions
- Case References
- Case Study 1.2: Coded Bias
- Discussion Questions
- Case References
- Case Study 1.3: Closing the Loop—How H&M and HKRITA Use AI to Revolutionize Textile Recycling
- What Happens after Sorting?
- Insights
- AI’s Growing Presence in Physical, Traditionally Manual Industries
- The Potential of AI for Sustainability and Circular Economies
- The Importance of Data-Rich Environments
- AI in Long-Term Environmental Goals
- Discussion Questions
- Case References
- Endnotes
- Chapter 2: The Rise of AI: Innovation and Impact
- Chapter 2: The Rise of AI: Innovation and Impact
- Introduction
- Foundations of AI (Pre–1950s)
- Artistic Foundations
- Scientific Foundations: Early Thinkers and Theories
- The Dawn of AI (1950–1970)
- The Turing Test: Can Machines Think?
- The Dartmouth Conference
- Early AI Programs
- Emerging Computer Technologies
- Impact on Business Practices
- The Age of Experimentation (1970–1985)
- Expert Systems
- Advancements in Neural Networks
- The Microprocessor Revolution and Technological Foundations
- Impact of AI on Business from 1970–1985
- The AI Winter and Resurgence (1985–2000)
- The Resurgence: Seeds of Renewal
- Technological Foundations
- AI and Robotics in Business (1985–2000)
- The Age of Big Data and Machine Learning (2000–2020)
- Technological Foundations
- Business Applications
- The Generative AI Revolution (2020–Present)
- Scientific and Technological Advancements
- AI and the Internet of Things: A Seamless, Intelligent World
- Ethical, Safety, and Privacy Concerns in AI
- AI’s Future: Opportunities and Challenges
- Summary of Key Points and Quick Wins
- QUICK WINS
- Key Terms
- Case Study 2.1: AI and COVID-19
- AI’s Role in the COVID-19 Response
- The Pandemic’s Impact on AI Adoption
- Discussion Questions
- Case References
- Case Study 2.2: Project Innereye: Expanding AI in Medicine
- Discussion Questions
- Case References
- Case Study 2.3: Pioneering Women’s Sports Analytics with AI
- AI’s Journey in Sports Analytics
- A Historical First for Women’s Sports
- Impact on the Game
- Discussion Questions
- Case References
- Endnotes
- Chapter 3: Data Management for AI
- Chapter 3: Data Management for AI
- Introduction
- Data for AI
- Data Structure and Types
- Sources of Data for AI
- Data Security
- Data Security Challenges
- AI Data Security Principles
- Data Quality and Integrity
- High Quality Data: Characteristics and Methods
- Data Cleaning
- Building a Data-Ready Organization
- Data Regulations
- Broad Governmental Policies
- Industry-Specific Data and AI Regulations
- Big Data and Data Management
- Larger Data Centers
- Distributed Cloud-Based Storage Systems
- Sustainability in Storage
- Emerging Technologies in AI Data Management
- Blockchain
- AI-Powered Cybersecurity
- Edge Computing and Storage
- Federated Learning
- Ethical Considerations in AI Data Collection and Use
- Summary of Key Points and Quick Wins
- QUICK WINS
- Key Terms
- Discussion Questions
- Exercises
- Case Study 3.1: Amazon—AI in the Hiring Process
- The Start of the Journey
- Clues of Bias
- Repercussions and Repairs
- Discussion Questions
- Case References
- Case Study 3.2: Darktrace—AI in Network Security
- Benefits and Challenges
- Broader Implications
- Discussion Questions
- Case References
- Case Study 3.3: Tradelens—Blockchain as a Solution, But Why Did It Fail?
