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Artificial Intelligence

Mathi_z

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Artificial Intelligence is one of the Emerging technologies which tries to simulate human reasoning in AI systems.

Artificial Intelligence is the ability of a computer program to learn and think. Everything can be considered Artificial intelligence if it involves a program doing something that we would normally think would rely on the intelligence of a human



Advantages:


1) Reduction in Human Error:

The phrase “human error” was born because humans make mistakes from time to time. Computers, however, do not make these mistakes if they are programmed properly. With Artificial intelligence, the decisions are taken from the previously gathered information applying a certain set of algorithms. So errors are reduced and the chance of reaching accuracy with a greater degree of precision is a possibility.

Example: In Weather Forecasting using AI they have reduced the majority of human error.

2) Takes risks instead of Humans:

This is one of the biggest advantages of Artificial intelligence. We can overcome many risky limitations of humans by developing an AI Robot which in turn can do the risky things for us. Let it be going to mars, defuse a bomb, explore the deepest parts of oceans, mining for coal and oil, it can be used effectively in any kind of natural or man-made disasters.

Example: Have you heard about the Chernobyl nuclear power plant explosion in Ukraine? At that time there were no AI-powered robots that can help us to minimize the effect of radiation by controlling the fire in early stages, as any human went close to the core was dead in a matter of minutes. They eventually poured sand and boron from helicopters from a mere distance.

AI Robots can be used in such situations where intervention can be hazardous.

3) Available 24x7:

An Average human will work for 4–6 hours a day excluding the breaks. Humans are built in such a way to get some time out for refreshing themselves and get ready for a new day of work and they even have weekly offed to stay intact with their work-life and personal life. But using AI we can make machines work 24x7 without any breaks and they don’t even get bored, unlike humans.

Example: Educational Institutes and Helpline centers are getting many queries and issues which can be handled effectively using AI.

4) Helping in Repetitive Jobs:

In our day-to-day work, we will be performing many repetitive works like sending a thanking mail, verifying certain documents for errors and many more things. Using artificial intelligence we can productively automate these mundane tasks and can even remove “boring” tasks for humans and free them up to be increasingly creative.

Example: In banks, we often see many verifications of documents to get a loan which is a repetitive task for the owner of the bank. Using AI Cognitive Automation the owner can speed up the process of verifying the documents by which both the customers and the owner will be benefited.

5) Digital Assistance:

Some of the highly advanced organizations use digital assistants to interact with users which saves the need for human resources. The digital assistants also used in many websites to provide things that users want. We can chat with them about what we are looking for. Some chatbots are designed in such a way that it’s become hard to determine that we’re chatting with a chatbot or a human being.

Example: We all know that organizations have a customer support team that needs to clarify the doubts and queries of the customers. Using AI the organizations can set up a Voice bot or Chatbot which can help customers with all their queries. We can see many organizations already started using them on their websites and mobile applications.

6) Faster Decisions:

Using AI alongside other technologies we can make machines take decisions faster than a human and carry out actions quicker. While taking a decision human will analyze many factors both emotionally and practically but AI-powered machine works on what it is programmed and delivers the results in a faster way.

Example: We all have played Chess games in Windows. It is nearly impossible to beat CPU in the hard mode because of the AI behind that game. It will take the best possible step in a very short time according to the algorithms used behind it.

7) Daily Applications:

Daily applications such as Apple’s Siri, Window’s Cortana, Google’s OK Google are frequently used in our daily routine whether it is for searching a location, taking a selfie, making a phone call, replying to a mail and many more.

Example: Around 20 years ago, when we are planning to go somewhere we used to ask a person who already went there for the directions. But now all we have to do is say “OK Google where is Visakhapatnam”. It will show you Visakhapatnam’s location on google map and the best path between you and Visakhapatnam.

8) New Inventions:

AI is powering many inventions in almost every domain which will help humans solve the majority of complex problems.

Example: Recently doctors can predict breast cancer in the woman at earlier stages using advanced AI-based technologies.


Disadvantages :



1) High Costs of Creation:

As AI is updating every day the hardware and software need to get updated with time to meet the latest requirements. Machines need repairing and maintenance which need plenty of costs. It’ s creation requires huge costs as they are very complex machines.

2) Making Humans Lazy:

AI is making humans lazy with its applications automating the majority of the work. Humans tend to get addicted to these inventions which can cause a problem to future generations.

3) Unemployment:

As AI is replacing the majority of the repetitive tasks and other works with robots,human interference is becoming less which will cause a major problem in the employment standards. Every organization is looking to replace the minimum qualified individuals with AI robots which can do similar work with more efficiency.

4) No Emotions:

There is no doubt that machines are much better when it comes to working efficiently but they cannot replace the human connection that makes the team. Machines cannot develop a bond with humans which is an essential attribute when comes to Team Management.

