Question

1. You have landed your dream job working for Steve Evert. Unfortunately, Steve doesn't know anything about making solid business decisions. Your first assignment is to help educate Steve on the difference between transactional and analytical information and how he can use a digital dashboard to consolidate data and drill down into the details of data to help run his business.

2. Steve would also like you to create a document highlighting the five different types of artificial intelligence systems and how each system might help support making business decisions.

3. Why would the DoD use an event like the DARPA Grand Challenge or DARPA Robotic Challenge to further technological innovation?

4. Describe how autonomous vehicles and robots could be used by organizations around the world to improve business efficiency and effectiveness.

Answer 1

1. It is given that: You have landed your dream job working for Steve Evert. Unfortunately, Steve doesn't know anything about making solid business decisions. Your first assignment is to help Steve with the difference between Transactional and analytical information.

The difference between transactional and analytical information is as follows:

Transactional Information	Analytical Information
1. It helps to make decisions based on the current scenario.	1. It is derived Information i.e summarized or in detailed.
2. It contained within a business unit. for example, a lot of transactions go through from several organizations. Those transactions are transaction information.	2. It is used for managerial analyses or simply analyze the data. for example, people that are at higher posts instead of seeing daily transactions of an organization can analyze monthly sales reports.
3. It processes information that performs daily operating tasks.	3. Processing large amounts of information for creating aggregates and processes large amounts of information for creating aggregates.
for example, sales receipt	for example, Monthly sales report.

However, transactional information is an important part of analytical information. if one does not make good records of daily records then one cannot compile a final report that identity trends. so, transitional information plays a vital role while making an analytical report or information.

A digital dashboard is an electronic interface that is used to consolidate data across an organization. It provides in-depth business analysis and one can visualize data from multiple sources like databases, web services, etc. It helps to visually track information that monitors business health in terms of loss of profit.

The digital dashboard is an information management tool with the ability to drill down into the details of data to help run this business. It is developed with an ability to get as deeper down in the information as required by simply choosing the desired object or variable whomsoever one has concerned to check.

2. Creating a document of five different types of AI( artificial intelligence) are as follows:

• Visual AI( Computed vision): with Visual AI, a business can be potentially grown by identifying, classify, recognize by converting images or videos into insights.
• Text AI( text recognization, speech to text conversion): a business can use systems like Siri in apple, google assistant in android, Alexa in amazon that leads to high growth by saving time.
• Interactive AI( chatbots, personal smart assistants): Business can be built their own chatbots or smart personal assistants for personal support to every customer whoever visited their website online.
• Functional AI( IoT, robots): IoT and robotics have many integral benefits nor in business but also in technologies. It scans large amounts of data and searches for patterns related to it. For example, robots are time savior in any field this helps in business.
• Analytical AI( Data analysis, sentimental analysis): as discussed earlier, analytical AI scans or analyzes tons of data and it is the most advance deep learning technique. for example, analyzing business data.

3. The Dod use an event like the DARPA grand challenge or DARPA robotic challenge to further technology innovation because the DARPA grand challenge produces a lot of different ideas in terms of higher technology or high business growth.

4. Autonomous vehicles are fitted with cameras, sensors, and also with communication systems. Because of massive data, they are able to communicate, hears, and even think and take decisions just like humans. thus organizations can use this technology for multipurpose work.

Robots can be used for cropping up in hospitals, schools, and organizations. many organization has replaced their manual labor to robots.