Question

Risk identifying- The first element "identifying the risk" can be different in future because of Artificial intelligence. Now the AI working on decision making, crime prediction etc. And in some cases it predicts the market opportunities. Then it will be the best tool for identifying the risk.

Risk evaluation- risk evaluation could based on computer algorithms in future. Now it is working in only share markets but in future it can be helpful in evaluate the risk in other corporate fields.

Monitor risk- risk monitoring is technical work.it is doing by softwares those calculations are depend on human.AI can take the place of human for monitoring the risks.

We are seeing that how technology taking the place of mindmade equations in technology. In the future it can be possible that human only have to make the AI software for business then it will going on automatically. Due to technology depend business era businesses will be convert in technical game.

But this is the time for adapt the digitigation in businessess. Technology is better than human prediction in economically. And it is more beneficial with less harms like culture ruining.

Answer 1

There is no doubt that technology has played and will be playing the important role for many businesses in the whole world. There is some country who are lacking technology but soon in future they will also avail such things. Through introduction of technology in various types of business risk can be measured, various important analysis can be done in seconds and control for risk can be established so that no losses occur. This all is happened just because of the introduction of Artificial intelligence, which is made by human beings only, but everything’s works automatically when it is used in business operations or in decision making on various important matters of business. Human beings are making these AI software’s which is purchased by multinational company and they have totally reliance on these technologies as these don’t make any error and everything is performed as per the set standard. Many predictions which has to be made by the top management of the companies are now made through artificial intelligence as AI provides with the analysis by using the algorithms and data stored in clouds of companies, that to without any error and also providing with the insights which helps in decision making and understanding the upcoming situation of market. If these is performed by any human being there are chances that some wrong decisions may be taken place due to wrong analysis but human being. Sectors like FMCG which sells seasonal products and for that they need to look at the weather forecast which also they predict with the use of artificial intelligence. So, by this we can get to know that through the use AI work burden on human being will become very less and operational activities of businesses will start working in a more efficient manner.