- Blockchain as a Solution
- An Unexpected Failure
- Lessons from Failure
- Conclusion
- Discussion Questions
- Case References
- Endnotes
- Chapter 4: Machine Learning
- Chapter 4: Machine Learning
- Introduction
- How Machine Learning Models Learn
- Supervised Learning
- Unsupervised Learning
- Reinforcement Learning
- Machine Learning in Business Functions
- Data Management and Preprocessing
- Prediction and Forecasting
- Classification and Risk Assessment
- Customer Segmentation and Personalization
- Process Optimization and Automation
- Comparing Standard Machine Learning Algorithms
- Ethical Risks of Machine Learning in Business
- Algorithmic Bias in Machine Learning
- Strategies for Reducing Bias in Machine Learning Systems
- Other Concerns
- Summary of Key Points and Quick Wins
- QUICK WINS
- Key Terms
- Discussion Questions
- Exercises
- Case Study 4.1: Netflix Recommendation System
- Netflix’s History
- The Heart of Netflix: Its Recommender Grid
- The Data Driving the System
- Challenges and Ethical Considerations
- Business Impact
- Discussion Questions
- Case References
- Case Study 4.2: Flight Delays at JFK
- Implementation
- Discussion Questions
- Case References
- Case Study 4.3: UPS Vehicle Routing
- Challenges for Logistics Companies
- UPS and ORION: AI for Efficiency
- The Left-Turn Problem
- Real-Time Optimization and Cost Savings
- Conclusion
- Discussion Questions
- Case References
- Endnotes
- Chapter 4S: Machine Learning Technical Supplement
- Chapter 4S: Machine Learning Technical Supplement
- Principal Component Analysis (PCA)
- How PCA Works
- Business Applications of PCA
- Advantages of PCA
- Limitations of PCA
- K-Means Clustering
- How k-Means Clustering Works
- Business Applications of k-Means Clustering
- Advantages of k-Means Clustering
- Limitations of k-Means Clustering
- K-Nearest Neighbors (K-NN)
- How k-NN Works
- Business Applications of k-NN
- Advantages of k-NN
- Limitations of k-NN
- Linear Regression
- How Linear Regression Works
- Business Applications of Linear Regression
- Advantages of Linear Regression
- Limitation of Linear Regression
- Decision Trees
- How Decision Trees Work
- Business Applications of Decision Trees
- Advantages of Decision Trees
- Limitations of Decision Trees
- Random Forests
- How Random Forests Work
- Business Applications of Random Forests
- Advantages of Random Forests
- Limitations of Random Forests
- Logistic Regression
- How Logistic Regression Works
- Business Applications of Logistic Regression
- Advantages of Logistic Regression
- Limitations of Logistic Regression
- Support Vector Machines (SVMs)
- How SVM Works
- Business Applications of SVMs
- Advantages of SVMs
- Limitations of SVMs
- Collaborative Filtering
- How Collaborative Filtering Works
- Business Applications of Collaborative Filtering
- Advantages of Collaborative Filtering
- Limitations of Collaborative Filtering
- Time Series Analysis
- How Time Series Analysis Works
- Business Applications of Time Series Analysis
- Advantages of Time Series Analysis
- Limitations of Time Series Analysis
- Metrics for the Quality of Algorithms
- Confusion Matrix
- Metrics
- Summary
- Algorithm Selection Questions
- Metrics and Evaluation Questions
- Chapter 5: Neural Networks and Deep Learning
- Chapter 5: Neural Networks and Deep Learning
- Introduction
- Clarifying Neural Networks and Deep Learning
- The Growing Importance of Neural Networks
- Business Applications of Neural Networks
- Why Businesses Are Adopting Neural Networks
- Real-World Impacts
- Deep Learning
- Deep Learning’s Role in Business
- Deep Learning in Natural Language Processing
- NLP Applications in Business
- Limitations of Neural Networks and Deep Learning
- Emerging Capabilities in Deep Learning
- Foundation Models
- Multimodal Learning
- Few-Shot and Zero-Shot Learning
- Energy-Efficient Deep Learning (Green AI)
- Deep Learning for Personalized Adaptive Systems
- Deep Learning and Virtual Reality
- Growth of Neural Network Models
- Summary of Key Points and Quick Wins
- QUICK WINS
- Key Terms
- Discussion Questions
- Exercises
- Case Study 5.1: IBM Watson Openscale—Explainable AI
- IBM Watson and OpenScale
- Challenges and Tradeoffs
- Conclusion
- Discussion Questions
- Case References
- Case Study 5.2: Tesla Autopilot—The Promise and Peril of Deep Learning–Driven Autonomy
- The Market for Autonomous Vehicles
- Deep Learning and Tesla’s Autonomy Strategy
- Challenges in Technology and Regulation
- Legal Difficulties
- Conclusion
- Discussion Questions
- Case References
- Case Study 5.3: Facial Recognition Technology and the Detroit Lions
- Technology Overview
- Applications and Business Value
- Discussion Questions
- Case Reference
- Endnotes
- Chapter 5S: Neural Networks and Deep Learning Concepts Technical Supplement
- Chapter 5S: Neural Networks and Deep Learning Concepts Technical Supplement
- Traditional Machine Learning vs. Deep Learning
- How Neural Networks Work
- Neural Network Architecture
- Activation Functions
- Forward Propagation and Backpropagation
- Training with Stochastic Gradient Descent
- Office Building Analogy
- Overfitting
- Deep Learning Model Types
- Convolutional Neural Networks: Specialists in Visual Data
- Recurrent Neural Networks: Specialists in Sequences and Time Series
- Transformers and Attention Mechanisms
- What Are Transformers?
