With all the excitement surrounding Artificial Intelligence – robots, autonomous cars and so on. It’s tempting to think that AI isn’t a factor in our everyday lives. However, the majority of us are exposed to Artificial Intelligence in some form or another almost every day. From the time you get up and check your phone to watching a Netflix suggested movie AI has swiftly made an appearance in our daily lives. According to a report by Statista the world AI market is predicted to increase by up to 54 percent per year. What is AI? Can it truly bring good for humanity in the near future? There are a lot of positives and negatives of Artificial Intelligence which we’ll discuss in this article.
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What is Artificial Intelligence?
Before we get into the pros and cons that come with Artificial Intelligence, let us know what does AI initially. From a bird’s eye perspective, AI provides a computer program with the ability to learn and think by itself. AI is a model of human intelligence (hence artificial) into machines that perform things that typically rely on human intelligence. There are three primary kinds of AI that are depending on their capabilities – powerful AI (weak AI), strong AI and super AI.
Advantages of Artificial Intelligence
1. Reduction in Human Error
One of the major benefits that comes with Artificial Intelligence is that it can drastically reduce the amount of errors , and also increase accuracy and accuracy. The choices made by AI at every stage are made based on data that has been collected previously as well as a number of algorithm. If the AI is programmed correctly this error can be eliminated completely.
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2. Zero Risks
Another major benefit that comes with AI is the fact that we are able to take on many risks by leaving AI robots take care of the work for us. Be it the defusing of a bomb, traveling into space, or exploring the deepest regions of the oceans, machines that have metal bodies can withstand the natural world and can withstand hostile atmospheric conditions. Additionally, they are able to perform precise work, with more responsibility and will not wear out quickly.
3. 24×7 Availability
There are numerous studies that prove that humans can only work approximately 3-4 hours per day. Humans also require breaks and breaks to keep a balance between their work as well as their personal life. AI, however, can go on without interruptions. They can think faster than humans and can complete many tasks at once with precision results. They are able to handle difficult repetitive tasks with ease thanks to the aid AI algorithms. AI algorithms.
4. Digital Assistance
Many of the most technologically advanced businesses interact with their customers using digital assistants which eliminates the requirement for human employees. A lot of websites use digital assistants for delivering user-generated content. It is possible to discuss the research with them through conversations. Chatbots can be built in a manner that make it difficult to determine if we are talking to an actual person or a chatbot.
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It is common knowledge that businesses have a customer service team that has to address the concerns and issues of patrons. Businesses can build chatbots or voice bots that will be able to answer all the questions of their customers by using AI.
5. New Inventions
In almost every area, AI is the driving technology behind numerous breakthroughs which will assist humans in solving most of the difficult issues.
Recent advances in AI-based technology have allowed doctors to spot breast cancer in women earlier.
6. Unbiased Decisions
Human beings are influenced by their emotions whether we like it or not. AI however is void of emotion and is extremely practical and rational in its method of operation. One of the major advantages for Artificial Intelligence is that it doesn’t have biases that can lead to more precise decision-making.
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7. Perform Repetitive Jobs
We’ll be doing many repetitive tasks in our everyday work like looking over documents for any flaws or errors, and sending thank-you notes to clients as well as other tasks. Artificial intelligence could be used to effectively automate these tedious tasks and remove “boring” tasks for people which allows them to focus on their creativity.
Examples: In banks, it’s normal to see multiple checks for loans and is a lengthy job for the bank’s owner. The owner could speed up the verification of documents to the benefit of both customers and the bank with the help of AI Cognitive Automation.