L14: AI & Business Modelling

Question 1

What is AI?

Answer 1

Human like intelligence. The use of data and algorithms that simulate human behaviour

Question 2

What is Augmented intelligence?

Answer 2

Humans are not replaced but systems that help in manufacturing is created

Question 3

What are the 3 levels of AI?

Answer 3

Asisted intelligence (basic AI)
- rule based, repeatative tasks
Augmented intelligence (Emerging AI)
- machine learning
Automated intelligence (advanced)
- independent decision making

Question 4

What characterizes strong AI?

Answer 4

Incredible human intelligence
Good a processing data

Question 5

BM design decisions with AI (2 parameters) (Square Model)

Answer 5

1. Decision making process openness
2. Risk tolerance

Question 6

What are the 4 AI design decision positions to take? (Explain them)

Answer 6

Sequential machine/human AI system
Machine based AI
Cyclic human AI systems
Human based AI system

Question 7

4 Human/machine capabilities

Answer 7

1. Interoperability (interaction)
2. Authority balance (risk dependent)
3. Transparency (in decision-making)
4. Mutual learning

Question 8

AI & organisational maturity (blank)

Question 9

What are the 4 types of AI readiness for companies? (explain)

Answer 9

Pioneers: understand and have adopted AI
Investigators: Understand AI but not adopted
Experimentators: Piloting or adopting with prior understanding
Passives: Not adapted or understood AI

Question 10

What are the 4 types of AI readiness for companies? (explain)

Answer 10

Pioneers: understand and have adopted AI
Investigators: Understand AI but not adopted
Experimentators: Piloting or adopting with prior understanding
Passives: Not adapted or understood AI

Question 11

Reasons for adopting AI

Answer 11

Competitive advantage
Opens to new business opportunities
Competitors use AI