In the 1950s, the term Artificial intelligence first came out, coined by the American computer and cognitive scientist named John McCarthy.
Artificial intelligence represents many things, from auto-completing our searches to allowing machines to act, comprehend, learn, and more.
If you plan to use this scientific approach, learn more about artificial intelligence pros and cons first.
- What Are the Advantages and Disadvantages of Artificial Intelligence?
- Artificial Intelligence Applications in Various Sectors
- The Future of Work Summary
- Artificial Intelligence Pros and Cons: The Conclusion
What Are the Advantages and Disadvantages of Artificial Intelligence?
Artificial intelligence refers to a computer program’s ability to think and learn. It has two categories: the weak or narrow and the strong or wide AI.
Currently, we are using weak AI in most of our systems. One example of this category is how Google maps calculate different routes and provide us the best option to reach our destination.
In contrast, strong AI offers a wider range of abilities to copy human intelligence, like driving a car and other cognitive skills.
With this information in mind, it’s vital to weigh the pros and cons of AI before integrating it into your business.
Advantages of Artificial Intelligence
Let us check some advantages of artificial intelligence that can change different sectors of society.
- 24 x 7 Availability
Humans need a work-life balance to function and stay on top of their game. Using an AI allows you to process the work non-stop without burnout.
AIs can complete a task with higher output and superb efficiency without getting bored or distracted.
- Daily Applications
We are in this digital era where we use various applications for our daily routines. Whether we are aware of it or not, these applications are using artificial intelligence programs.
- Digital Assistance
Modern organizations use digital assistants to interact like an average human, whether personal or virtual, like chatbots.
- Faster Decision Making
Using AI with other technologies, you can program it to act fast and decide right away as it does not use emotions to analyze the situation.
- Help in Repetitive Jobs
Sometimes you are required to do a repetitive task that may bore you. With an AI, you simply program it to do what is needed, and it will complete the job without complaint.
Using an AI to complete monotonous work, employees can concentrate on the creative elements of the job.
- New Inventions
You will find AI in various inventions from different sectors since it helps humans provide solutions to complex issues.
There are AI-powered smart homes that can make life easier for humans. Different sectors also benefit from new AI-powered inventions.
In the medical field, AI machines provide faster diagnostics assisting doctors with health risk assessment.
- Reduction in Human Error
As it is, humans are prone to make mistakes as opposed to well-programmed computers. Through artificial intelligence, reducing errors became possible by applying specific algorithms.
AI machines can eliminate costly human mistakes and produce higher output for the business.
- Taking Risks
Developing an AI robot to do risky things in dangerous situations for humans can be considered the biggest advantage of artificial intelligence.
It reduces risks for humans as these AI-powered machines and robots handle unsafe situations to complete a risky task.
Disadvantages of Artificial Intelligence
We cannot talk about the advantages without discussing the disadvantages of artificial intelligence. Below are some of them.
- Creating Lazy Humans
All these AI automated applications produce lazy humans as we get addicted to using them, which is not helpful for younger generations.
Machine-dependent individuals tend to rely heavily on AIs, hindering their growth.
- High Creation Cost
We live in a fast-paced world; hence, the need to constantly update your AI’s hardware and software and keep up with the latest programs.
These complex machines also need regular maintenance and repair to function properly.
You will need funds to accomplish these things.
- Lack Analytical Thinking
AIs can perform a task they are programmed to do with utmost efficiency, but they can’t think outside the box when necessary.
AI machines can’t practice abstract thinking as they only follow a set algorithm. They don’t have the sensitivity needed in certain situations.
- No Emotions
Machines are more efficient when it comes to working but cannot create a genuine human connection crucial to managing a team.
An AI machine cannot display morality or fairness like humans do when the situation calls for it.
Some of the advantages we have mentioned are tasks done by an AI. It means that there is a lesser need for human resources to complete some mundane and repetitive works.
