Technology is an essential part of the development and growth of humans.
Artificial intelligence (AI) is one such technology that is gaining momentum and hype. With technology becoming a part of our everyday lives, AI has become a topic of debates and discussions where technocrats consider it as a blessing and for some, it is a disaster. Having said that, we are still unsure about the future of artificial intelligence. Is artificial intelligence a threat or a blessing?
Take out few minutes to analyze and see how dependent you are on AI or applications of AI?
We're sure you've heard about Apple’s virtual assistant, Siri. How often have you used Google’s voice search feature, Ok Google? Both these applications make use of AI and are making our lives easier. Whether it’s making a phone call or setting reminders, AI is paving the way for more efficient lives.
We won’t be wrong in saying that giving power to machines will ease out certain problems but will also create some destructions at the same time. Let’s dive into it and take a look at the benefits and risks of artificial intelligence in this article.
Here are the advantages of AI:
As decisions taken by a machine are based on previous records of data and the set of algorithms, the chances of errors reduce. This is an achievement, as solving complex problems that require difficult calculation, can be done without any scope of error.
Have you heard of digital assistants? Advanced business organizations use digital assistants to interact with users, something that helps save them time. This helps businesses fulfil user demands without keeping them waiting. They are programmed to give the best possible assistance to a user.
The complete absence of emotions from a machine makes it more efficient as they are able to take the right decisions in a short span of time. The best example of this is its usage in healthcare. The integration of AI tools in the healthcare sector has improved the efficiency of treatments by minimizing the risk of false diagnosis.
Certain situations where human safety is vulnerable, machines that are fitted with predefined algorithms can be used. Nowadays, scientists are making use of complex machines to study the ocean floor where human survival becomes difficult.
This is one of the biggest limitations that AI helps to overcome.
Unlike humans, machine does not get tired, even if it has to work for consecutive hours. This is a major benefit over the humans, who need rest time to time to be efficient. However, in the case of machines, their efficiency is not affected by any external factor and it does not get in the way of continuous work.
Here are the disadvantages of AI:
When combining the cost of installation, maintenance and repair, AI is an expensive proposition. Those of who have huge funds can implement it. However, businesses and industries that do not have funds will find it difficult to implement AI technology into their processes or strategies.
With the dependency of humans on machines increasing, we’re headed into a time where it becomes difficult for humans to work without the assistance of a machine. We’ve seen it in the past and there’s no doubt we’ll continue seeing it in the future, our dependency on machines will only increase. As a result, mental and thinking abilities of humans will actually decrease over time.
This is the primary concern for technocrats so far. It is quite possible that AI will displace many low skilled jobs. As machines can work 24*7 with no break, industries prefer investing in machines as compared to humans. As we are moving towards the automated world, where almost every task will be done by the machines, there is a possibility of large-scale unemployment. A real-time example of this is the concept of driverless cars. If the concept of driverless cars kicks in, millions of drivers will be left unemployed in the future.
AI machines are programmed to do certain tasks based on what they are trained and programmed to do. Relying on machines to adapt to new environments, be creative and think out of the box will be a big mistake. This is not possible because their thinking zone is restricted to only the algorithms that they have been trained for.
As we end this article, we are sure that the benefits of artificial intelligence are far more than the risks associated with it. What do you think about the future of artificial intelligence? Let us know in the comments below!
Anuja is the Co-founder and CEO of RedAlkemi Online Pvt. Ltd., a digital marketing agency helping clients with their end to end online presence. Anuja has 30 years of work experience as a successful entrepreneur and has co-founded several ventures since 1986. She and her team are passionate about helping SMEs achieve measurable online success for their business. Anuja holds a Bachelors degree in Advertising from the Government College of Fine Arts, Chandigarh, India.