With all the hype around Artificial Intelligence – robots, self-driving cars, etc. – it can be easy to assume that AI doesn’t impact our everyday lives. In reality, most of us encounter Artificial Intelligence in some way or the other almost every single day. From the moment you wake up to check your smartphone to watching another Netflix recommended movie, AI has quickly made its way into our everyday lives. According to a study by Statista, the global AI market is set to grow up to 54 percent every single year. But what exactly is AI? Will it really serve good to mankind in the future?
What is Artificial Intelligence?
Before we jump on to the advantages and disadvantages of Artificial Intelligence, let us understand what is AI in the first place. From a birds eye view, AI provides a computer program the ability to think and learn on its own. It is a simulation of human intelligence (hence, artificial) into machines to do things that we would normally rely on humans. There are three main types of AI based on its capabilities – weak AI, strong AI, and super AI.
- Weak AI – Focuses on one task and cannot perform beyond its limitations (common in our daily lives)
- Strong AI – Can understand and learn any intellectual task that a human being can (researchers are striving to reach strong AI)
- Super AI – Surpasses human intelligence and can perform any task better than a human (still a concept)
Advantages of Artificial Intelligence
1. Reduction in Human Error
One of the biggest advantages of Artificial Intelligence is that it can significantly reduce errors and increase accuracy and precision. The decisions taken by AI in every step is decided by information previously gathered and a certain set of algorithms. When programmed properly, these errors can be reduced to null.
2. Zero Risks
Another big advantage of AI is that humans can overcome many risks by letting AI robots do them for us. Whether it be defusing a bomb, going to space, exploring the deepest parts of oceans, machines with metal bodies are resistant in nature and can survive unfriendly atmospheres. Moreover, they can provide accurate work with greater responsibility and not wear out easily.
3. 24×7 Availability
There are many studies that show humans are productive only about 3 to 4 hours in a day. Humans also need breaks and time offs to balance their work life and personal life. But AI can work endlessly without breaks. They think much faster than humans and perform multiple tasks at a time with accurate results. They can even handle tedious repetitive jobs easily with the help of AI algorithms.
4. Digital Assistance
Some of the most technologically advanced companies engage with users using digital assistants, which eliminates the need for human personnel. Many websites utilize digital assistants to deliver user-requested content. We can discuss our search with them in conversation. Some chatbots are built in a way that makes it difficult to tell whether we are conversing with a human or a chatbot.
We all know that businesses have a customer service crew that must address the doubts and concerns of the patrons. Businesses can create a chatbot or voice bot that can answer all of their clients’ questions using AI.
5. New Inventions
In practically every field, AI is the driving force behind numerous innovations that will aid humans in resolving the majority of challenging issues.
For instance, recent advances in AI-based technologies have allowed doctors to detect breast cancer in a woman at an earlier stage.
6. Unbiased Decisions
Human beings are driven by emotions, whether we like it or not. AI on the other hand, is devoid of emotions and highly practical and rational in its approach. A huge advantage of Artificial Intelligence is that it doesn’t have any biased views, which ensures more accurate decision-making.
7. Perform Repetitive Jobs
We will be doing a lot of repetitive tasks as part of our daily work, such as checking documents for flaws and mailing thank-you notes, among other things. We may use artificial intelligence to efficiently automate these menial chores and even eliminate “boring” tasks for people, allowing them to focus on being more creative.
Example: In banks, it’s common to see multiple document checks to obtain a loan, which is a time-consuming task for the bank’s owner. The owner can expedite the document verification process for the advantage of both the clients and the owner by using AI Cognitive Automation.
8. Daily Applications
Today, our everyday lives are entirely dependent on mobile devices and the internet. We utilize a variety of apps, including Google Maps, Alexa, Siri, Cortana on Windows, OK Google, taking selfies, making calls, responding to emails, etc. With the use of various AI-based techniques, we can also anticipate today’s weather and the days ahead.
Example: About 20 years ago, you must have asked someone who had already been there for instructions when you were planning a trip. All you need to do now is ask Google where Bangalore is. The best route between you and Bangalore will be displayed, along with Bangalore’s location, on a Google map.
9. AI in Risky Situations
One of the main benefits of artificial intelligence is this. By creating an AI robot that can perform perilous tasks on our behalf, we can get beyond many of the dangerous restrictions that humans face. It can be utilized effectively in any type of natural or man-made calamity, whether it be going to Mars, defusing a bomb, exploring the deepest regions of the oceans, or mining for coal and oil.
For instance, the explosion at the Chernobyl nuclear power facility in Ukraine. As any person who came close to the core would have perished in a matter of minutes, at the time, there were no AI-powered robots that could assist us in reducing the effects of radiation by controlling the fire in its early phases.