5) Lacking Out of Box Thinking:

Machines can perform only those tasks which they are designed or programmed to do, anything out of that they tend to crash or give irrelevant outputs which could be a major backdrop.






Tom was the First Guy Losing his Job because of Artificial intelligence
 
Artificial Intelligence is one of the Emerging technologies which tries to simulate human reasoning in AI systems.

Artificial Intelligence is the ability of a computer program to learn and think. Everything can be considered Artificial intelligence if it involves a program doing something that we would normally think would rely on the intelligence of a human



Advantages:


1) Reduction in Human Error:

The phrase “human error” was born because humans make mistakes from time to time. Computers, however, do not make these mistakes if they are programmed properly. With Artificial intelligence, the decisions are taken from the previously gathered information applying a certain set of algorithms. So errors are reduced and the chance of reaching accuracy with a greater degree of precision is a possibility.

Example: In Weather Forecasting using AI they have reduced the majority of human error.


2) Takes risks instead of Humans:

This is one of the biggest advantages of Artificial intelligence. We can overcome many risky limitations of humans by developing an AI Robot which in turn can do the risky things for us. Let it be going to mars, defuse a bomb, explore the deepest parts of oceans, mining for coal and oil, it can be used effectively in any kind of natural or man-made disasters.

Example: Have you heard about the Chernobyl nuclear power plant explosion in Ukraine? At that time there were no AI-powered robots that can help us to minimize the effect of radiation by controlling the fire in early stages, as any human went close to the core was dead in a matter of minutes. They eventually poured sand and boron from helicopters from a mere distance.

AI Robots can be used in such situations where intervention can be hazardous.


3) Available 24x7:

An Average human will work for 4–6 hours a day excluding the breaks. Humans are built in such a way to get some time out for refreshing themselves and get ready for a new day of work and they even have weekly offed to stay intact with their work-life and personal life. But using AI we can make machines work 24x7 without any breaks and they don’t even get bored, unlike humans.

Example: Educational Institutes and Helpline centers are getting many queries and issues which can be handled effectively using AI.


4) Helping in Repetitive Jobs:

In our day-to-day work, we will be performing many repetitive works like sending a thanking mail, verifying certain documents for errors and many more things. Using artificial intelligence we can productively automate these mundane tasks and can even remove “boring” tasks for humans and free them up to be increasingly creative.

Example: In banks, we often see many verifications of documents to get a loan which is a repetitive task for the owner of the bank. Using AI Cognitive Automation the owner can speed up the process of verifying the documents by which both the customers and the owner will be benefited.


5) Digital Assistance:

Some of the highly advanced organizations use digital assistants to interact with users which saves the need for human resources. The digital assistants also used in many websites to provide things that users want. We can chat with them about what we are looking for. Some chatbots are designed in such a way that it’s become hard to determine that we’re chatting with a chatbot or a human being.

Example: We all know that organizations have a customer support team that needs to clarify the doubts and queries of the customers. Using AI the organizations can set up a Voice bot or Chatbot which can help customers with all their queries. We can see many organizations already started using them on their websites and mobile applications.


6) Faster Decisions:

Using AI alongside other technologies we can make machines take decisions faster than a human and carry out actions quicker. While taking a decision human will analyze many factors both emotionally and practically but AI-powered machine works on what it is programmed and delivers the results in a faster way.

Example: We all have played Chess games in Windows. It is nearly impossible to beat CPU in the hard mode because of the AI behind that game. It will take the best possible step in a very short time according to the algorithms used behind it.


7) Daily Applications:

Daily applications such as Apple’s Siri, Window’s Cortana, Google’s OK Google are frequently used in our daily routine whether it is for searching a location, taking a selfie, making a phone call, replying to a mail and many more.

Example: Around 20 years ago, when we are planning to go somewhere we used to ask a person who already went there for the directions. But now all we have to do is say “OK Google where is Visakhapatnam”. It will show you Visakhapatnam’s location on google map and the best path between you and Visakhapatnam.


8) New Inventions:

AI is powering many inventions in almost every domain which will help humans solve the majority of complex problems.

Example: Recently doctors can predict breast cancer in the woman at earlier stages using advanced AI-based technologies.


Disadvantages :



1) High Costs of Creation:

As AI is updating every day the hardware and software need to get updated with time to meet the latest requirements. Machines need repairing and maintenance which need plenty of costs. It’ s creation requires huge costs as they are very complex machines.

2) Making Humans Lazy:

AI is making humans lazy with its applications automating the majority of the work. Humans tend to get addicted to these inventions which can cause a problem to future generations.

