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IB3K50

Artificial Intelligence for Business

Individual Assignment, 2022-2023

Assignment Instructions

All assignments must be submitted ONLINE via my.wbs by 7pm UK time on the date displayed against this assessment.

Please ensure that you have inserted a completedassignment coversheet, which must be included as the first page of your script. This should include your Student ID number, but not your name.

Word Limit

2500-word limit.

Word Count Policy

WBS has a school-wide policy on word counts.  This is strictly enforced to ensure consistency across

modules and programme. You can find more information about this policy in your Student

Handbook under Academic Practice -4i. Word count policy.

This is a strict limit not a guideline: any piece submitted with more words than the limit will result in the excess not being marked.

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•    Correct referencing

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•    Academic writing

•    English Language support

•    Word count policy

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Your assignment instructions begin below.

Topic:

Artificial intelligence (AI) and machine learning have emerged as important areas of study for both practitioners and researchers, reflecting the magnitude and impact of data-related problems to be solved in every segment of contemporary business organisations. The field of Artificial Intelligence (AI) and  machine  learning–  which  views  data  as  a  strategic  asset  used  to  help  decision-making  in organisations with the aid of technology spans several topics that we have covered during our lectures: chatbots, recommender systems, predictive analytics, classification, fake news detection, hiring process optimisation, sentiment analysis, etc.

Scope requirements:

▪    Considering the topics mentioned above, but not limited to them, choose a phenomenon of your interest and critically discuss the application of AI in a particular industry and/or business sector or an organisation.

▪    Specifically, you  need to  leverage  Michael  Porter’s Value  Chain framework  (see  Figure  1 below) to identify the specific areas/functions of the business you would like to study. You should choose at least two activities but a maximum of three activities from Support Activities and Primary Activities indicated in the Michael Porter’s Value Chain framework. Think of AI and data as a value-driver in the value chain of an organisation or an industry and write an in- depth discussion on how the business areas/functions can benefit from the application of AI. (The business area/function here refers to the support and primary activities in the value chain shown  below, e.g.,  Human  Resources  Management,  Marketing & Sales, Service,  Inbound Logistics, Outbound Logistics, etc.)

 

Figure 1. Michael Porter’s Value Chain (Laudon and Laudon 2020)

 Inbound Logistics : What is the potential role of AI and data analytics in the key inbound logistic processes (e.g., identification, sourcing, procurement, and supplier management of the raw materials” that comprise a final product or service)?

 Operations : What is the potential role of AI and data analytics in the key operational processes  (e.g.,  engineering,  inventory  management,  and  manufacturing  of the  final product or service)?

o  Outbound Logistics : What is the potential role of AI and data analytics in the key outbound logistics processes (e.g., planning, scheduling and distribution of the final product and service)?

 Marketing  and Sales:  What  is the  potential  role  of AI  and  data  analytics  in the  key marketing and sales processes (e.g., marketing, merchandising, promotions, advertising, sales, and channel management to get the completed product and service to the end customer)?

Service: What is the potential role of AI and data analytics in key service processes (e.g., support and maintenance of products and services after they are delivered to the end customer)?

 Human Resource Management: What is the potential role of AI and data analytics in key human resource management processes (e.g., recruiting, hiring, development, and firing of personnel)?

Structure of an Essay:

▪    Introduction (introducing the topic including the key two or three business activities on which you chose to focus –, business problem, and elaborate on the practical motivation of why it is important to study)

▪    Literature review (summary of previous related academic studies on the topic and issue)

▪    Present concrete examples/cases to make a point

▪    Critically discuss your argument and ideas around the topic you have chosen

▪    Conclusions (perhaps challenges/future directions for the topic … )

▪    References

Key criteria for your argument:

▪    Analytical thinking and ability

▪   The presentation and use of literature

▪    Critical ability (need to be critical of ideas presented … )

▪    Originality in developing the arguments and presenting the ideas

▪    Clarity, structure, and style (well-written, has flow, is consistent with the referencing style, etc.)

Format guidelines:

▪    Font: Times New Roman

▪    Font size: 12

▪    Line spacing: double spacing

▪    Length: 2500 words maximum.

▪    Citation style: Harvard referencing system, see more details via: https://my.wbs.ac.uk/- /academic/151/item/id/949281/

Submission deadline:

▪    27 April 2023, 7pm UK time

Reference:

Laudon, K., & Laudon, J. (2020). Management Information Systems: Managing the Digital Firm (16th  Edition). Pearson.