For a time now, Artificial Intelligence has been a big trend in tech development and you may have noticed it becoming one of the most in-demand areas of knowledge for job seekers.
The word "artificial intelligence" conjures up images of sci-fi dreams or fears of machines taking over the planet. The media has depicted Artificial Intelligence in a variety of ways and while no one can foresee exactly how it will evolve in the future, current trends and advancements present a very different picture of how Artificial Intelligence will become a part of everyday life.
In actuality, Artificial Intelligence is already at work in almost every aspect of life, from search results to online dating prospects to shopping habits. Over the previous four years, the application of Artificial Intelligence in various corporate areas has increased by 270 percent
In today's tech industry, artificial intelligence (AI) is the most talked-about trend. Everyone seems to be interested in learning more about Artificial Intelligence and machine learning, because these technologies are game-changers in every way. As a result, Artificial Intelligence is likely to become the most in-demand area for jobs and skills, potentially eclipsing other fields of commerce.
The sound of the term is highly scientific and it conjures up images of robots taking over the globe and dominating every industry, much like in science fiction films. Nobody can say how deeply Artificial Intelligence will become a part of our lives or what the future of work will be with Artificial Intelligence integration because it is such a new field.
What is Artificial Intelligence (AI)?
Artificial intelligence is defined as the ability of a digital computer or computer-controlled robot to accomplish tasks often associated with intelligent beings.
Artificial Intelligence has become a catchall word for any advances in computing, systems and technology that allow computer programmes to accomplish jobs or solve issues that require the kind of reasoning that is associated with human intelligence, including learning from previous operations.
Artificial Intelligence relies heavily on this ability to learn. Algorithms are frequently associated with Artificial Intelligence, such as the dreaded Facebook algorithm that replaced all of our friends with sponsored material. However, there is an important distinction to be made.
The Future is Now: AI's Effects can be Found Everywhere
Modern Artificial Intelligence — more specifically, narrow Artificial Intelligence, which performs objective functions using data-trained models and often falls into the categories of deep learning or machine learning — has already impacted practically every major business. This has been especially true in recent years, as data gathering and analysis have increased dramatically because of improved IoT connection, the proliferation of connected devices and faster computer processing.
Some industries are only getting started using Artificial Intelligence, while others are seasoned veterans. Both have a lot of work ahead of them. Regardless, the impact of artificial intelligence on our daily lives is difficult to ignore:
- Transportation: Autonomous automobiles will one day transport us from place to place, despite the fact that perfecting them could take a decade or more.
- Manufacturing: AI-powered robots assist humans with a restricted range of tasks such as assembling and stacking, while predictive analysis sensors ensure that equipment runs smoothly.
- Healthcare: Diseases are more quickly and reliably diagnosed, medication discovery is sped up and streamlined, virtual nursing assistants monitor patients and big data analysis helps to provide a more personalised patient experience in the comparatively AI-nascent field of healthcare.
- Education: With the help of Artificial Intelligence, textbooks are digitised, early-stage virtual tutors assist human teachers and facial analysis assesses students' emotions to help discern who is struggling or bored and better adapt the experience to their unique requirements.
- Media: Journalism, too, is utilising Artificial Intelligence and will continue to gain from it. Bloomberg employs Cyborg technology to assist in the interpretation of complex financial reports. The Associated Press uses Automated Insights' natural language capabilities to publish 3,700 earnings reports stories per year, approximately four times more than in the past.
- Customer Service: Last but not least, Google is working on an Artificial Intelligence assistant that can make human-like phone calls to arrange appointments at places like your local hair salon. The technology comprehends context and nuance in addition to words.
Artificial Intelligence and Future of Work
With Artificial Intelligence comes the concern that humans will be supplanted by computers, resulting in a labour scarcity. It has long been predicted that newer technology will have a significant impact on the employment market and Artificial Intelligence is expected to have a significant impact on a variety of occupations.
Aside from white-collar jobs and medical fields, regular service employment may be phased out and replaced by Artificial Intelligence and robotics. Machines, in comparison to people, can complete more activities in less time and with more efficiency. This explains why some human employment may be on the decline while others increase at a faster rate.
There will also be jobs that will be affected by natural changes. Certain employment activities will be automated, which will benefit businesses, but it will also cause huge disruptions in other labour categories.
However, human workers will almost certainly not become obsolete as a result of Artificial Intelligence, at least not for a long time. To assuage some of your anxieties, robots are unlikely to take your work in the near future.
Given how artificial intelligence has been presented in the media, particularly in some of our favourite sci-fi films, it's understandable that the arrival of this technology has sparked fears that Artificial Intelligence would one day render humans useless in the workplace. After all, many tasks that were once performed by human hands have become automated as technology has progressed. It's understandable to be concerned that the advancement toward intelligent computers may herald the end of employment as we know it.
