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With all the hype around Artificial Intelligence - robots, self-driving cars, etc.
- it can be easy to assume that AI doesn’t impact our everyday lives. In reality,
most of us encounter Artificial Intelligence in some way or the other almost every
single day. From the moment you wake up to check your smartphone to watching
another Netflix recommended movie, AI has quickly made its way into our everyday
lives. According to a study by Statista, the global AI market is set to grow up to
54 percent every single year. But what exactly is AI? Will it really serve good to
mankind in the future? Well, there are tons of advantages and disadvantages of
Artificial Intelligence which we’ll discuss in this article. But before we jump
into the pros and cons of AI, let us take a quick glance over what is AI.
Weak AI - Focuses on one task and cannot perform beyond its limitations (common in
our daily lives)
Strong AI - Can understand and learn any intellectual task that a human being can
(researchers are striving to reach strong AI)
Super AI - Surpasses human intelligence and can perform any task better than a
human (still a concept)
Here's a quick video to help you understand what artificial intelligence is and
understand its advantages and disadvantages.
While artificial intelligence has many benefits, there are also drawbacks. The
benefits of AI include efficiency through task automation, data analysis for
informed decisions, assistance in medical diagnosis, and the advancement of
autonomous vehicles. The drawbacks of AI include job displacement, ethical concerns
about bias and privacy, security risks from hacking, a lack of human-like
creativity and empathy.
Example:
An example of the reduction in human error through AI is the use of robotic surgery
systems, which can perform complex procedures with precision and accuracy, reducing
the risk of human error and improving patient safety in healthcare.
2. Zero Risks
Another big benefit of AI is that humans can overcome many risks by letting AI
robots do them for us. Whether it be defusing a bomb, going to space, exploring the
deepest parts of oceans, machines with metal bodies are resistant in nature and can
survive unfriendly atmospheres. Moreover, they can provide accurate work with
greater responsibility and not wear out easily.
Example:
One example of zero risks is a fully automated production line in a manufacturing
facility. Robots perform all tasks, eliminating the risk of human error and injury
in hazardous environments.
3. 24x7 Availability
There are many studies that show humans are productive only about 3 to 4 hours in a
day. Humans also need breaks and time offs to balance their work life and personal
life. But AI can work endlessly without breaks. They think much faster than humans
and perform multiple tasks at a time with accurate results. They can even handle
tedious repetitive jobs easily with the help of AI algorithms.
Example:
An example of this is online customer support chatbots, which can provide instant
assistance to customers anytime, anywhere. Using AI and natural language
processing, chatbots can answer common questions, resolve issues, and escalate
complex problems to human agents, ensuring seamless customer service around the
clock.
Example:
We all know that businesses have a customer service crew that must address the
doubts and concerns of the patrons. Businesses can create a chatbot or voice bot
that can answer all of their clients' questions using AI.
5. New Inventions
In practically every field, AI is the driving force behind numerous innovations
that will aid humans in resolving the majority of challenging issues.
Example:
Another example of new inventions is self-driving cars, which use a combination of
cameras, sensors, and AI algorithms to navigate roads and traffic without human
intervention. Self-driving cars have the potential to improve road safety, reduce
traffic congestion, and increase accessibility for people with disabilities or
limited mobility. They are being developed by various companies, including Tesla,
Google, and Uber, and are expected to revolutionize transportation.
6. Unbiased Decisions
Human beings are driven by emotions, whether we like it or not. AI on the other
hand, is devoid of emotions and highly practical and rational in its approach. A
huge advantage of Artificial Intelligence is that it doesn't have any biased views,
which ensures more accurate decision-making.
Example:
An example of this is AI-powered recruitment systems that screen job applicants
based on skills and qualifications rather than demographics. This helps eliminate
bias in the hiring process, leading to an inclusive and more diverse workforce.
Example:
An example of this is using robots in manufacturing assembly lines, which can
handle repetitive tasks such as welding, painting, and packaging with high accuracy
and speed, reducing costs and improving efficiency.
8. Daily Applications
Today, our everyday lives are entirely dependent on mobile devices and the
internet. We utilize a variety of apps, including Google Maps, Alexa, Siri, Cortana
on Windows, OK Google, taking selfies, making calls, responding to emails, etc.
With the use of various AI-based techniques, we can also anticipate today’s weather
and the days ahead.
Example:
About 20 years ago, you must have asked someone who had already been there for
instructions when you were planning a trip. All you need to do now is ask Google
where Bangalore is. The best route between you and Bangalore will be displayed,
along with Bangalore's location, on a Google map.
9. AI in Risky Situations
One of the main benefits of artificial intelligence is this. By creating an AI
robot that can perform perilous tasks on our behalf, we can get beyond many of the
dangerous restrictions that humans face. It can be utilized effectively in any type
of natural or man-made calamity, whether it be going to Mars, defusing a bomb,
exploring the deepest regions of the oceans, or mining for coal and oil.
Example:
For instance, the explosion at the Chernobyl nuclear power facility in Ukraine. As
any person who came close to the core would have perished in a matter of minutes,
at the time, there were no AI-powered robots that could assist us in reducing the
effects of radiation by controlling the fire in its early phases.