- How Attention Mechanisms Work
- Transformers in Modern AI Applications
- Conclusion
- Endnotes
- Chapter 6: Generative AI in Business: Transforming Industries with Innovative Technology
- Chapter 6: Generative AI in Business: Transforming Industries with Innovative Technology
- Introduction
- What Is Generative AI?
- Predictive vs. Generative AI
- Types of Generative AI
- How Generative AI Works
- Training Generative Models
- Text Generation: Step by Step
- Image Generation
- Multimodal and Video Generation
- Business Applications of Generative AI
- Text-Based Applications
- Custom GPTs
- Chatbots and Customer Engagement
- Generative Visual Content and Virtual Try-On
- Product Design
- Generative AI in Contract Review
- Training and Onboarding
- Multimodal and Interactive Experiences
- Specialized Use Cases across Industries
- Risks and Limitations of Generative AI
- Hallucinations and Factual Inaccuracy
- Bias and Fairness
- Intellectual Property and Legal Concerns
- Transparency and Explainability
- Ethical Use and Governance
- Work Role Changes
- Business Models in Generative AI
- Summary of Key Points and Quick Wins
- QUICK WINS
- Key Terms
- Discussion Questions
- Exercises
- Case Study 6.1: When AI Makes False Claims—The OpenAI Libel Controversy
- Discussion Questions
- Case References
- Case Study 6.2: AI Voice Cloning
- How It Works
- Uses—and Abuses
- When Voice Cloning Helps
- Grief and the Gray Areas
- Legal and Ethical Challenges
- Discussion Questions
- Case References
- Case Study 6.3: Revolutionizing Soccer Tactics with TacticAI
- The Role of TacticAI
- How It Works
- Business and Competitive Value
- Potential Risks and Limitations
- The Future of Sports AI
- Discussion Questions
- Case References
- Endnotes
- Chapter 6S: Generative AI Technical Supplement
- Chapter 6S: Generative AI Technical Supplement
- Key Technical Components
- Tokenization and Embeddings
- Transformer Architectures and Autoregressive Generation
- Core Generative Model Types
- Transformers
- Diffusion Models
- Generative Adversarial Networks
- Variational Autoencoders
- Recurrent Neural Networks
- How Generative AI Balances Creativity and Coherence
- Sampling Strategies in Generative AI
- Generative AI Isn’t Done Evolving
- Endnotes
- Chapter 7: Strategic AI Implementation: People, Process, and Purpose
- Chapter 7: Strategic AI Implementation: People, Process, and Purpose
- Introduction
- Assessing Organizational Readiness for AI
- Data Readiness
- Integrating Data across the Organization
- Technological Readiness
- Business Process Readiness
- Workforce Readiness
- Cultural and Leadership Readiness
- Identifying Business Functions Ready for AI Integration
- Customer Service
- Marketing
- Operations and Supply Chain Management
- Other Departmental Applications
- Aligning AI Projects with Business Objectives
- Implementing AI Solutions
- Selecting the Right AI Tools
- Selecting the Right AI Vendors
- Monitoring and Measuring AI Effectiveness
- Innovation and Creativity Metrics
- Operational Efficiency Metrics
- Customer Experience Metrics
- Business Outcome Metrics
- Balanced Scorecard Approach
- Basic Ethical, Legal, and Regulatory Considerations in AI Implementation
- Curate Diverse and Ethical Training Data Biases
- Ensure Explainability
- Promote Transparency
- Continually Assess Risks and Benefits
- Ensure Accountability
- Plan for Workforce Impact
- Legal and Regulatory Considerations
- A Final Note
- Special Considerations for Generative AI
- Ethical Foundations for Generative AI
- Reducing Hallucinations and Misinformation
- Managing Workforce Disruptions
- Safeguarding User Consent and Control
- Navigating Copyright and Intellectual Property Risks