Better Opportunities for Business
Artificial Intelligence and automation are expected to increase corporate value and help to economic growth. With the introduction of autonomous vehicles and autonomous navigation, Artificial Intelligence is having an impact on the world of transportation and autos. Artificial Intelligence will have a significant impact on production, particularly the automotive industry. Artificial Intelligence advancements have enabled faster and more accurate classifications, estimates, product suggestions, as well as the detection of fraudulent acts or transactions, among other things.
As a result, Artificial Intelligence technology has a huge potential to help with economic development and manufacturing. Artificial Intelligence is infiltrating and defining new standards in practically every industry and area and it is no longer isolated to the tech industry.
Cyber security and Artificial Intelligence
Many corporate leaders are concerned about cyber security, especially given the expected increase in cyber security incidents in 2020. During the pandemic, hackers targeted those who worked from home, as well as less protected technological equipment and Wi-Fi networks.
In cyber security, Artificial Intelligence and machine learning will be key technologies for detecting and anticipating threats. Given its ability to analyse vast volumes of data and forecast and detect fraud, Artificial Intelligence will be a critical tool for financial security.
Most businesses and organisations are concerned about cyber security. Recent increases in cybercrime, as well as ever-changing hacking techniques, constitute a substantial threat to the cyber world, culminating in significant data or monetary losses for people who work from home.
As a result, cyber security will be another area where Artificial Intelligence will be active, identifying and predicting any suspicious actions or fraudulent attempts. By being able to safeguard and process vast amounts of data, Artificial Intelligence and automation will improve cyber security.
Healthcare and Artificial Intelligence
The potential benefits of using Artificial Intelligence in medicine are now being investigated. The medical industry has a large amount of data that may be used to construct healthcare-related predictive models. In some diagnostic scenarios, Artificial Intelligence has been proven to be more effective than physicians.
With the use of Artificial Intelligence tools, internet titans such as Google are already partnering with the healthcare sector to develop programmes and software that can process user data and better identify potential dangers and signs of diseases in people. Artificial Intelligence will not be restricted to diagnosis; it will also be used to improve doctor-patient communication, surgical precision, patient care and maybe reduce death rates.
E-Commerce and Artificial Intelligence
Artificial intelligence (AI) will play a key role in determining the future of e-commerce. Whether it's user expectations, digital marketing, product distribution, or customer experience, Artificial Intelligence will propel e-commerce forward to new heights, thanks to the widespread usage of chatbots and buyer personalisation, among other things.
The Social Impact of Artificial Intelligence
1) Narrow: 'how routine is your job?' the impact of Artificial Intelligence on the workforce
Artificial Intelligence pioneer Kai-Fu Lee lauded Artificial Intelligence technology and its impending influence during a talk at Northwestern University last October, while also pointing out its drawbacks and limitations.
'How routine is a job?' is a simple question to ask. And that is how probable a job will be replaced by Artificial Intelligence, because Artificial Intelligence may learn to optimise itself within everyday work. And the more quantitative the work, the more objective it is—sorting items into bins, washing dishes, picking fruits and taking customer service calls are all programmed, repetitive and routine jobs. They will be displaced by Artificial Intelligence in five, ten, or fifteen years.
Picking and packing activities are still undertaken by humans in the warehouses of online giant and Artificial Intelligence powerhouse Amazon, which buzz with over 100,000 robots – but that will change.
2) Easing the growing pains of an Artificial Intelligence-powered workforce through retraining and education
Lee, on the other hand, emphasised that today's Artificial Intelligence is useless in two ways: it lacks originality and has no ability for compassion or love. It's a tool to magnify human creativity, rather than an instrument to amplify human creativity. What is his solution? Those who work in jobs that require repetitive or routine tasks must learn new skills to avoid falling behind. Amazon even pays its employees to train for positions at other businesses.
One of the absolute criteria for Artificial Intelligence to succeed in many [areas] is that we invest massively in education to retrain people for new jobs, says Klara Nahrstedt, a computer science professor and director of the university's Coordinated Science Laboratory.
People need to learn programming as if it were a new language and they need to do it as soon as possible because it is the future. If you don't know how to code, you don't know how to program, it's only going to grow more difficult in the future.
And, while many individuals who are displaced by technology may find new jobs, Vandegrift believes this will take time. People finally got back on their feet, much as they did during America's transformation from an agrarian to an industrial economy during the Industrial Revolution, which contributed significantly to the Great Depression. The short-term impact, on the other hand, was enormous.
3) AI's near-future ramifications in rewards and punishment
Some of the most interesting Artificial Intelligence research and experimentation, in Mendelson's opinion, is taking place in two areas: reinforcement learning, which deals in rewards and punishment rather than labelled data and generative adversarial networks (GAN), which allow computer algorithms to create rather than just assess by pitting two nets against each other.
The former is represented by Google DeepMind's AlphaGo Zero's Go-playing proficiency, while the latter is exemplified by original image or audio generation based on learning about a certain subject such as celebrities or a specific genre of music.
Artificial Intelligence has the potential to have a significant impact on sustainability, climate change and environmental challenges on a far larger scale. Cities will become less congested, less polluted and more livable in the long run, thanks in part to the deployment of smart sensors. Already, progress has been achieved.
