Artificial intelligence (AI) refers to the power of machines to interpret data and act intelligently, meaning they will make decisions and perform tasks supported the info at hand – rather sort of a human does.
Chances are you’ve read tons about AI in recent years – particularly how it’s getting to save the planet and/or end civilization as we all know it. It’s certainly true that AI attracts tons of hype and, we could say, colorful predictions. But, unlike some technology trends, much of the hype surrounding AI is entirely justified. It truly may be a transformative technology – one which will dramatically alter our lives in very real ways.
1. AI is everywhere
Ever asked Alexa for the morning weather report, or skilled a public space that uses face recognition technology, or purchased something using your MasterCard, or bought a product recommended to you by Amazon or browsed potential love matches on a dating app? in fact, you have. Most folks have done one or all of those things, probably within the last week. Probably within the last 24 hours.
And, you guessed it, all of those everyday processes are underpinned by AI and data. AI allows your Mastercard company to work out – within the blink of an eye fixed – that your latest transaction fits your spending pattern and isn’t fraudulent. Mastercard, for instance, uses AI algorithms to assess the 75 billion transactions a year processed on its network. So, to place it bluntly, AI is already deeply embedded in your lifestyle, and it’s not going anywhere.
2. AI isn’t just infiltrating lifestyle , it’s getting to transform entire industries
The impact of AI is already being felt during a wide selection of industries, from banking and retail to farming and manufacturing. In healthcare, AI is getting used to spot (and, in some cases, even predict) disease, helping healthcare providers and their patients make better treatment and lifestyle decisions.
AI systems can even outperform human experts when it involves identifying disease; in January 2020, clinical trials of AI software developed by Google Health confirmed that the software was better at spotting signs of carcinoma in mammograms than radiologists. The system also flagged fewer “false positive” results than the experts.
3. AI will make us more human, not less
As machines become more intelligent, they will perform more and more tasks – resulting in rising automation across most industries. With this rise in automation comes valid concerns about the impact on human jobs. But, while there’s little question that automation will cause the displacement of the many jobs, i think it’ll also create new jobs – jobs that value our uniquely human capabilities like creativity and empathy.
AI also will make our working lives better. Journalism is one industry that’s undergoing an AI revolution, and there are many AI tools that help journalists identify and write stories. At Forbes, for instance, an AI-driven content management system called Bertie is employed to spot real-time trending topics, suggest improvements to headlines, and identify relevant images. This reduces the number of behind-the-scenes legwork for human journalists, leaving them to specialize in telling the story.
4. AI is becoming cheaper for the masses
It wont to be that to figure with AI you’d need expensive technology and an enormous team of in-house data scientists. That’s not the case. Like many technology solutions, AI is now readily available on an as-a-service basis – with a rapidly growing range of off-the-peg service solutions aimed toward businesses of all sizes.
As an example, in 2019, Amazon launched “Personalize,” an AI-based service that helps businesses provide tailored customer recommendations and search results. Incredibly, Amazon says no AI experience is required to coach and deploy the technology.
5. AI fuels other technology trends
Finally, as if we would have liked any longer evidence that AI really goes to vary the planet, let’s end with this easy fact: AI is that the foundation on which many other technology trends are built.
Essentially, this suggests that, without AI, we wouldn’t have achieved the amazing recent advances seen in areas like a computer games, chatbots, face recognition, autonomous vehicles, and robotics (and that’s just to call a few). consider almost any recent transformative technology or scientific breakthrough, and, somewhere along the way, AI has played a task . for instance , because of AI, researchers can now read and sequence genes quickly, and this data are often wont to determine which drug therapies are going to be simpler for individual patients.