Hani Zeini SIRI, self-driving cars, Google’s search algorithms. And autonomous weapons are all examples of artificial intelligence (AI) in the 21st century. Unlike what science fiction shows, this cognitive task is not just about robots with human characteristics. Nevertheless, defined as narrow or weak AI for its current role in facial recognition. And online searches, this technology still has a long way to go. Researchers want to build general AI that can perform better than humans in cognitive tasks.
Hani Zeini It will not be wrong to add that the advent of AI has forced businesses. To reconsider their traditional marketing approach and become service-centric to be relevant to their users. The technology has penetrated all aspects of human life. Because of its importance in terms of data analysis, information integration, and decision-making. Even in its early stages, AI is transforming everything, right from economy, governance, and society. To understand its place in the modern world, let’s explore the good and bad side of this technology.
The benefits of Artificial Intelligence in today’s world
First of all, it can bring agility through orchestration of service integration, development, infrastructure, service catalog, and so on. Since it is an automatic process, it can help with predictive analytics. When you use it, self-service and prompt support will become more efficient, leading to waste reduction and flexibility. The functions of the enterprise business will be simplified. And the workforce would get free time and space to focus on more crucial tasks. In essence, automation of repetitive tasks can see the lowering of waste, optimum utilization of the workforce, and increased efficiency.
However, agility, technology development, procurement, and other aspects of AI are not only meant for businesses – startups and enterprises. From a national defense system to healthcare, criminal justice, and smart cities, everywhere this cognitive computing has a presence.
PricewaterhouseCoopers believes that AI technologies can push global GDP by $15.7 trillion by 2030.
The potential risks of artificial intelligence for the world
Data protection and security are most vulnerable, due to which Europe has taken a strong stand against it by asking organizations to build AIs away from the EU. Military, finance, education, industry, and media are under the heavy influence of artificial intelligence everywhere. So, without proper regulation and surveillance, situations can go out of control.
Experts also suggest that AI is a progressive technology that surpasses its knowledge, smartness, capability, and speed, each day, as against human biology. Since it is a progressive technology, AI machines tend to be energy-intensive, unlike the brain, light bulb, and so on. Hence, it is another global challenge. There is also a fear that it can cause job losses across the length and breadth in the organizations.
However, the most significant danger associated with this computing technology is the supremacy of a handful of people on 90% of the global population. Going by this, it will be no surprise if you see 100 people lording over the world economy, information, and military in the next thirty years.
Anyway, it is essential to understand that checks and balances can play a massive role in containing the risk factors if implemented with foresight. To understand more about its implication and the significance of AI in the finance and other sectors, you can listen to entrepreneurs like Hani Zeini.