bogard 2) The Power of AI Technology

 The Power of AI Technology

Is artificial intelligence (AI) part of the future? Statista shows that in 2021 alone, $93.5 Billion was invested into artificial intelligence globally. Billions in cash and rapid technological breakthroughs give us a future where AI seems plausible. Superintelligence may or may not happen, depending on which expert you ask. But today, we're using some form of artificial intelligence to power our daily tasks. 

Smartphones have AI that helps with routines, search, and taking photos. Vehicles also come equipped with a form of AI that assists with parking, collisions, pedestrians, and even cruise control. Despite the fears about artificial intelligence taking over humankind or simply not happening, there is one takeaway from all this: the technology has many benefits and near-endless applications.

What is Artificial Intelligence?

From Cortana to autonomous vehicles, the rapid progress of AI development is showing no signs of slowing down. Artificial intelligence can encompass nearly anything from search engine algorithms to robotics. 

What Are the Benefits of Artificial Intelligence?

Artificial intelligence is capable of working 24/7 with no downtime. This alone is a significant improvement over humans, who need time to rest, eat, and sleep. Artificial Intelligence can cover for humans when they need time off. AI can also be deployed globally and through vast markets, making it possible to employ smart solutions everywhere. 

The technology has countless benefits, but what exactly are the positive effects of artificial intelligence?

1: Artificial Intelligence Helps Solve Complex Problems

All the focus businesses have been putting on the development of AI along with all the investments thrust into the technology has helped bring significant advancements. Now, machine and deep learning models help AI solve some complex problems. 

For example, some business sectors now use artificial intelligence to do things like detect fraud or create personalized interactions with customers. In many cases, customers can have their issues resolved without them ever having to speak with a human!

2: AI Can Help Improve Education Worldwide

Everyone learns in their preferred method and at their own pace. The current educational systems and methods in place work, but not for everyone. Current education is currently incapable of meeting everyone’s specific needs so students can learn in the exact best way for them. AI benefits education in this regard.

Artificial intelligence can help determine a student’s learning style. It can also help to prepare personalized curricula or lesson plans that work.

3: Artificial Intelligence Brings About Automation

One of the biggest advantages of AI is automation. According to IBM, automation is the application of programs, technology, or robotics that achieves outcomes with minimal human input. Automation has had major impacts on industries like transportation and communications. It also helps improve the service and computer product industries.

Automation takes away many of the repetitive and tedious tasks that can often cause human error or result in injury. It can lead to increased productivity and higher production rates thanks to increased efficiency. With automation, work is performed faster and more safely while using raw materials more efficiently.

4: AI Can Help Humans Make Smarter and Faster Decisions

Human emotion and thought have the tendency to affect decision-making in many ways. Artificial intelligence, on the other hand, runs on pure logic and data — no emotions involved whatsoever. The result is another one of the advantages of artificial intelligence: AI can help humans make smarter decisions, faster.

Artificial intelligence can help coordinate data delivery and develop consistency. It is also capable of analyzing the data, noticing trends, providing forecasts, and quantifying risks and uncertainties. Best of all, artificial intelligence is generally unbiased (if it is created that way). An AI’s end report can help the company executives and leaders make the best decisions for their organization.

5: Artificial Intelligence Can Minimize Errors

Human error is, and always will be, something that will happen at some point or another — no matter how careful anyone may be. However, with the help of artificial intelligence, human error can be minimized and in some cases, eliminated. 

6: AI Helps With Research and Data Analysis

One of the major benefits of AI is how helpful it can be for research and data analysis. Any industry can use artificial intelligence to help with data analysis, but it comes as no surprise that the field that benefits most is that of science. The use of artificial intelligence in a research setting can help scientists spot trends and results in data that could’ve otherwise been impossible to notice. AI helps not just to extract and analyze data, but also to detect any patterns and predict what may happen.

7: Artificial Intelligence Can Help Enhance Customers’ Experience

Have you ever needed to get in touch with a company only to be met with a chatbot ready to address your every concern? It can be frustrating, especially if the company is using a primitive or “cheap” version of AI that essentially functions as an autoresponder. 

However, there is no doubt that artificial intelligence is getting smarter and better — some chatbots can help solve customer concerns quickly. In situations like these, a customer’s concerns are addressed quickly, keeping them happy. On the other hand, a business can require fewer customer service representatives, since the AI will only escalate tickets that require human intervention.

8: AI Can Help Advance the Field of Medicine

We’ve already discussed how AI can help in research and data analysis and how it has resulted in advances in the medical field. Indeed, one of the best artificial intelligence benefits to society is how AI can help make advances in the medical and healthcare sector. 

Examples of these advances are patient monitoring technology that allows for remote care and diagnosis without a patient having to visit the hospital. This technology is still being explored, but wearables such as the Fitbit and the Apple Watch are going in that direction. Fitbit, which was acquired by Google in 2021, is starting to explore features like health metrics and trends, informing users of their baseline so they can notice anomalies.

9: Artificial Intelligence Has a Place in the Criminal Justice System

Today, profilers, behavioral psychologists, and forensic psychologists provide insight into criminal behaviors and motivations. However, artificial intelligence has also started finding its place in the criminal justice system. When created in an unbiased manner, artificial intelligence can process and analyze data and detect patterns that humans may otherwise miss. AI’s predictive nature has led to many areas of law enforcement and criminal justice adopting its use, such as in the case of algorithmic risk assessments.

10: AI Can Help Preserve the Environment

Another one of the pros of artificial intelligence is that it can help in environmental preservation and conservation. Combined with the field of robotics, artificial intelligence has the potential to help improve recycling systems worldwide — particularly by sorting recyclables better. 

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