Hearing about artificial intelligence (AI) a lot every day? Intrigued to know all about it? Read the blog to understand what AI is, how it works, and how it is going to change the world more than anything.
From smartphones to chatbots, artificial intelligence is at present ubiquitous in our lives. You just might not be aware of it yet or have been ignoring it. It is the simulation of natural intelligence in machines that are programmed to learn and predict what we want. These machines are able to learn by understanding the movement of the humans, and eventually perform human-like tasks. As AI is continuing to grow, it will have a great impact on our quality of life.
How AI works?
Creating an AI system is a procedure of reverse-engineering the human characters and competencies of a machine, and using the computational powers to outshine what we are actually capable of. To understand how artificial intelligence works, let’s dive deep into its different sub-domains:
Machine Learning: Machine Learning (ML) is the process of teaching a machine how to make inferences and decisions based onpast experience. In this, the machine identifies different patterns, and examinesprevious data to deduce a possible assumption without the involvement of human experience. This automation reaches conclusion by evaluating data, which helps in saving time and making better decisions.
Neural Networks: Neural Networks work on similar ideologies as human neural cells. These networks are basically a series of algorithms that capture the relationship between different underlying variables. It also helps in processing the data as the human brain does.
Natural Language Processing: Natural Language Processing (NLP) is the technique of reading, understanding, and interpreting a language with the help of a machine. Once a machine comprehends what the user intends to communicate, it answers accordingly.
Computer Vision: Computer vision algorithms try to understand an image by breaking down it and understanding different parts of the substances. This helps the machine to categorize and learn from a set of images to make a better output decision, based on previous observations.
Cognitive Computing: Cognitive computing procedures try to replicate a human brain by scrutinizing text/ speech/ images/ objects in a way that a human does, and try to deliver the desired output.
What are the benefits of artificial intelligence?
There is no doubt that advancement in technology has made our life easier. From music recommendations to map direction, and mobile banking to chatbots, artificial intelligence is making inroads in every sphere of life. However, one should remember that there is a fine line between advancement and destruction. As it is said that there are always two sides to a coin, AI is the best example. Let us take a look at some of the important benefits of artificial intelligence for a company:
Advantages of artificial intelligence include:
The Use of AI in Everyday life
Here is a list of applications of AI that you might see or use in everyday life:
Online shopping:Artificial intelligence is used in online shopping to offer customized recommendations to users based on their previous searches and purchases.
Digital personal assistants: Every day your smartphones use AI to provide personalized services. AI assistants can answer questions and help users to organize what they do every day without any hassle.
Machine translations: The AI-based language translation software provides translations, subtitling, and languages detection that can help the users to understand other languages.
Cyber security: Artificial intelligence can help in categorizing and combating cyber-attacks which are grounded on distinguishing patterns and backtracking the attacks.
Why is artificial intelligence poised to change the future?
AI is not something new. It was founded as an academic discipline in the year 1955, which makes this concept as old as the first digital computer. But what specifically has changed and why are we talking so much about it right now? Here are the key aspects to look at.
Now is the future: AI is everywhere
There is nearly no major industry that modern artificial intelligence, specifically narrow AI, hasn’t already impacted. That is specifically accurate in the past few years as data gathering and analysis have ramped up considerably, thanks to the robust IoT (internet of things) connectivity, the propagation of connected devices, and ever-faster computer handling.
Some sectors are at the initial stage of their AI journey, others are veteran travelers. Though, both of them have a long way to get the best out of the technology. Nevertheless, the impact artificial intelligence for a company is having on our present-day lives is hard to ignore. Let’s have a look:
1. Transportation: Although it could take a decade or more to perfect them, autonomous cars will one day take us from one place to another without any human driver.
2. Manufacturing: AI-powered robots are going to work along with humans to perform a wide range of tasks such as assembling, stacking, etc.
3. Healthcare: In the presence of artificial intelligence, the diseases are going to be more quickly and accurately diagnosed. Drug discovery is speeding up and streamlined. Moreover, virtual nursing assistants are easily monitoring the patients, and with the help of big data analysis, it becomes easy to create a more personalized patient experience.
4. Education: Textbooks are digitized with the help of artificial intelligence. The virtual tutors are now assisting the human instructors, and facial analysis can help in gauging the emotions of the students to help determine who’s struggling or bored. This helps in tailoring the experience as per every student’s need.
