Technology

Benefits & Risks of Artificial Intelligence Technology Solutions

Artificial Intelligence technology solutions have always wanted to create machines that can make a decision on their own without any human intervention. While these innovative machines have been a fascinating part of science fiction movies for a long time, a completely sentient machine is still our far-fetched dream. Humans have progressed a lot in the field.

There are programs and machines carrying out complex to simple tasks by themselves and also very efficiently. For instance, there are self-driven cars that can drive you from home to work or vice versa, taking into account the surrounding environmental factors, traffic conditions, etc. There are also different digital assistants like Apple Siri and Amazon Alexa that are making our lives easier with a help of artificial intelligence technology solutions.

All these innovations involve Artificial Intelligence. But since the inception of the idea of AI, there has been a constant debate. There are divided opinions on whether technology is contributing to the development of human civilization or humans are leading themselves to devastation by creating intelligent machines. So, here we are discussing the major benefits and risks of AI in the future.

Benefits of Artificial Intelligence (AI):

Artificial Intelligence technology solutions mimic the cognitive abilities of human beings using their machine learning algorithms and can solve problems ranging from simple to complex. Apart from that, AI offers the following benefits.

  • Higher Accuracy:

AI engineers are working on making machines capable of performing critical tasks and solving complex equations on their own. By this, the outcomes will be more accurate as compared to human counterparts. The higher accuracy has made these machines a crucial element, particularly in the medical field, because of the criticality of the tasks.

Robots today are diagnosing serious conditions in the human body much more precisely, quickly, and efficiently. They are also performing delicate surgeries to minimize the risk of human lives.

  • Enhance Work Efficiency:

Artificial Intelligence-powered machines are great at performing repetitive and mundane tasks with amazing efficiency. They achieve accurate results every time they perform a specific task and remove human errors.

Moreover, these machines can work 24/7 without getting tired like humans. Thus, reducing the number of employees that you would otherwise need separately for day and night shifts. For instance, AI-powered chatbots answer customer queries around the clock and offer support every minute of the day, boosting the sales of a company.

  • Improve Processes:

The amazing benefit of Artificial Intelligence is that it lets us gather and process a large amount of data related to our work. You can process this data to gather some deep insights into the processes with quantitative analysis. These insights help to optimize the processes even further.  

  • Cost Reduction:

Artificial Intelligence technology solutions uses machine learning algorithms like neural networks and Deep Learning to gain new abilities as humans do. By this, they remove the requirement to write a new code every time we need these machines to learn new things.

There is significant research going on to create AI machines that can learn much faster about new processes by optimizing their machine learning abilities. The cost of training robots is much less than that of humans. Machines also reduce the cost of operation by offering higher accuracy and efficiency while performing tasks. They don’t take breaks and avail themselves of every second. Sometimes they do the same mundane tasks without any changes in results or downtime.

Risks of Artificial Intelligence (AI):

Although being the greatest invention, Artificial Intelligence technology solutions are feared by a lot of people, including some scientists. This fear has been depicted on the silver screen a number of times in the form of movies in which AI-powered machines took over the planet. Some of the risks associated with this tech are as follows:

  • Reduce Job Opportunities:

Machines do perform much better than humans when it comes to repetitive and routine tasks. Many enterprises prefer machines over humans to enhance their profitability. But at the same time, it reduces the number of jobs that would otherwise be available for the human workforce.

  • Artificial Intelligence is Unsustainable:

Smart machines come with high computing, powered along with an array of different processers. Their system chips are made of some rare materials like Selenium as a significant constituent. Moreover, some run on batteries that are made of Lithium, which too is a rare element. With the enhancing number of Artificial Intelligence technology solutions machines, there is increased mining of these rare materials that irreversibly damage our environment at a great pace. They also need huge amounts of power to function, enhancing pressure on power plants and again harming the environment.

  • A Threat to Humanity:

Many scientists who themselves are working on Artificial Intelligence technology solutions believe it is the greatest threat to human civilization in the future. One of the biggest risks associated with AI is that the machine might gain sentience and can turn against humans. It means that the future shown in sci-fiction movies such as Terminator isn’t impossible.

Conclusion:

There are benefits and risks associated with AI. The rise in Artificial Intelligence powered machines has made our lives convenient. However, there is a need to create some ethical codes and policies to ensure that the risks associated with it are mitigated to the minimum.

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Adam is a Tech savvy software engineer and Certified digital Marketer. Who love to write about latest technologies and trends in tech world surrounding artificial intelligence, software development, digital products, app development, cryptocurrency and much more.

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