- Legal Accountability in Generative AI Systems
- Summary of Key Points and Quick Wins
- QUICK WINS
- Key Terms
- Discussion Questions
- Exercises
- Case Study 7.1: Mastercard Fraud Detection
- AI as a Solution
- Implementation Decision
- The Launch of Decision Intelligence
- Outcomes
- AI Expansion beyond Fraud
- Takeaways
- Discussion Questions
- Case References
- Case Study 7.2: Pfizer-BioNTech COVID-19 Vaccine
- A Compressed Timeline—Enabled by AI
- AI Contributions across the Development Pipeline
- Why It Worked
- Ethical and Operational Considerations
- Conclusion
- Discussion Questions
- Case References
- Case Study 7.3: The New York Times and Google Cloud AI
- Digitization: A Human-Driven Process
- AI Vendor Choice
- From Preservation to Personalization
- Discussion Questions
- Case References
- Endnotes
- Chapter 8: The Art of Prompt Engineering with FOCUS
- Chapter 8: The Art of Prompt Engineering with FOCUS
- Introduction
- The Focus Framework for Effective Prompts
- General Principles of Prompt Crafting
- Hard Prompts: Benchmarks for AI
- Iterative Refinement
- Prompt Refinement Example
- Understanding AI Models
- Closed-Domain Chatbots
- Open-Domain Chatbots
- How Chatbots Explain Themselves
- Advanced Prompting Techniques
- Task Decomposition
- Additional Techniques and Strategies
- Communicating Effectively with Business AI Tools
- Personas in Prompt Engineering
- Choosing the Right Persona
- Using Personas Effectively
- Potential Risks of Persona-Driven Prompts
- Strategies for Verifying AI Responses
- Ethical Considerations In Prompt Engineering
- Ethical Prompt Crafting
- Verification
- Ethical Use of Generative AI Output
- Intellectual Property and Creativity
- Intellectual Property and AI
- Ethical Prompting Checklist
- The End Is Just the Beginning
- Summary of Key Points and Quick Wins
- QUICK WINS
- Key Terms
- Discussion Questions
- Exercises
- Case Study 8.1: 2023 Writers Guild of America Strike
- Writers’ Concerns about AI
- The Studios’ View
- Legal and Ethical Implications
- Resolution and Aftermath
- Discussion Questions
- Case References
- Case Study 8.2: Generative-AI Art in Board Games
- Jenna’s Decision: Legends Unbound
- Business Opportunities
- Ethical Challenges
- Conclusion
- Discussion Questions
- Case References
- Case Study 8.3: Hallucinating the Law
- What Went Wrong?
- Could a Persona Have Helped?
- Open vs. Closed Chatbots: Choosing the Right Tool
- Prompt Engineering Lessons
- The Legal and Ethical Fallout
- The Bigger Picture
- Discussion Questions
- Case References
- Endnotes
- AI in Action: The Singapore Case Series
- AI in Action: The Singapore Case Series
- INTRODUCTION
- A Seamless Morning in Singapore’s Smart Nation
- Smart Home Start
- Stepping into the Community
- Public Infrastructure in Sync
- Commute with Intelligence
- Smart Commerce and Customer Experience
- Workplace and Reflection
- Discussion Questions
- Case References
- Foundations of a Smart Nation
- A Glimpse of the Future
- The Three Pillars of the Smart Nation Vision
- Challenges and Opportunities in 2014
- Singapore’s Strategic Shift toward AI
- Discussion Questions
- Case References
- Singapore’s Data Engine
- The Foundation of Data Infrastructure
- Governance and Trust
- From Data to Impact
- Looking Ahead
- Discussion Questions
- Case References
- Singapore’s Intelligent Spaces
- Ari at the Bosch Campus
- Singapore’s Green Plan and the Role of Machine Learning
- The Sensor-Driven Transformation
- Training the Model
- Scaling toward a Smart Nation
- Discussion Questions
- Singapore’s Intelligent Transportation System
- A Road That Thinks Ahead
- Neural Networks in the Infrastructure
- Making a Case for the Human Impact
- A System That Sees Too Much?
