For the last few years, we have been hearing about Artificial Intelligence and how it will change our lives. AI has already changed the world of business with the rise of chatbots and automated customer service systems that can answer questions in a fraction of time what would take a human employee to do. However, as these technologies continue to advance at breakneck speeds, many wonder if they are really safe for humans.
2016 Survey Contracted About Artificial Intelligence
According to a survey conducted by the Pew Research Center in 2016, 41% of American adults had little or no confidence that they could make a decision about important AI-related issues, such as jobs, without being taken advantage of or being displaced by the technology.
The survey also showed that 40% of adults expressed concern that AI would lead to job losses, 22% thought they could be left behind, 17% thought the rise of AI would raise prices, and just 3% were comfortable that AI would create jobs.
Other studies show that around half of Americans think that AI and robots would have a negative impact on employment.
Nowadays, Artificial Intelligence is being used for almost every industry on the planet. Here we have listed the major industries that are using AI.
1. Banking
Banks across the globe are using AI to analyze the data coming from their users' account statements to identify any unusual activity. Such activity includes unusual spending, unusual withdrawals, and other suspicious transactions that could lead to account fraud. As the data is analyzed using AI, banks can then take timely action. This saves banks money, and also makes it a better customer experience, as the customers are not getting surprised by any fraudulent transaction.
2. Healthcare
Healthcare organizations are using AI to reduce the cost of healthcare and improve the health of their clients. A lot of AI is being used in healthcare to improve the quality of the healthcare services that are being provided by the companies. AI is also used in healthcare to assist physicians in making better decisions about their patients so that they can help the patient recover quickly and live a long life.
3. Finance
There is no need to tell that AI is being used for finance. Almost all financial companies are using AI in some way or another to improve their customer experience. This is important because customer experience is one of the key factors that determine the customer's loyalty. As a result, they can ensure that they are able to have a customer all the time, as the AI will be able to predict their next move as well as respond better. The level of loyalty is directly proportional to the experience that the customer is getting from the company.
4. Sports
The use of AI in sports is going to revolutionize it as it is giving almost all the advantages to the players and team. Every play in a sports game is being analyzed by using AI, so that players and their team can strategize the next move as well as they can analyze the next move made by their opponent.
5. Government
The government is using AI to analyze its citizens. There are several ways in which the government uses AI. The government uses it to analyze crime statistics, which helps them in making better decisions on where they can allocate more resources. They also use AI in the delivery of public services by analyzing the behavior of the citizenry.
6. Gaming
Games are the perfect application of AI. A game usually depends on two or more players competing against each other for points or winning. There are many ways in which this game is played in. A game like Chess is played over long periods of time, where players need to come up with the best move. In-game such as Candy Crush and Angry Birds, there is just one player against the AI. As a result, the player needs to plan his moves and win.
What does the future hold for Artificial Intelligence?
Most experts believe that it will create more jobs than it will take away. Rather than replacing human jobs, AI will likely increase the efficiency of human workers. This can lead to more knowledge being produced with less work, and most experts agree that is a good thing.
The idea that this will lead to less jobs being created for people is often overblown. Rather than seeing AI as a way to replace people in their roles, many experts believe that people will work alongside robots. So in short AI is here to stay.
My Verdicts = End Game - Einstein
The use of AI in almost all applications is revolutionizing the way people use their machines and how they interact with them.
Some of the businesses are using it for better customer experience while some of the organizations use it to analyze and predict consumer behavior and even the future. This ensures that the businesses will be able to develop strategies to grow as well as be profitable.
@Peter-Molnar Will Artificial Intelligence Replace Jobs?
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Indeed it made some things a lot more easier to do and more convenient because of AI. Phones today even have a lot of use. For example, my phone has AI features for the camera and it's easier to use it for it detects the scenes or things that I want to capture and it adjusts the settings right away.