Artificial Intelligence technology (AI) refers to systems or machines that mimic human intelligence to perform tasks and can improve themselves based on the information they collect. AI is one of the most debatable and conversational technologies that is fast growing and evolving today. An AI implementation would mean targeting a higher level of automation, ultimately providing cost effectiveness, thereby reducing human burden. However this automation will indeed be responsible for laying off a certain percentage of employee related activities which require repetitive jobs. However, not all tasks can be replaced by machines or AI-driven robots as there are many tasks that still require human interactions and human sentiments. Those that can’t be performed by AI’s at this level.
Most importantly, the power of artificial intelligence development is augmenting human factors.
AI Is being adopted by all businesses, not just in the world of tech. 90% of most businesses already have ongoing investments in AI technologies. More than half of businesses that have implemented some manner of AI-driven technology report experiencing greater productivity.
Let’s take a look at some of the sectors that are getting highly dependent on AI:
Medical
The medical world has already explored the power of AI. It is full of data, and this data is widely used to build predictive models. Today we even see robots in surgery as well as in diagnosis. Some AI have shown to be more effective than physicians in certain diagnostic context. In the coming years, we will witness the huge acceptance of AI in hospitals.
Cybersecurity
Cybersecurity is crucial, considering the amount and importance of data being processed as well as stored online. As much as the technology is progressing, hackers are also becoming more active & unorthodox. As per a study, the number of hacks are going to increase over the years. With the help of an AI, algorithms can be developed helping user learn different ways to decipher patterns of behaviour. This algorithm can help detect suspicious behaviour and prevent hacking.
Automotive
AI is impacting the world of automobiles and transportation with the help of autonomous vehicles and autonomous navigation. Autonomous vehicles have already been rolled out delivering packages, food and groceries.
Information Technology
The IT industry has constantly been evolving and embracing AI. This trend is expected to grow even more. It is expected that AI will help automate different functions in the industry, even more than it already has. With the help of AI, IT companies are reducing the downtime of their functions significantly.
Marketing Technology
Today organisations are collecting and translating the data collected from customers and clients and use these deductions to help in marketing. Thanks to AI, this process is being automated. Popular social media platforms are using AI to promote and build algorithms to study user behaviour and practices online.
Recruitment
AI has already taken a big leap in the hiring process by automating and tracking applicants before they even reach a human being. Previously, recruiters put manual effort into shortlisting candidates by reviewing resumes. However, resume scanning can now be done by an automated system making the jobs easier. 67% of hiring managers and recruiters surveyed by LinkedIn said AI was saving them time.
The idea that – “Anything you can do, AI can do better,” is a bit eerie and concerning. However, 21st century artificial intelligence has cutting-edge capabilities that are rapidly changing the way we live and is here to stay. Many experts are looking at ways AI can enhance how we work, rather than put jobs at risk. “if your job is not routine cognitive, then machine learning becomes a digital adviser.”
Enhance, not replace. So, if artificial intelligence is indeed collaborative in nature, it can be used as a tool to supplement work and in some cases even improve it.