3) Unemployment:

As AI is replacing the majority of the repetitive tasks and other works with robots,human interference is becoming less which will cause a major problem in the employment standards. Every organization is looking to replace the minimum qualified individuals with AI robots which can do similar work with more efficiency.

4) No Emotions:

There is no doubt that machines are much better when it comes to working efficiently but they cannot replace the human connection that makes the team. Machines cannot develop a bond with humans which is an essential attribute when comes to Team Management.

5) Lacking Out of Box Thinking:

Machines can perform only those tasks which they are designed or programmed to do, anything out of that they tend to crash or give irrelevant outputs which could be a major backdrop.



View attachment 124434


Tom was the First Guy Losing his Job because of Artificial intelligence
It also makes our creativity less
 

Artificial Intelligence Terms​

AI has become a catchall term for applications that perform complex tasks that once required human input, such as communicating with customers online or playing chess. The term is often used interchangeably with its subfields, which include machine learning (ML) and deep learning.

There are differences, however. For example, machine learning is focused on building systems that learn or improve their performance based on the data they consume. It’s important to note that although all machine learning is AI, not all AI is machine learning.

To get the full value from AI, many companies are making significant investments in data science teams. Data science combines statistics, computer science, and business knowledge to extract value from various data sources.

AI and Developers​

Developers use artificial intelligence to more efficiently perform tasks that are otherwise done manually, connect with customers, identify patterns, and solve problems. To get started with AI, developers should have a background in mathematics and feel comfortable with algorithms.

When getting started with using artificial intelligence to build an application, it helps to start small. By building a relatively simple project, such as tic-tac-toe, for example, you’ll learn the basics of artificial intelligence. Learning by doing is a great way to level-up any skill, and artificial intelligence is no different. Once you’ve successfully completed one or more small-scale projects, there are no limits for where artificial intelligence can take you.


How AI Technology Can Help Organizations​

The central tenet of AI is to replicate—and then exceed—the way humans perceive and react to the world. It’s fast becoming the cornerstone of innovation. Powered by various forms of machine learning that recognize patterns in data to enable predictions, AI can add value to your business by

  • Providing a more comprehensive understanding of the abundance of data available
  • Relying on predictions to automate excessively complex or mundane tasks
 

AI in the Enterprise​

AI technology is improving enterprise performance and productivity by automating processes or tasks that once required human power. AI can also make sense of data on a scale that no human ever could. That capability can return substantial business benefits. For example, Netflix uses machine learning to provide a level of personalization that helped the company grow its customer base by more than 25 percent.
Most companies have made data science a priority and are investing in it heavily. A 2021 McKinsey survey on AI discovered that companies reporting AI adoption in at least one function had increased to 56 percent, up from 50 percent a year earlier. In addition, 27 percent of respondents reported at least 5% of earnings could be attributable to AI, up from 22 percent a year earlier.
AI has value for most every function, business, and industry. It includes general and industry-specific applications such as
  • Using transactional and demographic data to predict how much certain customers will spend over the course of their relationship with a business (or customer lifetime value)
  • Optimizing pricing based on customer behavior and preferences
  • Using image recognition to analyze X-ray images for signs of cancer

How Enterprises Use AI​

According to the Harvard Business Review, enterprises are primarily using AI to
  • Detect and deter security intrusions (44 percent)
  • Resolve users’ technology issues (41 percent)
  • Reduce production management work (34 percent)
  • Gauge internal compliance in using approved vendors (34 percent)

What's Driving AI Adoption?​

Three factors are driving the development of AI across industries.
  • Affordable, high-performance computing capability is readily available. The abundance of commodity compute power in the cloud enables easy access to affordable, high-performance computing power. Before this development, the only computing environments available for AI were non-cloud-based and cost prohibitive.
  • Large volumes of data are available for training. AI needs to be trained on lots of data to make the right predictions. Ease of data labeling and affordable storage and processing of structured and unstructured data is enabling more algorithm building and training.
  • Applied AI delivers a competitive advantage. Enterprises are increasingly recognizing the competitive advantage of applying AI insights to business objectives and are making it a businesswide priority. For example, targeted recommendations provided by AI can help businesses make better decisions faster. Many of the features and capabilities of AI can lead to lower costs, reduced risks, faster time to market, and much more.
 
Artificial Intelligence is one of the Emerging technologies which tries to simulate human reasoning in AI systems.

Artificial Intelligence is the ability of a computer program to learn and think. Everything can be considered Artificial intelligence if it involves a program doing something that we would normally think would rely on the intelligence of a human



Advantages:


1) Reduction in Human Error:

The phrase “human error” was born because humans make mistakes from time to time. Computers, however, do not make these mistakes if they are programmed properly. With Artificial intelligence, the decisions are taken from the previously gathered information applying a certain set of algorithms. So errors are reduced and the chance of reaching accuracy with a greater degree of precision is a possibility.

