The Benefits and Drawbacks of Artificial Intelligence

Artificial intelligence (AI) is rapidly becoming part of our everyday lives and is reshaping the world as we know it. It offers accurate clinical imaging and diagnoses, speedy suggestions on search engines, auto-focus in smartphones, and vehicle cruise control. AI technology in your business maximizes operations, gives you a competitive edge, and accelerates growth. There are opponents, however, who are concerned about automation-spurred job loss, violations of privacy, algorithmic bias resulting from bad data, and socioeconomic inequality.

The Marvels of Machines

Machine learning and deep learning can help manufacturers predict machine breakdowns, increase efficiency by reducing unnecessary downtime and repairs, and ensure the safety of the workers. Sensors and machine learning help manufacturers automate the monitoring and tracking of the condition, state, location, and use of connected assets throughout the supply chain, allowing them more time to market and increase profits. Automated logistics not only help to make better quality products and to improve productivity and production rates but also promote the efficient use of raw materials.

AI makes smarter business decisions because it can coordinate data delivery, develop data consistency, analyze trends, and provide forecasts to make the best decisions for the business. As long as AI is not programmed to imitate human emotions, it will remain unbiased in terms of supporting business proficiency. AI can respond to customer queries and grievances swiftly through the use of chatbots which combine AI with language processing technology to produce personalized messages for customers. This also helps to reduce strain on customer service staff.

Remote Medical Care

In the medical field, AI has made phenomenal strides. Remote patient monitoring technology enables doctors to perform clinical diagnoses and recommend treatments without the need for the patient to visit the doctor in person.

AI can monitor the progression of contagious diseases and predict future outcomes. The predictive capacity of AI makes it much easier and quicker to analyze data and to solve complex issues from fraud detection to weather forecasting to customer care. AI is also helpful when it comes to the management of repetitive tasks and reducing human error using robotic processing automation tools.

The Downside

Creating machines that can think like humans costs an enormous sum of money and takes up a lot of time and resources. To function optimally, AI must use the most updated hardware and software, which is also expensive. AI is incapable of being creative – it can learn with pre-fed data but is incapable of original thinking so, anything generated by a bot will lack the human touch. According to many opponents of AI, the biggest drawback is that it is slowly replacing humans and we can expect to see many people losing their jobs.

While AI has enormous potential for improving the world everywhere from at Black Lotus to hospital operating rooms, it is important that it does not get out of hand. Using machine and deep learning ethically can solve problems in diverse fields but a formal ethics framework is essential to guide us in the responsible use of AI and to clarify the impact of this technology on social and philosophical issues and last, but by no means least, we must guard against the potential and capacity for AI to evolve beyond our control.