Artificial Intelligence (AI), also known as machine intelligence, is a branch of computer science that focuses on building and managing technology that can autonomously learn to make decisions and take actions on behalf of humans.
Experts see Artificial Intelligence as a factor of productivity, with the potential to introduce new means of growth and change the way industries work. For example, this PWC article predicts that AI could potentially contribute $15.7 trillion to the global economy by 2035. China and the US are poised to benefit the most from the coming AI boom, accounting for nearly 70% of the global impact.
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Who Does Artificial Intelligence Works?
Artificial Intelligence (AI) is the simulation of human intelligence in machines that are programmed to think and act like humans. Learning, reasoning, problem solving, cognition, and language comprehension are all examples of cognitive abilities.
Artificial intelligence is a method of making a computer, computer-controlled robot, or software think as intelligently as a human brain. AI is accomplished by studying human brain patterns and analyzing cognitive processes. These studies result in intelligent software and systems.
Types of Artificial Intelligence
Artificial Intelligence can be divided based on capabilities and functions.
There are three types of artificial intelligence based on capabilities.
Under functionality, We have four types of artificial intelligence.
Strong AI vs Weak AI
Artificial Intelligence is difficult to define, which is why AI experts usually distinguish between strong AI and weak AI.
Strong AI, also known as artificial general intelligence, is a machine that can solve problems it was never trained to handle—just like a human can. This is the kind of AI we see in movies, like the robots from Westworld or Data from Star Trek: The Next Generation. This type of AI doesn’t actually exist yet.
Creating a machine with human-level intelligence that can be applied to any task is the Holy Grail for many AI researchers, but the quest for artificial general intelligence is fraught with difficulty. And some believe that strong AI research should be limited, because of the potential dangers of building powerful AI without proper rails.
Unlike weak AI, strong AI represents a machine with a complete set of cognitive abilities – and an equally wide array of use cases – but time has not diminished the difficulty of achieving such a feat. Is.
Weak AI, sometimes called narrow AI or special AI, operates within a limited context and is a simulation of human intelligence applied to a narrowly defined problem (such as driving a car, understanding human speech). Copying or curating content on a website).
Weak AI is often focused on doing a single task very well. Although these machines appear to be intelligent, they operate within constraints and limitations beyond basic human intelligence.
Examples of weak AI include:
Siri, Alexa and other smart assistants
Email spam filters
AI use cases in business
AI is currently being applied in the lab and in commercial/consumer settings, across a variety of functions, including the following technologies:
Artificial neural networks are computational models inspired by the structure and function of the human brain. They consist of interconnected nodes (neurons) that process and transmit information, enabling the network to learn patterns and relationships from the data through training.
Deep learning is an iterative approach to artificial intelligence that stacks machine learning algorithms in a hierarchy of increasing complexity and abstraction. Deep learning is the most sophisticated AI architecture in use today.
Speech recognition allows an intelligent system to convert human speech into text or code.
Natural language generation enables communication between humans and computers.
Computer vision allows a machine to scan an image and use comparative analysis to identify objects in the image.
Expert systems leverage was one of the earliest AI technologies developed in the 1970s and 1980s. These systems aim to capture the knowledge and decision-making processes of human experts in specific domains and use that knowledge to provide recommendations or make decisions. Although expert systems may not be discussed as much as recent AI technologies such as deep learning and neural networks, they still have practical applications in healthcare, finance and engineering.
Advantages and Disadvantages of Artificial Intelligence (AI)
Advantages or benefits of artificial intelligence:
1. Reduction in human Error
The biggest advantage of artificial intelligence is that it can significantly reduce errors and increase accuracy and precision. Decisions made by the AI at each step are determined by pre-collected information and a specific set of algorithms. When properly programmed, these errors can be reversed.
Example They have reduced the majority of human errors in weather forecasting using AI.
2. Zero Risks
Another major advantage of AI is that humans can overcome many threats by letting AI robots do it for us. Be it defusing bombs, going into space, exploring deep oceans, metal bodied machines are rugged in nature and can survive in hostile environments. Moreover, they can provide accurate work with greater responsibility and do not wear out easily.
