Artificial Intelligence – The Pros and Cons
While the recent furore over Deep Learning has highlighted the need for AI/ML experts, what exactly does that term mean? What are its potential uses in business? In this article we will look at the meaning of both terms and explore some applications.
What is Artificial Intelligence? It is a branch of science that studies how artificial intelligence produces reliable outcomes. So far as the field is concerned, it considers three different approaches to intelligence. The first group includes machine learning, reinforcement and intelligence engineering. These last two approaches are different from each other in that they are more directed towards software, whereas the first one refers to the research in all three areas.
So, what can artificial intelligence do for your business? Experts believe that it can help in a number of ways. They suggest using it for services such as customer relationship management, sales forecasting, product research and designing new products or services. There have been a number of advances made in these three areas, but researchers believe that more improvements are yet to come.
On one hand, artificial intelligence can be used to improve and extend human intelligence. Today’s computers and digital systems have increased in intelligence over the years. This is because of the tremendous progress made in the field of programming languages and the increasing use of technology for the purpose. Today, machines are capable of storing data and manipulating it as well. Similarly, humans can easily use search engines, databases, and social networks to get information.
As far as business is concerned, artificial intelligence can play a very important role. For instance, Google’s chat bot Alpha has proved to be very useful for businesses. Alpha serves as a virtual assistant by answering questions related to a company’s product or service, as well as performing other tasks. Because it is largely based on natural language processing technologies, Alpha has the ability to understand not only one type of conversation, but any type, provided it is properly constructed by the user.
In the area of finance, artificial intelligence has been used to create highly advanced forecasting and trading systems. The system uses complex mathematical algorithms and models to generate reliable future results. By enabling financial decisions based on mathematical formulas, it helps reduce the risk of making poor ones. By creating a better framework for decision-making, it also increases the chances of a profitable investment.
In education, we are seeing the application of artificial intelligence to improve the quality and extent of teaching. AI programs are now being used in training e-learning solutions and in the classroom. They have the ability to capture and retain students’ attention, as they can closely follow each and every motion of the students. This way, the entire course is made interesting and engaging to both the student and his instructor.
Another important application of artificial intelligence is in business. In areas such as manufacturing, it is increasingly being used to help with problems that in other times would be best handled by the experts. It can detect flaws in products before they reach consumers or be programmed to perform without error. There are many uses for artificial intelligence in business and human beings are only just starting to figure out what the future holds for these technologies.
Artificial intelligence is also an increasingly popular topic in science fiction. Movies such as Star Trek and Star Wars have greatly inspired the human race to use technology that is superior to that which existed not only in the movies but in space as well. In a futuristic society, artificial intelligence would become almost ubiquitous. Think about the possibilities.
Even with the recent development of artificially intelligent computers, artificial intelligence is not something that is available in all types of devices. The internet has made communication fast and efficient, but it is not a foolproof system. Still, with the correct software, computers can communicate with each other effortlessly. Of course, humans will have to participate as well. We will be the ones using the tools to develop the artificial systems, and we mustn’t wait for the machines to do it. By participating, we can better understand how to operate such systems, and that is the only way we will be able to fully utilize them.
Machines are excellent at many things, but one thing that they certainly are not good at is duplicating themselves. Nature is full of examples of things that are seemingly perfect, but nature has a way of wrecking them. Species that builds a tree to be its own food source may very soon find itself stripped bare because of the natural laws of its environment. Why would we want to commit ourselves to a process of building a completely self-sufficient android? Especially, when that android could just as easily have been made by someone else?