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Integrating Ethical Values and Economic Value to Steer Progress in Artificial Intelligence

In order to promote the application of ethical principles and values in developing and implementing artificial intelligence systems, we often encounter conflicting opinions from different parts of the organization with solutions that may lead to inappropriate solutions, causing unclear effects on the future of enterprises. This article by Anton Korinek highlights some tensions between economic philosophy and ethics, as well as approaches for solving such conflicts by presenting a series of five challenges.

Artificial Intelligence: Compared To The Human Mind’s Capacity For Reasoning And Learning

Artificial Intelligence(AI), the science of making smarter and intelligent human-like machines, has sparked an inevitable debate of Artificial Intelligence Vs Human Intelligence. In an attempt to make smarter machines, are we overlooking the impact of AI takeovers on future careers? Would Human Intelligence face an existential crisis?

Will Artificial Intelligence Have a Progressive or Retrogressive Impact on Our Society?

Artificial intelligence (AI), known by some as the industrial revolution (IR) 4.0, is going to change not only the way we do things, how we relate to others, but also what we know about ourselves. This article will first examine what AI is and discuss its impact on industrial, social, and economic changes on humankind in the 21st century. The author will then propose a set of principles for AI bioethics. The IR1.0 industrial revolution led by Adam Smith had a huge social impact without directly complicating human relationships. Modern AI has a tremendous impact on how we do things and also the ways we relate to one another. Facing this challenge, new principles of AI bioethics must be considered and developed to provide guidelines for the AI technology to observe so that

Examining the Effects of Product Descriptions, Reviews, and Ratings on Purchase Decision

Understanding the consumer buying decision process means that businesses understand the stages customers go through to be able to come to a final decision whether to buy a product or not. This means that businesses should focus on creating products and services that meet the specific needs of each stage of the buying process, as any one stage can affect how likely a customer will remain/return as a customer. Customer Psychology is the study of how people make decisions, the reasons they buy and why they buy what they do. By understanding the psychology behind your customer, you can help your business develop more effective sales strategies and marketing campaigns, as well as build a deeper understanding of their journey within your business.

Artificial Intelligence and Its Implications for Income Distribution and Unemployment

When war occurs in the global community, it is likely that economic issues are something that people would rather not deal with. In recent years, especially since the pandemic and war, unemployment has been on the rise and continues rising as we approach 2022. Unemployment in March 2022 was recorded to be ~5.1%, a slight decrease from 5.2% the month prior.\Will artificial intelligence reduce unemployment, or increase it? This issue of interest is more relevant than ever before, as AI has been used in the workplace for a number of years. While the use of AI has often been limited to small set of tasks such as call centers or computer games, there are a growing number of cases where it’s replacing jobs based on capabilities rather than specific expertise.

Grow faster, drive efficiency and unlock resources through digitally enabled services.

Digitally-Enabled Services (DES) statistics provide new measures of the value of digital goods and services being traded online.

Acquisition of new customers vs retaining existing ones, which one is more challenge?

Majorly, customer retention and acquisition are the two types that can affect business sustainability and growth. Any business relies on the efficacy of its employees and the loyalty of its customers.

The influence of performance management for both huge and diversified organizations.

If you want employees to feel happy and motivated, managers who know how to coach, mentor team members, and build a corporate culture that focuses on cultivating and developing talent, then performance management is required. Managers who use a performance management system can provide accurate feedback to employees about their strengths and weaknesses in the areas of leadership, teamwork and problem solving to facilitate coaching from peers. Employees will have more confidence with the knowledge that their manager is looking out for them. It may even make the employee feel that it's not about her or him but about the company as a whole instead of an employee being evaluated primarily for herself or himself.

A study on how to make customers purchase goods and services in the luxury category

As a part of luxury retail, we often talk about how exclusive products are what sets aside luxury brands from traditional retailers. However, given the nature of luxury businesses, we often forget that there is also an incredible attention to detail given to every single customer at Gucci and Jaguar. Each piece created by the designers at these brands is beautifully crafted for each customer, taking priority over everything in their mind. The service provided in their stores is designed to impress not just with product but with extraordinary customer care as well.