Example An example of zero hazards is a fully automated production line in a manufacturing facility. Robots perform all the work, eliminating the risk of human error and injury in hazardous environments.
3. Available 24 X 7
There are many studies that show that humans are productive only for 3 to 4 hours a day. Humans also need breaks and time off to balance their work life and personal life. But AI can work endlessly without interruption. They think much faster than humans and perform multiple tasks at once with accurate results. They can even handle tedious repetitive jobs easily with the help of AI algorithms.
Example Educational institutions and helpline centers are finding many queries and problems that can be effectively tackled using AI.
4. Digital Assistance
Some of the most technologically advanced companies engage with customers using digital assistants, eliminating the need for human staff. Many websites use digital assistants to deliver content requested by the user. We can discuss our finding with them in conversation. Some chatbots are designed in a way that makes it difficult to tell whether we are talking to a human or a chatbots.
Example We all know that organizations have a customer support team that needs to clarify customer doubts and queries. Using AI, organizations can set up a voice bot or chatbot that can help customers with all their queries. We can see that many organizations have already started using them on their websites and mobile applications.
5. Faster Decisions
Using AI, along with other technologies, we can make machines make decisions faster than humans and perform actions faster. A human will analyze many factors emotionally and practically while taking a decision, but an AI-powered machine works on what it is programmed to do and delivers results faster.
Example We have all played chess games in Windows. Due to the AI behind this game it is almost impossible to beat the CPU in hard mode. It will take the best possible step in the shortest possible time according to the algorithm used behind it.
6. Daily Applications
Today, our daily life is completely dependent on mobile devices and internet. We use a number of apps, including Google Maps, Alexa, Siri, Cortana on Windows, OK Google, taking selfies, making calls, answering emails, etc. Using various AI-based techniques, we can even predict today’s weather. And the days to come.
Example About 21 years ago, you must have asked someone who was there for directions when planning your trip. Now you have to ask Google where Bangalore is. The best route between you and Bangalore, along with the location of Bangalore, will be displayed on Google Maps.
Disadvantages of artificial intelligence:
1. High cost of creation:
As AI is being updated every day, hardware and software need to be updated with time to meet the latest requirements. Repairs and maintenance of machines require considerable expenditure. Its creation requires huge cost as these are very complex machines.
2. No Creativity
A major disadvantage of AI is that it cannot learn to think outside the box. AI is able to learn over time with pre-fed data and past experiences, but cannot be creative in its approach. A great example is the bot coil that can write Forbes earnings reports. These reports only contain data and facts that are already provided to the bot. While it’s impressive that a bot can write an article by itself, it lacks the human touch found in other Forbes articles.
One application of artificial intelligence is the robot, which is displacing occupations and increasing unemployment (in some cases). Therefore, some claim that chatbots and robots will always result in unemployment as a result of replacing humans.
For example In some more technologically advanced countries like Japan, robots are frequently used to replace human resources in manufacturing businesses. This is not always the case, as it creates additional opportunities for humans to work while replacing humans to increase efficiency.
4. Making Human Lazy
AI applications automate most of the tedious and repetitive tasks. Because we don’t have to memorize things or solve puzzles to do things, we use our brains less. This addiction to AI could create problems for generations to come.
5. No Ethics
Morality and ethics are important human characteristics that can be difficult to incorporate into AI. The rapid development of AI has given rise to many fears that one day, AI will become uncontrollable, and eventually wipe out humanity. This moment is called the AI singularity.
From early childhood, we are taught that neither computers nor other machines have feelings. Humans work as a team, and team management is essential to achieving goals. However, it cannot be denied that robots are superior to humans when it comes to working effectively, but it is also true that human connections, which form the basis of teams, cannot be replaced by computers.
These are some of the advantages and disadvantages of Artificial Intelligence. Every new invention or development will have both, but we as humans should take care of it and use the positive aspects of the invention to create a better world. Artificial intelligence has huge potential benefits. The key for humans will be to ensure that the “Rise of the Robots” doesn’t get out of hand. Some even say that artificial intelligence, if left in the wrong hands, can destroy human civilization. But still, none of the AI applications built on this scale could destroy or enslave humanity.