“Everything we love about civilization is a product of intelligence, so amplifying our human intelligence with artificial intelligence has the potential of helping civilization flourish like never before-as long as we manage to keep the technology beneficial.”- Max Tegmark, President (Future of Life Insurance)
What is (AI) Artificial Intelligence?
These days AI is usually known as “narrow AI or weak AI”. Narrow because it is designed to perform tasks that are “narrow”. For instance, for the purpose of facial recognition, driving an automobile, or as simple as searching the search engines.
Narrow AI can perform any task like playing strategy games like chess or solving problems. But when it comes to AGI or strong AI as the name suggests, it can supersede human beings too.
Related Article: What is Artificial Intelligence? Future of Artificial Intelligence
Deep Learning Companies or Top AI startups
In fact, Artificial Intelligence startups are mushrooming everywhere. Also, stocks of publicly traded AI companies are doing very well in the financial sector. With evolving and advanced technology, the future of AI is slated to reach its heights very soon. It will be a technology that we will not be able to do without in near future.
Advantages of using Artificial Intelligence (AI)
We have seen that many websites employ bots (which are nothing but pre-programmed algorithm-driven interactive processes) that help business entities to connect with their prospective leads or clients. These digital assistants have gained immense popularity over the years.
-
Fatigue
Unlike human beings that become tired and suffer from fatigue, these programs can work tirelessly for long hours. Regardless of whether it is AI finance, robotics in mining, manufacturing, healthcare, education, tourism, pharmaceutical, bioengineering, or any other field, AI has found wide application. The best part is AI-driven processes do not fall prey to fatigue.
-
Digital assistant for daily chores
-
Logical decision-makers
Since machines have no emotions, when it comes to decision making, artificial intelligence reigns supreme. Unlike human beings, if they had to take any decision, emotions usually play a crucial role. Such a situation might lead to taking a decision, which may not be beneficial to the organization in the long-run. However, with robots, you can do away with the fear of making a decision that might be harmful to the company.
-
Healthcare
Advancements are made in the field of medicine using artificial intelligence that can decide upon the following and assist in the same-
- Accessing huge data, organizing it, analyzing the same for research work
- Deciding upon the mode of treatment and how to address the ailment
- Long-term treatment for chronic as well as acute disorders
- Research on new medicines and drugs
- Analyzing the transmission, incidence, and cure for diseases that can make a person terminally ill
The above instances are just a few areas in medicine where deep learning or machine learning is being used.
Let us find out the risks associated with (AI) Artificial Intelligence
-
Affordability for using (AI) Artificial Intelligence
-
No match to human ethics
Artificial intelligence means you are feeding a machine as to what it must do, both in simple and complex situations. Since moral values and ethics are something that these robotics or algorithm are not able to understand, they do not understand or assess the legal aspects of many tasks. This can be detrimental to the part of the business entity.
-
Coping with a dynamic environment