The advent of artificial intelligence (AI) has changed the way business is conducted in every industry around the world. The adoption of AI not only helps businesses and organisations to save time and money, but also facilitate the provision of quality insights and timely data for business process re-engineering, as well as supporting tasks such as business decision making, language translation, speech recognition, visual perception and mechanical problem solving. Doubtless, AI-enabled systems are the way businesses of today will stay competitive and attract the next generation of employees and customers. Discuss how AI-enabled systems may be employed to facilitate work in the following industries/businesses. Give practical examples to support your explanations. • Finance and Economics (3 marks) • Healthcare (3 marks) • Government (3 marks) • Audit (3 marks) • Law (3 marks) [Total: 15 Marks]
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For example, machine learning models can be used to forecast stock price movements based on historical data and market indicators. Show more…
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