Discussion 1 – Future of AI in Human Resources Function and…

(Discussion of both questions are required in same post)

(1) The latest advancements in Artificial Intelligence (AI) can be harnessed to reshape and revolutionize the landscape of business processes worldwide. What would be innovative strategies and practical implementations that human resources function that can leverage AIs potential in enhancing talent acquisition, reducing manpower, and improving performance and personalized experiences? How will you reform, perform, and transform human resources using AI to enhance business outcomes and facilitate personalized business experiences? (answer separately in a Minimum of 200 words). This is a fully AI-related foresight discussion and creative thinking will be important. (Example” Google hiring process is fully automated and AI is playing a vital role). Please use some numbers/secondary data from different industry reports (Deloitte, Accenture, Open reports of different organizations…)

(2) Can Artificial Intelligence (AI) Read Your Mind? (Doane and Seward, 2018, Applied Statistics in Business and Economics) Is our privacy at stake due to AI? Discuss in detail. (answer separately in a minimum of 200 words)

THIS IS JUST AN EXAMPLE FOR YOUR UNDERSTANDING:

You go to

to purchase a copy of Eugenie Grandet by Honore de Balzac. Amazon offers you 714 online choices (new, used, and various vendors). But Amazon also recommends that you consider buying a copy of Hedda Gabler by Henrik Ibsen or Madame Bovary by Gustave Flaubert. How did they decide on these suggestions?

The answer is that Amazon has a matrix (like an Excel pivot table) that keeps track of the frequency of purchased items (e.g., books, music, DVDs) for web shoppers. Probabilities derived from the cells in this contingency table are used to recommend products that are likely to be of interest to you, assuming that you are like other buyers. While such predictions of your behavior are only probabilistic, even a modest chance of landing extra sales can make a difference in bottom-line profit. There are even more sophisticated logic engines that can track your web clicks. Is this an invasion of your privacy? Does it bother you to think that you may be predictable? Interestingly, many consumers don’t seem to mind, and actually, find value in this kind of statistical information system.