In an era where technology is an inseparable part of our lives, you might have definitely heard of Artificial Intelligence (AI). But what does Artificial Intelligence exactly mean? The word Artificial Intelligence explains itself. Artificial means something that is not natural, and intelligence means the ability to gain and apply knowledge.
But what do these words mean when put together? Artificial Intelligence is a branch of Computer science. The moto of this field is to develop machines that can behave and function like humans using their own intelligence.
So, in this article, we are going to discuss in detail Artificial Intelligence and the pros and cons related to it.
Instances and benefits of Artificial Intelligence
The goal of AI is to develop machines with intelligence like humans, although we are already using a weaker version of AI. If you are an Apple user then you, surely know about Siri. Siri listens to your instructions and responds accordingly. You might also know about the face recognition feature of the iPhone. All these are human qualities that a machine imitates.
Not only Siri and Facial recognition system, but there are many other examples of AI that we are using to make our lives simpler. Other examples of AI are the friend’s recommendation you get on Facebook or Alexa doing all small tasks for you. This is how AI is helping us in our day-to-day lives. But its potential does not limit till there. AI is also useful in the following fields.
Artificial Intelligence in Finance
Artificial Intelligence helps take trading-related decisions more efficiently. This is because AI can analyze a huge amount of data faster. The predictions made by algorithms are more accurate as they are capable of analyzing a great amount of old data. Artificial Intelligence also provides personalized investment recommendations by analyzing investors long term and short term goals. AI has also helped reduce the fraud threat to a great extent.
Artificial Intelligence made fraud detection tools can quickly detect any changes in the client’s behavior, track client’s locations, and keep a record of their purchasing preferences. These are only 2 examples but there are many other sectors of finances like automation, personalized banking, risk management, etc where AI is helpful.
Artificial Intelligence in Agriculture
AI is highly useful in the field of agriculture as well. It is used for collecting fruits. Harvest CROO a technology company situated in the US, Florida uses robots to collect strawberries. In one day, the robot collects several fruits equal to how much 30 labors can collect in a day. The robot scans the fruits with the help of a camera system to check whether the fruits are ready to pick.
AI is also helping in weed eradication. AI and computer vision system help in building agricultural machines that differentiate between weed and crops. The machine sprays herbicides only where there is a need. This reduces the the use of chemicals up to 95%.AI is also beneficial in other sectors of agriculture like crop analyzing and identifying soil defects. There are also some other fields like cyber security and medicine where AI has shown it’s significance.
Drawbacks of Artificial Intelligence
As every story has two sides, Artificial intelligence also has both its benefits as well it’s drawbacks. Till now we have seen its benefits now let us see its drawbacks.
An expensive venture
Artificial Intelligence is helpful, but creating these AI machines and their implementation is very expensive. This is the reason that making these machines involve a complex process. Also, it is important to update their hardware and software which needs a lot of expenditure.
Replacement of Humans at work
With time, new inventions and development are taking place in the field of Artificial Intelligence. As a result of which the machines are getting better. Obviously, no one knows whether it will be able to compete with the human brain or not. But, machines can be reliable in case of some basic and repetitive jobs.
Also, nowadays we can see organizations using automation for doing small and repetitive tasks that are ultimately replacing humans. That is why we can not deny the fact that AI is affecting employment at least to some extent.
Dangerous Autonomous weapons
Undoubtedly, we use machines to kill people during the war. But, humans take the final call. The same is not the case with autonomous weapons. Autonomous weapons do not need humans to instruct them. They search and destroy their target independently with the help of their program. If these weapons will be created on a large scale then these might fall in the wrong hands.
This might lead to many mass assassinations and cause lethal destructions. Also, there might increase the chances of world war 3 because as there might begin a competition among the nations to create the most powerful AI weapons. considering all these reasons many experts called out for a ban on autonomous weapons but the top 10 nations in the development of Autonomous weapons stood against it.
What the experts have to say about Autonomous weapons
“The development of full Artificial Intelligence could spell the end of the human race. It would take off on its own, and re-design itself at an ever-increasing rate. Humans, who are limited by slow biological, couldn’t compete and would be suppressed.”
“Artificial Intelligence doesn’t have to be evil to destroy humanity- if AI has a goal and humanity just happens to come in the way, it will destroy humanity as a matter of course without even thinking about it, no hard feelings.”
Artificial intelligence is already a part of our lives and we are using it for making our lives simpler. But on the other hand, it also has some serious drawbacks which could cause loss to humanity like autonomous weapons and the unemployment risks.
So, in the end, it is important to decide where and how to use it. Every invention comes with its own sets of benefits and problems and it depends upon us in which way to use it. For the better only or destruction as well?