According to Joe Pepparda, and John Ward (2004). The evolution of IT in organizations to date can be captured in three ‘eras’: data processing (DP), management information systems (MIS), and strategic information systems (SIS). Many investments are made in IT not for any competitive advantages but for efficiency and effectiveness reasons. IT alone is unlikely to be a source of sustainable competitive advantage. The business value derived from IT investments only emerges through business changes and innovations.
For decades, computer programs were coded manually to give a specific outcome from a certain input. By utilizing AI technique, computers may examine the complete data to identify significant patterns for making useful predictions (Aman Chandra Kaushik, and Utkarsh Raj, 2020).
Machine intelligence is, in its essence, a prediction technology (Ajay Agrawal, Joshua Gans, and Avi Goldfarb, 2016).
REFERENCES
. Ajay Agrawal, Joshua Gans, and Avi Goldfarb (2016). The Simple Economics of Machine Intelligence. Harvard business review.
. Aman Chandra Kaushik, and Utkarsh Raj (2020). AI-driven drug discovery: A boon against COVID-19?. Ai Open. 1.
. Joe Pepparda, and John Ward (2004). Beyond strategic information systems: towards an IS capability. Journal of Strategic Information Systems, 13.