Let us now look at what are the main disadvantages that Artificial intelligence
holds.
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Disadvantages of Artificial Intelligence
1. High Costs
The ability to create a machine that can simulate human intelligence is no small
feat. It requires plenty of time and resources and can cost a huge deal of money.
AI also needs to operate on the latest hardware and software to stay updated and
meet the latest requirements, thus making it quite costly.
2. No Creativity
A big disadvantage of AI is that it cannot learn to think outside the box. AI is
capable of learning over time with pre-fed data and past experiences, but cannot be
creative in its approach. A classic example is the bot Quill who can write Forbes
earning reports. These reports only contain data and facts already provided to the
bot. Although it is impressive that a bot can write an article on its own, it lacks
the human touch present in other Forbes articles.
3. Unemployment
One application of artificial intelligence is a robot, which is displacing
occupations and increasing unemployment (in a few cases). Therefore, some claim
that there is always a chance of unemployment as a result of chatbots and robots
replacing humans.
5. No Ethics
Ethics and morality are important human features that can be difficult to
incorporate into an AI. The rapid progress of AI has raised a number of concerns
that one day, AI will grow uncontrollably, and eventually wipe out humanity. This
moment is referred to as the AI singularity.
6. Emotionless
Since early childhood, we have been taught that neither computers nor other
machines have feelings. Humans function as a team, and team management is essential
for achieving goals. However, there is no denying that robots are superior to
humans when functioning effectively, but it is also true that human connections,
which form the basis of teams, cannot be replaced by computers.
7. No Improvement
Humans cannot develop artificial intelligence because it is a technology based on
pre-loaded facts and experience. AI is proficient at repeatedly carrying out the
same task, but if we want any adjustments or improvements, we must manually alter
the codes. AI cannot be accessed and utilized akin to human intelligence, but it
can store infinite data.
Machines can only complete tasks they have been developed or programmed for; if
they are asked to complete anything else, they frequently fail or provide useless
results, which can have significant negative effects. Thus, we are unable to make
anything conventional.
The ability to enhance diagnosis and treatment. AI algorithms can analyze large
volumes of medical data, including patient records, lab results, and medical
images, to assist healthcare professionals in making accurate and timely diagnosis.
AI can identify patterns and anomalies that may be difficult for human clinicians
to detect, leading to earlier detection of diseases and improved treatment
outcomes.
AI in Marketing
AI in Education
AI in Creativity
AI in Transportation
FAQs
1. What are the benefits of Artificial Intelligence (AI)?
Increased Efficiency: AI can automate repetitive tasks, improving efficiency and
productivity in various industries.
Data Analysis and Insights: AI algorithms can analyze large data quickly, providing
valuable insights for decision-making.
24/7 Availability: AI-powered systems can operate continuously, offering round-the-
clock services and support.
Improved Accuracy: AI can perform tasks with high precision, reducing errors and
improving overall accuracy.
Personalization: AI enables personalized experiences and recommendations based on
individual preferences and behavior.
Safety and Risk Reduction: AI can be used for tasks that are hazardous to humans,
reducing risks and ensuring safety.
2. What are the disadvantages of Artificial Intelligence (AI)?
Job Displacement: AI automation may lead to job losses in certain industries,
affecting the job market and workforce.
Ethical Concerns: AI raises ethical issues, including data privacy, algorithm bias,
and potential misuse of AI technologies.
Lack of Creativity and Empathy: AI lacks human qualities like creativity and
empathy, limiting its ability to understand emotions or produce original ideas.
Cost and Complexity: Developing and implementing AI systems can be expensive,
require specialized knowledge and resources.
Reliability and Trust: AI systems may not always be fully reliable, leading to
distrust in their decision-making capabilities.
Dependency on Technology: Over-reliance on AI can make humans dependent on
technology and reduce critical thinking skills.
3. How can businesses benefit from adopting AI?
Businesses can benefit from adopting AI in various ways, such as:
Virtual assistants like Siri and Alexa, which help with voice commands and
information retrieval.
Social media algorithms that curate personalized content for users.
Recommendation systems on streaming platforms, suggesting movies and shows based on
viewing history.
Financial institutions use fraud detection systems to identify suspicious
transactions.
AI-powered healthcare diagnostics for disease detection and treatment planning.
5. What are the advantages of AI in education?
Personalized learning: AI has the capability to analyze individual student data,
enabling the provision of personalized learning experiences that cater to each
student's needs and preferred learning styles. As a result, students can progress
at their own pace and receive the necessary assistance for their academic success.
Improved engagement and motivation: AI can create more interactive and engaging
learning experiences that can help students stay focused in their learning.
Enhanced assessment and feedback: AI can provide more accurate and timely
assessment and feedback to help students track their progress and identify areas
where they need additional support.
Increased access to education: AI can help to increase access to education by
providing more personalized and affordable learning opportunities.
Improved teacher training: AI can help to improve teacher training by providing
teachers with data and insights that can help them better understand their students
and their needs.
6. How does Artificial Intelligence reduce costs?
AI can reduce costs by automating repetitive tasks, increasing efficiency, and
minimizing errors. This leads to improved productivity and resource allocation,
ultimately resulting in cost savings.