identify three major issues for the use of AI and robots in business.|Course hero helper

Sure, here are answers to your questions:

1. Three major issues for the use of AI and robots in business are:

a) Ethical concerns: AI and robots can make decisions and take actions that affect people’s lives, so there are ethical concerns around the potential misuse or unintended consequences of these technologies. For example, AI-powered hiring systems may inadvertently discriminate against certain groups of people.

b) Lack of transparency: AI and robots can be opaque in how they make decisions and take actions, which can make it difficult for people to understand and trust them. This lack of transparency can also make it difficult to identify and address biases or errors in the system.

c) Job displacement: AI and robots can automate tasks that were previously done by humans, which can lead to job displacement and potentially widening income inequality. This can have negative social and economic consequences.

2. These three issues are common across many businesses today, particularly those that are using or considering using AI and robotics technologies.
3. What is common among these three issues is that they all involve balancing the potential benefits of AI and robotics with their potential risks and downsides. Each issue requires careful consideration of ethical, social, and economic factors to ensure that the use of these technologies is responsible and sustainable.
4. It is possible that these issues could corrupt business applications if they are not addressed properly. Ethical lapses or lack of transparency can erode trust in AI and robotics technologies, while job displacement can have negative social and economic consequences if it is not managed effectively.
5. Three business options to research and develop are:

a) Healthcare: AI and robotics technologies can be used to improve healthcare outcomes, such as by aiding in diagnosis and treatment, optimizing hospital operations, and enhancing patient experience.

b) Manufacturing: AI and robotics technologies can be used to automate and optimize manufacturing processes, improving efficiency and reducing costs.

c) Financial services: AI and robotics technologies