How Artificial Intelligence will change the world

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Avatar for Abubakkar
2 years ago

Experts say the rise of artificial intelligence will make most people better off over the next decade, but many have concerns about how advances in AI will affect what it means to be human, to be productive, and to exercise free will.

In a nondescript building close to downtown Chicago, Marc Gyongyosi and the small but growing crew of IFM/one track. AI has one rule that rules them all: think simple. The words are written in the simple font on a simple sheet of paper that’s stuck to a rear upstairs wall of their industrial two-story workspace. What they’re doing here with AI, however, isn’t simple at all.

Sitting at his cluttered desk, located near an oft-used ping-pong table and prototypes of drones from his college days suspended overhead, Gyongyosi punches some keys on a laptop to pull up grainy video footage of a forklift driver operating his vehicle in a warehouse. It was captured from overhead courtesy of an Onetrack.AI “forklift vision system.”

How Artificial intelligence will change the world

Artificial intelligence is impacting the future of virtually every industry and every human being. Artificial intelligence has acted as the main driver of emerging technologies like big data, robotics, and IoT, and it will continue to act as a technological innovator for the foreseeable future.

The future is now: AI's impact is everywhere

There’s virtually no major industry modern AI — more specifically, “narrow AI,” which performs objective functions using data-trained models and often falls into the categories of deep learning or machine learning — hasn’t already affected. That’s especially true in the past few years, as data collection and analysis have ramped up considerably thanks to robust IoT connectivity, the proliferation of connected devices, and ever-speedier computer processing.

Some sectors are at the start of their AI journey, others are veteran travelers. Both have a long way to go. Regardless, the impact artificial intelligence is having on our present-day lives is hard to ignore.

Transportation

Although it could take a decade or more to perfect them, autonomous cars will one day ferry us from place to place.

Manufacturing

 AI powered robots work alongside humans to perform a limited range of tasks like assembly and stacking, and predictive analysis sensors keep equipment running smoothly.

Healthcare

 In the comparatively AI-nascent field of healthcare, diseases are more quickly and accurately diagnosed, drug discovery is sped up and streamlined, virtual nursing assistants monitor patients and big data analysis helps to create a more personalized patient experience.

Education

Textbooks are digitized with the help of AI, early-stage virtual tutors assist human instructors, and facial analysis gauges the emotions of students to help determine who’s struggling or bored and better tailor the experience to their individual needs.

Media

Journalism is harnessing AI, too, and will continue to benefit from it. Bloomberg uses Cyborg technology to help make quick sense of complex financial reports. The Associated Press employs the natural language abilities of Automated Insights to produce 3,700 earning reports stories per year — nearly four times more than in the recent past.

Customer Service 

Last but hardly least, Google is working on an AI assistant that can place human-like calls to make appointments at, say, your neighborhood hair salon. In addition to words, the system understands context and nuance.

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