- A System That Finds Parking Too
- A System That Clears the Way
- The Future in the Foundations
- Discussion Questions
- Case References
- AI in Urban Design
- A Smarter Start to Design
- Prompting Smarter Urban Design
- Bias in the Training Data
- Ethical and Technical Questions
- The Bigger Picture
- Discussion Questions
- Case References
- Personalizing Government: The LifeSG Project
- A New Kind of Public Service
- From Moments of Life to LifeSG: A Platform Evolves
- Pilot Integration and AI Functionality
- Reshaping Public Service Roles
- Addressing Explainability and Trust
- Citizen Adoption and Community Engagement
- Smart Cities around the World
- Discussion Questions
- Case References
- Telling the Smart Nation Story
- Ari’s New Assignment
- Calling in AI for Assistance
- Applying the FOCUS Framework
- The Hallucination Test
- Breaking Down the Project
- Ari at the Podium
- Discussion Questions
- Endnotes
- Accessibility Content: Text Alternatives for Images
- LO Extended Description (Frontmatter)
- Basic ethical Extended Description (Frontmatter)
- Sustainability Extended Description (Frontmatter)
- Figure 6.3 Extended Description (Frontmatter)
- Figure 8.1 Extended Description (Frontmatter)
- Summary Extended Description (Frontmatter)
- Figure 1.1 Extended Description (Chapter 1)
- Figure 1.2 Extended Description (Chapter 1)
- Figure 1.3 Extended Description (Chapter 1)
- Unfigure 1.1 Extended Description (Chapter 1)
- Unfigure 2.1 Extended Description (Chapter 2)
- Figure 2.1 Extended Description (Chapter 2)
- Unfigure 2.2 Extended Description (Chapter 2)
- Figure 3.1 Extended Description (Chapter 3)
- Figure 3.2 Extended Description (Chapter 3)
- Figure 3.3 Extended Description (Chapter 3)
- Figure 3.4 Extended Description (Chapter 3)
- Figure 3.5 Extended Description (Chapter 3)
- Figure 3.6 Extended Description (Chapter 3)
- Figure 4.1 Extended Description (Chapter 4)
- Figure 4.2 Extended Description (Chapter 4)
- Figure 4.3 Extended Description (Chapter 4)
- Figure 4.4 Extended Description (Chapter 4)
- Figure 4S.1 Extended Description (Chapter 4S)
- Figure 4S.2 Extended Description (Chapter 4S)
- Figure 4S.3 Extended Description (Chapter 4S)
- Figure 4S.4 Extended Description (Chapter 4S)
- Figure 4S.5 Extended Description (Chapter 4S)
- Figure 4S.6 Extended Description (Chapter 4S)
- Figure 4S.7 Extended Description (Chapter 4S)
- Figure 4S.8 Extended Description (Chapter 4S)
- Figure 4S.9 Extended Description (Chapter 4S)
- Figure 4S.10 Extended Description (Chapter 4S)
- Figure 4S.11 Extended Description (Chapter 4S)
- Figure 4S.12 Extended Description (Chapter 4S)
- Figure 5.2 Extended Description (Chapter 5)
- Figure 5.3 Extended Description (Chapter 5)
- Figure 5S.1 Extended Description (Chapter 5S)
- Figure 6.1 Extended Description (Chapter 6)
- Figure 6.2 Extended Description (Chapter 6)
- Figure 6.3 Extended Description (Chapter 6)
- Figure 6.4 Extended Description (Chapter 6)
- Figure 6S.1 Extended Description (Chapter 6)
- Figure 6S.2 Extended Description (Chapter 6)
- Figure 6S.3 Extended Description (Chapter 6)
- Figure 7.2 Extended Description (Chapter 7)
- Figure 8.1 Extended Description (Chapter 8)
- Figure 8.2 Extended Description (Chapter 8)
- Figure 8.3 Extended Description (Chapter 8)