5. Media: Journalism is harnessing artificial intelligence too and it will continue to benefit from AI. The companies are using altered techniques to make rapid sense of complex financial reports or systematize insights to produce great stories every year.
6. Customer service: Last but not the least, Google is working on an artificial intelligence assistant that can place human-like calls to make appointments at a dentist, neighboring salon, nail parlor, etc. in addition to words, the system fathoms context and nuance.
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Top used applications in artificial intelligence:
There are many companies that are taking advantage of AI already. Let’s have a look at the applications which are commonly used by the end-users.
What makes AI technology so beneficial?
AI offers different benefits that make it an excellent tool, such as:
Automation: AI can systematize monotonous processes and tasks without any fatigue.
Enhancement:Artificial intelligence can help in augmenting all the products and services efficiently by enhancing the experiences for end-users and providing better product recommendations.
Analysis and accuracy: AIanalysis is much faster and more accurate than humans. AI can use its ability to interpret data with improved decisions. Simply put, it helps companies to make better decisions, enhancing product and business processes at a much faster pace.
Career trends in Artificial intelligence
Jobs in artificial intelligence have been increasing steadily over the past few years and they will continue to grow at an accelerating rate. Many companies in India are looking forward to hiring people. On average, there has also been a good hike in salaries of those who have positively transitioned into the artificial intelligencetasks. Mumbai stands tall in the competition and Bangalore, and Chennai is following. According to research, the need for artificial intelligence jobs has increased by a capable workforce that has not been keeping pace with it. It has created millions of jobs and will continue to do so.
The impact of AI on society
How routine is your job? So, what’s narrow artificial intelligence’s impact on the workforce?
The AI guru Kai-Fu Lee mentioned theapproaching impact while also stating its side effects and limitations. The bottom 50 percent of the world in terms of revenue or learning will be severely hurt by job displacement. AI can learn to optimize itself. It can do many tasks like separating things into bins, cleaning dishes, picking groceries, and even replying to customer service calls. Moreover, in the warehouses, functions like picking and packing which are performed by humans will change in the future. Many companies have goals to reduce their workforce as robots can go the work more efficiently than humans.
7 dangerous risks of artificial intelligence
AI has been addressed as revolutionary and world-changing, but it comes with many drawbacks. As mentioned above, a coin has two sides, let’s have a look at the other side of the coin to understand better.
Elon Musk, the founder of Tesla and SpaceX, once mentioned in a conference in Texas that AI is far more dangerous than nukes. When it comes to opining about technology, artificial intelligence can be overwhelming. As much as he is getting closer to technology, he is getting scared of its power. He also mentioned that artificial intelligence is capable of vastly more than almost anyone knows and the rate of progress is exponential. Let’s read about the risks of artificial intelligence:
Automation-spurred job loss
· Violations of privacy
· Deep fakes
· Algorithmic preconception caused by bad data
· Socioeconomic inequality
· Market instability
· Weapons automatization
Though many have thought that the views of Musk are exceedingly skeptical, a year previous, the late physicist Stephen Hawking also mentioned that the impact of artificial intelligence can be really cataclysmic unless the rapid growth and development is controlled in a very strict and ethical manner. It is said that until and unless everyone acquires how to make for and dodge the potential risks, artificial intelligence could be the wickedest event till date.
The Bottom Line
Though we all are evolving with AI technology, we cannot deny that it has its own pros and cons. Understanding this technology has become important even more. Not only every company and sector wants to benefit from its power, many aspirants see it as a growing career opportunity. Getting certified in AI can provide you with an edge over the other aspirants in any industry. With the advancement of technology such as facial recognition, chat-bots, assistance on call, and more, now is the time to build a path to a successful career in this sector. However, using artificial intelligence in a positive way can help us evolve rather destruct.
We all can see that virtual assistants have already made their way into everyday life, helping us save a lot of time and effort. The self-driving cars by the tech giants have already shown us how everything is going to change in the future. Artificial intelligence can also help in reducing the risks of climate change and allow us to make a difference before it is too late. And all these advancements in technology are just the beginning. Obviously, there is much more to come and many students are making their career in this field and hoping for a better world tomorrow. 133 million new AI jobs are likely to be created by artificial intelligence by the year 2022.
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