AI usage will make a significant impact on various industries causing unemployment for plenty of people.
Artificial Intelligence Applications in Various Sectors
Artificial intelligence is advancing, resulting in a dramatic transformation in society’s economic, political, and social aspects.
It’s consist of different applications, including expert system, machine vision, and speech recognition.
Below are some applications where they use artificial intelligence.
We have noticed a lot of advancement in the autonomous vehicle sector, like cameras and long-range radars.
These different technologies collect various pieces of information and are used in diverse capacities.
You will see artificial intelligence in this sector when directing the vehicle to a charging or gas station when it’s almost out of fuel.
AI will adjust your trip’s route when traffic or hazard is detected, providing you with a new and faster way to reach your destination.
Some autonomous vehicles come with speech recognition and a natural language interface to properly communicate with foreign passengers.
Artificial intelligence is essential to preventing future damage to our world. It helps us understand our developmental needs and how to address them.
Scientists use artificial intelligence to study our ecosystem and biodiversity and how to preserve them.
All types of businesses need accuracy, process large amounts of quantitative data and real-time reports when making crucial decisions.
The use of artificial intelligence provides efficiency and effectiveness in a business setup. It also helps smoothen the process of investing by using Robo-advisors.
One excellent example is the Help Desk that pops up every time you go to a website where you can type in your question and wait for the response.
It’s tiring for teachers to grade tests and homework, especially for many students. Added to that is the time spent with interaction, class preparation, and personal development.
Teachers now benefit from an automated grading system, fill-in-the-blank testing, and multiple-choice questions checking.
Through AI’s help, teachers receive alerts about some of their students’ issues, allowing them to address the real-time concern.
We always say health is wealth. However, today’s generation seems not to care at all.
Through AI use, doctors can simplify processes and reduce cost and time by getting more accurate diagnoses.
It opens up new avenues and opportunities for the medical field by helping support research and decision-making.
Different social media platforms like Facebook, Instagram, Snapchat, and Twitter have changed the way people communicate and interact with the virtual world.
Artificial intelligence plays a significant role in your decisions and how you use these social platforms.
AI studies all your actions, including interactions, web searches, and reactions. As you visit these platforms, the system stores your data to provide you with a more personalized experience.
Competition is high when it comes to the travel and tourism sector; hence, the fluctuating fare and accommodation prices.
Using predictive analytics through artificial intelligence, some agencies can predict price patterns, allowing them to alert the customers of the best time to buy tickets.
The Future of Work Summary
The Future of Work by Darell M. West talks about what we can expect when artificial intelligence and automation come into the workforce.
He provided us with the type of challenges we will encounter when the digital industry becomes more prominent than the industrial economy.
Darrell M. West is a cultural observer and political scientist who tries to explain that we need to develop new politics, move to lifetime learning, reconfigure social contracts, and rethink job ideas.
The author offers proposals on how to better handle the economic transition from industrial to digital since automation is causing people to lose their jobs.
He states in his book that every sector in society will change due to this transformation, including public works and healthcare.
He suggests rethinking jobs that include works that will benefit society and volunteer activities. He also mentioned that lifetime education and portable benefits would help support economic change.
Not doing anything will worsen the current political situation, although making a change is not favorable.
He said that we need to be ready for the changing economy by establishing political and social reforms.
It’s a book-summary platform where you can explore a wide range of topics in 27 categories.
All books come with 10-20 minute summaries, so you get a glimpse of what’s inside.
Blinklist offers a seven-day free trial with no commitments, allowing you to end the subscription even before the seven-day period ends.
Artificial Intelligence Pros and Cons: The Conclusion
We have listed some artificial intelligence pros and cons and briefly explained each one. Change is inevitable, and we need to prepare for it.
Automation offers positive benefits to society, although we should not disregard the downside of the transformation.
As the book The Future of Work said, we can think of ways to support economic change and be prepared simultaneously.