Example: In Weather Forecasting using AI they have reduced the majority of human error.


2) Takes risks instead of Humans:

This is one of the biggest advantages of Artificial intelligence. We can overcome many risky limitations of humans by developing an AI Robot which in turn can do the risky things for us. Let it be going to mars, defuse a bomb, explore the deepest parts of oceans, mining for coal and oil, it can be used effectively in any kind of natural or man-made disasters.

Example: Have you heard about the Chernobyl nuclear power plant explosion in Ukraine? At that time there were no AI-powered robots that can help us to minimize the effect of radiation by controlling the fire in early stages, as any human went close to the core was dead in a matter of minutes. They eventually poured sand and boron from helicopters from a mere distance.

AI Robots can be used in such situations where intervention can be hazardous.


3) Available 24x7:

An Average human will work for 4–6 hours a day excluding the breaks. Humans are built in such a way to get some time out for refreshing themselves and get ready for a new day of work and they even have weekly offed to stay intact with their work-life and personal life. But using AI we can make machines work 24x7 without any breaks and they don’t even get bored, unlike humans.

Example: Educational Institutes and Helpline centers are getting many queries and issues which can be handled effectively using AI.


4) Helping in Repetitive Jobs:

In our day-to-day work, we will be performing many repetitive works like sending a thanking mail, verifying certain documents for errors and many more things. Using artificial intelligence we can productively automate these mundane tasks and can even remove “boring” tasks for humans and free them up to be increasingly creative.

Example: In banks, we often see many verifications of documents to get a loan which is a repetitive task for the owner of the bank. Using AI Cognitive Automation the owner can speed up the process of verifying the documents by which both the customers and the owner will be benefited.


5) Digital Assistance:

Some of the highly advanced organizations use digital assistants to interact with users which saves the need for human resources. The digital assistants also used in many websites to provide things that users want. We can chat with them about what we are looking for. Some chatbots are designed in such a way that it’s become hard to determine that we’re chatting with a chatbot or a human being.

Example: We all know that organizations have a customer support team that needs to clarify the doubts and queries of the customers. Using AI the organizations can set up a Voice bot or Chatbot which can help customers with all their queries. We can see many organizations already started using them on their websites and mobile applications.


6) Faster Decisions:

Using AI alongside other technologies we can make machines take decisions faster than a human and carry out actions quicker. While taking a decision human will analyze many factors both emotionally and practically but AI-powered machine works on what it is programmed and delivers the results in a faster way.

Example: We all have played Chess games in Windows. It is nearly impossible to beat CPU in the hard mode because of the AI behind that game. It will take the best possible step in a very short time according to the algorithms used behind it.


7) Daily Applications:

Daily applications such as Apple’s Siri, Window’s Cortana, Google’s OK Google are frequently used in our daily routine whether it is for searching a location, taking a selfie, making a phone call, replying to a mail and many more.

Example: Around 20 years ago, when we are planning to go somewhere we used to ask a person who already went there for the directions. But now all we have to do is say “OK Google where is Visakhapatnam”. It will show you Visakhapatnam’s location on google map and the best path between you and Visakhapatnam.


8) New Inventions:

AI is powering many inventions in almost every domain which will help humans solve the majority of complex problems.

Example: Recently doctors can predict breast cancer in the woman at earlier stages using advanced AI-based technologies.


Disadvantages :



1) High Costs of Creation:

As AI is updating every day the hardware and software need to get updated with time to meet the latest requirements. Machines need repairing and maintenance which need plenty of costs. It’ s creation requires huge costs as they are very complex machines.

2) Making Humans Lazy:

AI is making humans lazy with its applications automating the majority of the work. Humans tend to get addicted to these inventions which can cause a problem to future generations.

3) Unemployment:

As AI is replacing the majority of the repetitive tasks and other works with robots,human interference is becoming less which will cause a major problem in the employment standards. Every organization is looking to replace the minimum qualified individuals with AI robots which can do similar work with more efficiency.

4) No Emotions:

There is no doubt that machines are much better when it comes to working efficiently but they cannot replace the human connection that makes the team. Machines cannot develop a bond with humans which is an essential attribute when comes to Team Management.

5) Lacking Out of Box Thinking:

Machines can perform only those tasks which they are designed or programmed to do, anything out of that they tend to crash or give irrelevant outputs which could be a major backdrop.



View attachment 124434


Tom was the First Guy Losing his Job because of Artificial intelligence
Ai is definitely be the future...btw great effort in writing this thread...loads of information
 
That's true, AI is nowhere near replacing people of taking their jobs, as some like to say. Yet, the development of AI has a huge potential to automate mundane tasks, leaving the complicated ones, strategic in a way, to people. So yes, AI is for sure a new step for businesses.
 
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