In the previous decade, we were promised flying cars and robot overlords. But what we got is artificial intelligence. It’s hard to say if this development will end in a catastrophe or something much more unuseful. But, to be positive, it will change our world forever.
From self-driving cars to smart glasses, the impact of AI on our daily lives will be huge.
But are we ready?
As you may have noticed, we seem to be obsessed with artificial intelligence these days. After all, it’s one of modern tech’s most significant and fastest-growing trends. But if you think AI will only be around in the next decade, think again.
According to experts, AI technology will soon become so powerful that it’ll revolutionize many areas of life, from our personal lives to work. More than half of businesses worldwide will invest between $15,000-$25,000 in AI technology.
Artificial Intelligence, What is it?
In its simplest form, artificial intelligence is a computer that mimics human thinking and problem-solving skills. An artificial intelligence program is developed using rules that define the system’s reasoning. But if it’s being designed to mimic human decision-making, it needs to understand its concepts and terms.
The program can then take action once a decision has been made. Artificial intelligence isn’t an AI program but rather an AI development platform that allows developers to create and build AI programs.
What will AI do?
AI promises that it will automate everything, but if you’re familiar with the hype cycle for the term, you know there’s plenty of room for disappointment.
In the late 1990s, some people thought that AI would be able to beat world champions at chess. The same thing happened with self-driving cars.
People were excited to see them, but many took them as a routine activity once they got there.
And, of course, the reality of AI is far less exciting than the hype surrounding it.
Expectations After a Decade
To get a glimpse of where AI will go soon, here’s what you should expect in the next decade:
- AI will become increasingly self-aware
- It will eventually exceed human capabilities
- It can develop and share knowledge with others
- Access to all of the world’s data
- Developed the capacity to make decisions for itself
Effect of AI on Businesses
Artificial Intelligence (AI) is becoming the next frontier in business. Its potential for transforming everything from customer experience to marketing, sales, and more is becoming increasingly apparent.
Yet, the rise of chatbots, voice recognition technology, and artificial intelligence (AI) in our devices is a sure sign of AI’s increasing presence in business. AI plays a crucial role in shaping the future of the industry.
According to research, AI will increase productivity by 20 percent and reduce costs by up to $2 trillion by 2030.
Effect on Health
Today, the medical industry is undergoing a massive transformation due to technological advancements. AI is used in the diagnosis and treatment of diseases. It helps doctors find the root cause of diseases and cures them.
More importantly, AI has become a necessity being used to build a new healthcare system. Patients are treated to detect early signs of cancer and then control it.
Furthermore, AI is also used to treat blood disorders and genetic abnormalities.
Fewer Jobs or More Jobs
One of the most controversial debates. Does AI create jobs or eat the excited ones?
Many people think that AI will replace jobs. In fact, they believe that AI will do away with most jobs. That is not true. AI will create new jobs. It will take on jobs that humans can’t do. These include those that require physical labor.
Likewise, it will also take on many administrative tasks. A considerable portion of the jobs taken on by AI will be in the field of customer service. AI will be able to answer most of the questions that you have about products and services. And will be able to provide customer service in real-time.
Fortunately, even if all the jobs disappear tomorrow, people can still have fun. Changing the nature of work would be the only change.
Preparation for AI Age
Are we ready to indulge AI in our culture? A big question for every growing mind!
In order To prepare for the AI age, everyone must adopt a mindset of continuous improvement and embrace a culture of experimentation. They must think about the future and prepare for AI and machine learning to play a more significant role.
With humans out of the picture, the economy would collapse, and life would get boring.
What’s the Take-Away?
I am excited about two aspects of artificial intelligence (AI). One is that I think it will be one of the most disruptive technology trends in history. Secondly, while large organizations will initially use it, its actual impact will be felt by individuals.
In conclusion, AI is on the verge of a massive revolution that will change how we live and work. We’ll see a future where we can do things like control our homes, cars, and even our assistants, all through our phones.
Lastly, there will be a future of convenience and comfort that we never thought possible. Soon, AI will become the central force of our society, and we will have to adapt to its presence.