AI in Business

What does AI stand for?

• Artificial Input

• Automated Intelligence

• Artificial Intelligence

• Automated Input

What is the purpose of AI in business?

• To increase efficiency and reduce costs

• To replace human workers

• To generate more revenue

• To make decisions without human intervention

What is a chatbot?

• A type of machine learning algorithm

• An AI program that can think like a human

• An AI program that can communicate with humans via text or voice

• An AI program that can perform a specific task

What is the role of AI in finance?

• To identify investment opportunities, reduce fraud, and optimize portfolio management

• To replace human finance professionals

• To automate the entire finance process

• To reduce the cost of finance operations

What is the role of AI in human resources?

• To replace human HR professionals

• To automate the entire HR process

• To automate recruitment and selection processes, identify employee training needs, and analyze employee performance data

• To reduce the cost of HR operations

What is the role of AI in marketing?

• To replace human marketing professionals

• To analyze customer data and personalize marketing efforts

• To automate the entire marketing process

• To reduce the cost of marketing operations

Which of the following is an example of AI in business?

• A self-driving car

• A social media platform

• An e-commerce recommendation system

• All of the above

What is the difference between AI and automation?

• AI involves machines that can learn and adapt, while automation involves machines that perform repetitive tasks

• AI involves machines that can perform repetitive tasks, while automation involves machines that can learn and adapt

• There is no difference between AI and automation

• AI is only used in business, while automation is used in other fields

What are the ethical considerations related to AI in business?

• Bias and discrimination

• Privacy and security

• Accountability and transparency

• All of the above

What is the Canvas Business Model?

• A financial model used to calculate revenue and expenses

• A marketing model used to promote products or services

• A strategic management tool used to visualize, analyze, and describe a business model