Artificial Intelligence has become a significant and inseparable part of our lives in the last few years. It quietly snuck in and made its place within our entire infrastructure including our homes, laptops, workplaces, phones, and cars. AI has woven itself so intricately into our existence that it's almost impossible to disengage.
In fact, AI might know you more intimately than most of the people in your life. It knows your preference in art, songs, movies and shows, as well as the kind of life partner we are looking for. It knows you and it tries to make your life easier by recommending the things you might like.
Take a step out of your personal life, and you'll find that AI has become a part of the business world too. Economy, entertainment, healthcare, automotive and e-commerce, all have AI integrated into their foundation. The path AI is sprinting on concludes with it evolving into an omnipotent and highly sophisticated technology in the future.
However, how much has AI already accomplished? How will AI shape our personal and professional world? Will we recognise it as the boon or bane of our existence? Or a little of both? Let's map out a few pros and cons to get a better idea of the changes Artificial Intelligence will usher in, and in some cases, already has.
AI's beneficial impact on every sector
Transportation: Automated cars are the guaranteed future for transportation. Even though they will take a few decades to be perfected, we can all look forward to cars driving themselves.
Production: Tasks such as stacking and assembly can be delegated to AI robots that help streamline the work for humans. Along with this, predictive analysis can ensure the smooth running of the equipment.
Healthcare: AI can help diagnose and discover drugs in a short amount of time and with greater accuracy. It also provides immense help in patient monitoring through nursing assistants that are virtually present. It makes the patient feel more comfortable by analysing big data and making personalised changes and recommendations.
Education: AI has led to digital textbooks, virtual tutors that help human teachers and facial analysis that helps gain insight into the student's experience. It assesses whether a student is failing to understand or is tired. It helps Customize the experience to the needs of the student.
Cloud computing: Some of the world renowned computing companies see the benefits of introducing AI in cloud computing services. This trend will streamline the role of a managed web hosting provider, as well as, bring in more clients and help enhance our technology.
Media: AI is gaining a foothold in Journalism too, and providing a well-deserved boost. It is used to access financial reports that are incredibly complex. Its language abilities are also duly employed in journalism to flesh out reports.
Customer service: An AI assistant is being designed and built that can make calls on your behalf for various purposes, including making appointments. The brilliance lies in the understanding AI exhibits about nuance and context.
1. AI's influence on business
AI is considered to be a supporting element to human creativity and intelligence, rather than its outright replacement. At this stage, artificial intelligence is working on successfully doing some of the basic tasks. However, there is no doubt in anyone's mind of the potential it holds to analyze and process huge amounts of data at an extremely rapid speed, which is far outside the realm of human possibility. The software that is embedded in artificial intelligence can then prescribe a set of actions to the human. It can be infinitely beneficial for humans to employ artificial intelligence for mapping out the consequences of any given course of action and to streamline the process of making decisions.
2. AI's influence on human rights and privacy
The influence of AI's use of huge amounts of data has already made waves in our world. Concerns about our privacy have been raised across the globe. Some of the major examples out in bright daylight include Facebook's Cambridge Analytica debacle. There have also been reports of Amazon's Alexa listening in without permission. The situation is anticipated to get out of hand if strict regulations and limitations are not put in place. There has been a lot of criticism aimed at Facebook and Google for mining data and using it to make money. The progress seen in AI needs to be based on respecting human morals and values that include privacy. If these parameters are not set in stone the dangers in our future can be quite great.
Our society can benefit enormously from AI given its responsible application. Unfortunately, if history is to be believed, the risk of state and commercial sectors using AI for monetary benefit while waylaying human rights. A lot of people agree that this concern is legitimate. The threat to our society from AI will not take the form of a robot revolution, but the breach of moral codes aided by AI can have dire consequences.
3. AI's influence on the working class
With the rise of artificial intelligence and its varied application in several professions, there is concern that it will replace the human workforce entirely. The future will determine if this comes to pass. Some experts do not support his theory, stating that AI will never threaten millions of employees with unemployment. However, some do find this to be an imminent problem. While some believe that AI will set the workflow on a new path thus disrupting or replacing the current infrastructure; others find the prospects of employment bleak on the horizon of AI.
For better or worse, the future is fast approaching with AI playing an intrinsic role in it. Once AI makes progress and takes the helm, it will usher in a variety of startups, business and consumer applications, certain job replacements and the birth of some completely new ones. The internet can aid AI in reforming our economy. Whether it will be for our upliftment or downfall, only time will tell.