Fourth Industrial Revolution – Advances in artificial intelligence

Fourth Industrial Revolution – Advances in artificial intelligence

Comcast Corporation

Comcast Corporation was founded in 1963. The corporation is headquartered in Philadelphia. It has several subsidiaries, which include NBCUniversal, Xfinity, Sky, Comcast Business, and NBC, among others. Together with these subsidiaries, Comcast offers a variety of products and services. These include internet connectivity, phone services, entertainment, surveillance services, and streaming options, among others (Innovate, 2022).

The Internet of Things

The Internet of Things pertains to connection to the Internet (Angelova, Kiryakova, & Yordanova, 2017). Comcast Corporation can incorporate the Internet of Things into its business activities for more product and service creation as well as enhance convenience and customer experience (Segil, 2014). In terms of strategic planning, the Internet of Things provides an opportunity for Comcast to maximize its current strengths in the market. For instance, the surveillance system that the company offers is an avenue that can be exploited for increased growth of the business (Chui, May, & Narayanan, 2018). The organization’s strategic planning can be enhanced because it can pursue multiple strategies that can lead to business improvement on various fronts.

In terms of improving business, Comcast Corporation can incorporate sensors into its surveillance apparatus. These sensors should alert the respective agencies in case of a security breach. Comcast Corporation should enable the surveillance apparatus to record events and disseminate the data in real-time to specific agencies. This eliminates the need for retrieving data from the property owners. It also allows the security agencies to respond to the alarms appropriately. This improves not only the user’s security but also the efficiency of the security agencies.

Such development using the Internet of Things presents challenges. First, the privacy of the clients is significantly reduced when security agencies have unlimited access to security footage. Secondly, the issue of false alarms may affect the consumption of resources in the security agencies. In addition, the failure of these systems could jeopardize security significantly.

References

Angelova, N., Kiryakova, G., & Yordanova, L. (2017). The great impact of the Internet of things on business. Trakia Journal of Sciences, 15(1), 406-412. https://doi.org/10.15547/tjs.2017.s.01.068

Chui, M., May, B., & Narayanan, S. (2018). What it takes to get an edge in the Internet of Things. McKinsey Digital.

Innovate. (2022). Comcast. Retrieved from Innovate: https://innovationsoftheworld.com/comcast/

Segil, L. (2014). How the ‘Internet of Things’ Affects Strategic Planning.

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Fourth Industrial Revolution

Today’s world of business is significantly impacted by technological advances. This blurring of boundaries between the physical, digital, and biological worlds is referred to as the Fourth Industrial Revolution (IR). Advances in artificial intelligence (AI), robotics, the Internet of things (IoT), 3D printing, genetic engineering, quantum computing, and other technologies impact the way work gets done, how products are produced, and how companies achieve their objectives. Regardless of the company’s size, age, or industry, advances in technology such as artificial intelligence are making their way into the daily practices of companies, and companies must consider the implications of the Fourth IR when developing strategic plans.

Consider the role these advances can play in your selected company’s strategic planning. Then, compose your initial post by addressing the following guidelines:

Provide a brief overview of the company you have chosen for your project; where is it headquartered, and what are the services or products it provides?
Pick an aspect of the Fourth IR (advances in artificial intelligence, robotics, the Internet of things, 3D printing, genetic engineering, quantum computing, or another technology).
How could this impact a company’s strategic planning?
Specifically, how could this aspect play a role in the strategic planning for your company?
Within your company, what are two dangers of this aspect of the Fourth IR?