Artificial Intelligence is emerging swiftly and its possibilities are wide. Experts say that Artificial Intelligence is going to change the world more than anything in the history of mankind even more than electricity. As the concept is new its opportunities and threats would also be unprecedented. Would it completely change the lifestyle and routine of future generations and make life easier?
#What is Artificial Intelligence?
Artificial intelligence (AI) is the ability of a computer or a robot controlled by a computer to do tasks that are usually done by humans because they require human intelligence and discernment. The term is frequently applied to the project of developing systems endowed with the intellectual processes characteristic of humans, such as the ability to reason, discover meaning, generalize, or learn from experience (Britannica). It is the main force behind emerging technologies like robotics, big data, and IoT. We already use artificial intelligence in our smart devices, cars, science, engineering, business, healthcare system, weather forecasting, and apps, and we’ll continue to see its influence in more areas with deeper impact in the future. Some examples of AI are,
- Face Recognition.
- Siri, Alexa, Echo Dot, Cortana
- Speech recognition
AI and the future of humans:
The world’s top technology firms are competing to develop AI solutions that can provide a competitive advantage by augmenting human intelligence. According to IBM, the right equation for AI growth is, “the rise of big data combined with the emergence of powerful graphics processing units (GPUs) for complex computations and the re-emergence of a decades-old AI computation model—deep learning.” Tesla founder Elon Musk recently donated $10 million to fund ongoing research at the non-profit research company OpenAI. Companies are spending nearly $20 billion annually on AI products and services, giants like Google, Apple, Microsoft, and Amazon too are spending billions to create AI products and services. AI is an integral part of Universities’ curricula, and the U.S. Department of Defense also is concentrating on Artificial Intelligence. Some of these make a considerable growth while others remain as a theoretical concept only.
The growth of AI is important to our future as AI is the foundation of machine learning. With the help of AI, computers can generate a large amount of data and make discoveries and decisions using the learned intelligence in very little time as human beings do. Artificial Intelligence helps in research from cancer to climate change. Some of the fields AI impacted are,
The application of AI accelerated the diagnosis and discovery of new drugs. Big data analysis and virtual nursing assistants monitor patients and help to create a more personalized patient experience. Fitbit or iWatch are widely used by common people to collect a lot of data like the sleep patterns of the individual, heart rate, the calories burnt by him, and a lot more which can help with early detection, and disease diagnosis. If connected with AI this device can easily monitor and notify abnormal trends and can even schedule a visit to the closest Doctor by itself.
With the launch of Autopilot by Tesla, automobiles are changing to software-controlled intelligent machines. Autopilot takes up data from all the Tesla’s running on the road and uses it in machine learning algorithms. The assessment of both chips is later matched by the system and followed if the input from both is the same. Additionally, AI-powered robots perform various manufacturing tasks such as producing the initial nuts and bolts of a vehicle, assembly, and stacking, and predictive analysis sensors to keep equipment running smoothly.
With the help of AI, textbooks are now digitized. Virtual tutors who are in their early stages assist human instructors and facial analysis checks the emotions of students and detects who’s struggling or bored and better tailors the experience to their individual needs. For Example, Case-based simulations offered by Harvard graduate school.
The banking and Finance industry adopted Artificial Industry pretty early. Some estimates show that financial institutions can save more than $1 trillion by 2030 by adopting artificial intelligence. While automation will account for a large portion of these savings, banks will save billions of dollars by utilizing AI to prevent fraud, assure compliance, manage risk, and process data. Banks provide quality services ta a large number of customers by using Features like AI bots, digital payment advisers, and biometric fraud detection mechanisms. Examples of AI in the Banking and financial sector include SIA by depository financial institutions of India (chatbots) and intelligent robot traders by Aidya and Nomura Securities for autonomous, high-frequency trading.
The field of marketing is always evolving. Marketers are using new technologies never like before for better results and automation. Marketers use tools that utilize AI and deep learning to match brands with the right influencers. This helps marketers better magnify their messaging while also lowering the amount of time they have to spend exploring partnerships. Another advancement is the use of machine learning to personalize advertising content, ensuring that it remains relevant and entertaining to viewers. Instagram is using AI to customize content for the Explore Tab. There would also be AI tools that will write Facebook and Instagram ads for us. AI allows marketers to analyze and track every step that social media users take.
Artificial Intelligence is used in other fields too such as media, customer service, surveillance, gaming, robotics, space exploration, etc. Several industries are yet to use AI. Even though the current development is in the initial stage, and not full-fledged AI probably would take over other industries too and bring more advanced features also changing the workplace and labor.
Although AI brought a drastic change to the world and amplified human effectiveness experts also express concerns about the long-term impact of its growth. They complain that Artificial Intelligence is a threat to privacy, human agency, autonomy, and capabilities and leads to data abuse, and job loss, which negatively affects individuals’ cognitive, social, and survival skills. Some also raise a concern about the threat of Autonomous weapons, cybercrime, and weaponized information.
“As more and more artificial intelligence is entering into the world, more and more emotional intelligence must enter into leadership.”
Amit Ray, Famous AI Scientist, Author of Compassionate Artificial Intelligence
“The development of full artificial intelligence could spell the end of the human race….It would take off on its own, and re-design itself at an ever-increasing rate. Humans, who are limited by slow biological evolution, couldn’t compete, and would be superseded.”
Stephen Hawking, BBC
Andrew McLaughlin, executive director of the Center for Innovative Thinking at Yale University, previously deputy chief technology officer of the United States for President Barack Obama and global public policy lead for Google, wrote,
“2030 is not far in the future. I sense that innovations like the internet and networked AI have massive short-term benefits, along with long-term negatives that can take decades to be recognizable. AI will drive a vast range of efficiency optimizations but also enable hidden discrimination and arbitrary penalization of individuals in areas like insurance, job seeking, and performance assessment.”
Fortunately, experts are considering these accusations seriously and coming up with solutions. By the year 2030, Analysts expect that people will become even more dependent on networked artificial intelligence (AI) in complex digital systems.