Application For Xpertrule And Ethical Issues - 1155 Words

Work Related Application for XpertRule and Ethical Issues The range of applications for XpertRule system to manufacturing, marketing, and sales is so wide. The system is wide ranging as helping a banker in making financial decisions to helping university advisors and university students to plan and schedule appointments. For example, in a financial service industry, XpertRule system can be used by bankers as an advisory system to help make decisions on whether to make a loan available to individuals or businesses. Globalization and modern technology have created competition in the financial industry and these competitions come with risks. Therefore, risk management in the financial industry is important. So persuading superiors in a financial industry such as in a bank, would not be so difficult because risk management is needed in credit, operations, and market. Risk management in banks does not only involve planning and backup but also technical assistance that helps bank managers take quick action and manage all risks (Mali Kulkarni, n. d). This would help increase quality, reduce error, decrease manpower, security system in banks, increase speed for complex tasking, increase customer service, and improve decisions (Mali Kulkarni, n.d). Although this system has some persuasive advantages, it could also be opposed because it might be deskilling decision markers. The use of this system could result in the unwarranted reliance on the system in decision-making and the