You may prescribe certain policies and procedures once you forecast anything. Sensors on automobiles that convey data about traffic conditions, for example, could identify possible difficulties and improve traffic flow. By no means is this perfected. It's still in its early stages. However, it will play a significant role in the future.
4) Artificial intelligence and the future of privacy and human rights
Of course, the fact that Artificial Intelligence’s reliance on big data is already having a significant impact on privacy has been well discussed. Consider Cambridge Analytica's Facebook antics or Amazon's Alexa spying, just two examples of technology gone awry. Critics believe that without proper rules and self-imposed constraints, the situation would worsen.
Apple CEO Tim Cook chastised Google and Facebook for greed-driven data mining in 2015. He remarked, They're sucking up everything they can discover about you and trying to commercialise it.
Artificial Intelligence can be beneficial to society if it is applied wisely. However, as with most developing technologies, there is a significant risk that commercial and government use will have a negative influence on human rights. Large volumes of data, both on individual and group activity, are frequently generated, collected, processed and shared in applications of these technologies.
This information can be used to characterise people and forecast their future behaviour. While some of these applications, such as spam filters or suggested products for online shopping, may appear benign, others can have far-reaching consequences, posing new risks to the right to privacy and freedom of expression and information.
Artificial Intelligence can also have an impact on the exercise of other rights, including as the right to an effective remedy, the right to a fair trial and the right to be free of discrimination.
Getting Ready for the Future of Artificial Intelligence
- Helpful or homicidal: artificial general intelligence's fantastic possibilities
Stuart Russell, an internationally famous Artificial Intelligence expert stated, formal arrangement with journalists that I won't talk to them unless they promise not to put a Terminator robot in the article when speaking at London's Westminster Abbey in late November 2018.
His remark displayed a clear disdain for Hollywood depictions of far-future Artificial Intelligence, which are often overdone and apocalyptic. Human-level Artificial Intelligence, often known as artificial general intelligence, has long been the stuff of science fiction. However, the odds of it being achieved in the near future, if at all, are minimal.
There are still big advances to be made before we get anything close to human-level Artificial Intelligence, says the author. One example is the ability to truly comprehend the content of a language so that machines can translate between languages. When humans perform machine translation, they first comprehend the content before expressing it. And, at the moment, machines aren't particularly good at deciphering the meaning of language.
If that aim is realised, the world will have systems capable of reading and comprehending all the human race has ever written, something that no human being can do. Once you're capable enough, you can query all of human knowledge and have it synthesise, integrate and answer questions that no human being has ever been able to answer because they haven't read and been able to connect the dots between things that have remained separate.
On that note, duplicating the human brain is extremely difficult, which is yet another argument for AGI's still-speculative future. John Laird, a long-serving University of Michigan engineering and computer science professor, has been conducting research in the topic for decades.
"The idea has always been to attempt to develop what we call the cognitive architecture, which we believe is innate to an intelligence system," he adds of his work, which is heavily influenced by human psychology.
"For example, we know that the human brain is not merely a homogeneous collection of neurons. There is a true structure in terms of various components, some of which are linked to knowledge about how to perform things in the real world."
Importance of Artificial Intelligence
Because Artificial Intelligence is the cornerstone of computer learning, artificial intelligence is very crucial to our future. Computers can harness huge volumes of data and utilise their learned intelligence to make optimal decisions and discoveries in fractions of the time it takes people. Artificial intelligence is being credited with everything from cancer research advances to cutting-edge climate change research.
Artificial Intelligence will rule the world
Artificial intelligence is expected to have a long-term impact on almost every business. Artificial intelligence is already present in our smart devices, autos, healthcare systems and favourite apps and it will continue to pervade many additional industries in the foreseeable future.
How will Artificial Intelligence affect the future?
Artificial intelligence is influencing the future of almost every sector and every person on the planet. Artificial intelligence has acted as the driving force behind developing technologies such as big data, robotics and the Internet of Things and it will continue to do so for the foreseeable future.
Conclusion
Artificial intelligence is the most exciting and widely acknowledged branch of computer science, with a bright future ahead of it. AI may be enticed to have a computer perform human-like tasks. Artificial intelligence, to put it simply, is when machines think, learn and make decisions in the same way as humans do.
The future of work and living will be more advanced and efficient thanks to Artificial Intelligence, automation and machine learning. Artificial Intelligence will make it easier for organisations to spot problems and address them more effectively.
In terms of recruitment and cyber security, there will be significant improvements. We can suggest that Artificial Intelligence will remove ordinary human employment, increase career prospects in a particular industry and free up humans to focus on more creative endeavours.
Humans are still in the early stages of comprehending AI's potential and the different ways in which it may affect our economy. To further this understanding, all parties involved should engage in more social discussion (researchers, policy makers, industry representatives, politicians, etc). This is an important first step toward gaining a better understanding of the problems and opportunities presented by the new industrial revolution. And, while one should not jump to conclusions, the rapid advancement of technology may usher in disruptive forces in the market sooner than some might expect.
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