Artificial Intelligence is the science and practice of designing software and intelligent systems that exhibit artificial intelligent behavior. The main field of AI is machine learning – the ability for a machine to learn from experience – the machine can analyze data to generate an outcome.

The classic example is a baby. If we feed it images and sounds and say that it is learning then it would learn from those experiences and display the outcome, when it should, when it feels like it should. It is a very powerful concept and one that we will continue to hear a lot more about.

AI is the stuff of sci-fi films, where we see robots, called bots, and we see humanoid robots called DIMA, and we see AI machines, like Siri, and Alexa, and Cortana.

In the industry of Artificial Intelligence or AI, AI is defined as a branch of computer science that builds software, hardware, or hardware components that perform tasks that normally require human intelligence. AI is similar to software that can do things that a human being can do.

If you can’t make decisions as quickly as you want in a limited timeframe and don’t have all the relevant data you need to make those decisions, then you’d better start finding ways to automate that process. That’s why “AI” is such a buzzword right now.

Top Five Things You Need to Know About Artificial Intelligence

  1. It’s here to stay

Although AI has been around for decades, it hasn’t been widely applied. However, there is a strong push in recent years by companies such as Google and Microsoft to make the technology more commonplace by making it affordable for all businesses.

Just as smartphones came with the capacity to make calls, they also came with the ability to make and receive calls. And, just as today’s smartphones have powerful applications that make them indispensable, today’s business tools will have the ability to serve as powerful tools for a variety of uses — from inventory management to customer service and more.

  1. AI will speed your processes

If your processes are already organized and streamlined, chances are there’s not much that AI can do to improve them. However, if your processes aren’t organized at all, then AI can help a great deal.

As you know, data is king. However, collecting data is labor-intensive. And, the more data you have, the longer it takes to analyze it and come up with answers.

That’s where AI comes in. That’s because machines can think and make decisions much faster and more efficiently than humans.

For example, consider customer service. When you have a customer service representative who has worked with hundreds of customers, their skills become very valuable. However, it can be hard to give them the attention they need to do their job effectively.

When you have AI monitoring your customer service representative’s performance, AI can provide real-time feedback so they can better serve your customers.

  1. AI can improve your quality

We live in a very competitive world today. Customers are more discerning than ever and are not impressed with business just because it’s in their backyard. But, to stand out, businesses need to provide better quality and service.

In the same vein, businesses are going to need to provide better quality and service if they’re going to have better results from their marketing campaigns.

However, many businesses don’t have the expertise to do this type of work well. And, they can’t afford to hire more salespeople or marketing specialists to deliver more quality and service than they’re currently providing.

AI is now making it possible to turn most business problems into data problems, where AI’s ability to think and solve problems can be put to good use.

  1. AI can make your workforce more productive

As the productivity of the workforce declines, businesses are looking for ways to make the workforce more productive and decrease costs.

In fact, according to the research-by-research group, McKinsey, roughly half of workers in many companies are either over-or under-utilized. As these workers perform the same job but have different levels of productivity, there’s wasted revenue.

But AI is helping to remove the limitations of the workforce, allowing workers to do more with less.

Consider Amazon, which has an estimated 40,000 robots working in its warehouses, taking the jobs of the millions of employees in the company.

Robots can perform their tasks with much more efficiency, allowing them to produce the same results with a fraction of the workforce.

  1. AI is learning and developing its own capabilities

AI is a very unpredictable and ever-changing field. Since it’s new and isn’t well understood by most business leaders, you can’t be sure what tomorrow’s AI might be capable of.

However, what is for certain is that AI’s ability to learn will continue to expand.

Research company, Tractica, estimates that AI applications will generate roughly $3.9 trillion of revenue globally by 2025. This is a $2.3 trillion increase from 2017’s estimate. And, it’s a 57% increase from 2016.

That’s a pretty remarkable growth curve. It’s so astounding that one of the world’s leading venture capital firms, CapitalG, invested over $400 million in AI companies.

Its Effect on Humanity

Now we are going to discuss how artificial intelligence is good or bad for humanity-

Bad Effects

  1. There will be huge social changes that will disrupt our way of life in the human community. Humans have to work hard to earn a living, but with artificial intelligence, we can simply program machines to do something for us without having to pick up tools. Human intimacy will gradually diminish as AI replaces the need for people to meet and exchange ideas in person. AI will stand amongst people as it will no longer require face-to-face meetings to communicate.
  2. Unemployment is next as many jobs will be replaced by machines. Many automobile assembly lines today are full of machines and robots, leaving traditional workers out of work. Even supermarkets don’t need shopkeepers anymore because digital devices can outperform human labor.
  3. Wealth inequality occurs when investors receive most of their income. The gap between the rich and the poor will widen. The so-called ‘M’-shaped distribution of wealth will become clearer.
  4. New problems arise not only in a social sense but also in AI itself, as an AI that has been trained and learned how to perform a given task can eventually move to a stage beyond human control. It leads to unexpected problems and consequences. This refers to the ability of the AI to automatically function on its own, ignoring commands provided by a human controller, after loading all necessary algorithms.
  5. AI can invent things that are racially biased or self-centered to harm certain people. or stuff. For example, the United Nations have decided to limit the spread of nuclear power for fear of using it indiscriminately to destroy humanity or attacking certain races or regions to achieve the goal of domination. AI could cause global catastrophe by targeting specific races or some objects programmed to execute programmers’ orders of destruction.

Good Effects

AI and Humanity

However, it has many positive effects on humans, especially in the field of health care. AI gives computers the ability to learn, reason, and apply logic. Scientists, medical researchers, clinicians, mathematicians, and engineers can work together to develop AI that targets medical diagnosis and treatment to provide a reliable and secure healthcare delivery system.

As health professors and medical researchers strive to find new and effective ways to treat disease, digital computers will not only support analytics but also create robotic systems to precisely perform some delicate medical procedures.

  • Fast and Accurate Diagnosis

An IBM Watson computer was used for diagnosis with surprising results. AI diagnostics are provided when data is immediately downloaded to your computer. AI can also suggest different treatments to doctors.

The procedure is as follows. By downloading the digital results of the physical examination to your computer, it considers all possibilities, automatically diagnoses whether the patient has a disability or disease, and suggests different types of available treatments.

  • Reduce Human Fatigue Error

Human error in the workforce is inevitable and often costly. The higher the fatigue, the higher the risk of errors. However, Al technology does not suffer from fatigue or emotional distractions. This eliminates errors and allows you to complete tasks faster and more accurately.

  • Artificial Intelligence Surgery

Artificial intelligence-based surgical procedures were a choice for people. This AI will still have to be managed by medical professionals, but it can get the job done with minimal damage to the body. The da Vinci Surgical System, a robotic technology that enables surgeons to perform minimally invasive procedures, is now available in most hospitals.

These systems provide a higher level of precision and accuracy than manual procedures. Less invasive surgery, less trauma, and less bleeding, less anxiety for the patient.

  • Virtual Existence

Virtual presence technology enables remote diagnosis of disease. The patient does not have to get out of bed, but with the help of a remote presence robot, the doctor can see the patient without actually being there. Healthcare workers can move and interact efficiently as if they were there. This allows professionals to help patients who cannot travel.

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