Artificial Intelligence (AI) is becoming an important and increasingly significant contribution to organizational performance. InArtificial Intelligence (AI) and the Accounting Function—A Revisit and...

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Artificial Intelligence (AI) is becoming an important and increasingly significant contribution to organizational performance. InArtificial Intelligence (AI) and the Accounting Function—A Revisit and a New Perspective for Developing Framework, Petkov (2020) explores the introduction of AI into the financial accounting function of organizations.




Read the article and address the following in a 1-2 page paper:







  • Discuss some of the challenges that organizations might face when attempting to implement AI in their operations.



  • Propose two ways small businesses might take advantage of AI so they do not fall behind in an ever-evolving business environment.



  • Use two sources to support your writing. Choose sources that are credible, relevant, and appropriate. Cite each source listed on your source slide at least one time within your assignment.






Week 10 Assignment - Case Study: Arti- ficial Intelligence (Al) Due: Mon Jun 10, 2024 9:00am Attempt 1 In Progress NEXT UP: Submit Assignment Week 10 Assignment - Case Study: Artificial Intelligence (Al) Criteria Discuss some of the challenges that organizations might face when attempting to implement Al in their operations. Propose two ways small businesses might take advantage of Al so they do not fall behind in an ever- evolving business environment. Use two sources to support your writing. Choose sources that Ratings 49.5 to >44.55 pts Exemplary Thoroughly discussed some of the challenges that organizations might face when attempting to implement Alin their operations. 44 t0 >39.6 pts Exemplary Thoroughly explained two ways small businesses might take advantage of Al so they do not fall behind in an ever-evolving business environment. 5.5t0 >4.95 pts Exemplary Exceeds the required 44.55 to >39.6 pts Competent Satisfactorily discussed some of the challenges that organizations might face when attempting to implement Alin their operations. 39.6 to >35.2 pts Competent Satisfactorily explained two ways small businesses might take advantage of Al so they do not fall behind in an ever-evolving business environment. 4.95 to >4.4 pts Competent Meets the required 39.6 to >34.65 pts Satisfactory Partially discussed some of the challenges that organizations might face when attempting to implement Alin their operations. 35.2to >30.8 pts Satisfactory Partially explained two ways small businesses might take advantage of Al so they do not fall behind in an ever-evolving business environment. 4.410 >3.85 pts Satisfactory Does not meet the 34.65 to >29.7 pts Needs Improvemen t Insufficiently discussed some of the challenges that organizations might face when attempting to implement Alin their operations. 30.8 to >26.4 pts Needs Improvemen t Insufficiently explained two ways small businesses might take advantage of Al so they do not fall behind in an ever-evolving business environment. 3.85t0>3.3 pts Needs Improvemen t 110 Points Possible 3 ch ind GN Add Comment Pts 29.7 to >0 pts Unacceptabl e Did not submit or incompletely discussed some of the challenges that organizations might face when attempting to implement Alin their operations. / 49.5 pts 26.410 >0 pts Unacceptabl e Did not submit or incompletely explained two ways small / 44 pts businesses might take advantage of Al so they do not fall behind in an ever-evolving business environment. 3.3to >0 pts Unacceptabl e No references
Answered 1 days AfterMay 28, 2024

Answer To: Artificial Intelligence (AI) is becoming an important and increasingly significant contribution to...

Khushboo answered on May 29 2024
3 Votes
An Introduction
Artificial intelligence (AI) has become one of the most important aspect for an organization and it has a vital role in ac
counting and finance function. AI is also having crucial role in business operations and there are various hurdles to be faced by entities at the time of adoption of AI. The cost of implementation is very high and it can be very expensive from overall organization cost perspective. Further, skilled and trained staff are required for AI adoption and there are various ethical and legal challenges for adoption of AI. Further, it can also be resulted in various legal and technological aspects which needs to be discussed carefully. AI has become an important aspect in current era and it will have significant impact on business operations and finance function.
Hurdles and Challenges to be faced during adoption of AI in business
There are various hurdles during adoption of AI in business. It may not be cost effective during business operations because cost of implementation is higher and the benefits from AI may not be higher than cost of implementation. Further, for implementation skilled and trained professionals are required and cost of such deployment can be huge or expensive. In addition to this, the employment of such experts is very expensive and very rare in the market in the current scenario. Thus, the entities that are having budget...
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