With all the fuss about artificial intelligence – robots, self-driving cars, etc. – it can be easily assumed that AI does not affect our daily lives. In fact, most of us encounter artificial intelligence in one way or another almost every day. From the moment you wake up to check your smartphone to watch another Netflix-recommended movie, AI has quickly made its way into our daily lives. According to a study by Statista, the global AI market will grow to 54 percent every year. But what exactly is AI? Will it really serve the good of humanity in the future? Well, there are many advantages and disadvantages of artificial intelligence, which we will discuss in this article.
What is artificial intelligence?
Before we move on to the advantages and disadvantages of artificial intelligence, let’s understand what AI is in the first place. From a bird’s eye view, AI provides a computer program with the ability to think and learn independently. It is a simulation of human intelligence (therefore artificial) in machines to do things that we usually rely on humans. There are three main types of AI based on its capabilities – weak AI, strong AI and super AI.
- Weak AI – Focuses on one task and cannot perform beyond its limits (common in our daily lives)
- Strong AI – Can understand and learn any intellectual task one can (researchers strive to achieve strong AI)
- Super AI – Outperforms the human intellect and can perform any task better than a human (still concept)
Advantages of artificial intelligence
1. Reducing human error
One of the biggest advantages of artificial intelligence is that it can significantly reduce errors and increase accuracy and precision. The decisions taken by the AI at each step are decided by pre-collected information and a set of algorithms. When properly programmed, these errors can be reduced to zero.
2. Zero risks
Another great advantage of AI is that humans can overcome many risks by letting AI robots do it for us. Whether it’s bombing, going into space, exploring the deepest parts of the oceans, machines with metal bodies are resilient by nature and can survive in adverse atmospheres. In addition, they can ensure accurate work with greater responsibility and do not wear out easily.
3. Availability 24×7
There are many studies which show that people are productive for only about 3 to 4 hours a day. People also need breaks and vacations to balance their professional and personal lives. But AI can run indefinitely without interruption. They think much faster than humans and perform multiple tasks at once with accurate results. They can even easily handle annoying repetitive tasks using AI algorithms.
4. Digital aid
Almost all large organizations today use digital assistants to interact with their customers, which significantly reduces the need for human resources. You can talk to the chatbot and ask them exactly what you need. Some chatbots have become so intelligent these days that you can’t tell if you’re talking to a chatbot or a human being.
5. New inventions
AI has helped create new inventions in almost every field to solve complex problems. Soon invention helped doctors predict early-stage breast cancer in women using advanced AI-based technologies.
6. Impartial decisions
People are driven by emotions, whether we like it or not. AI, on the other hand, is emotionless and extremely practical and rational in its approach. A huge advantage of artificial intelligence is that it does not have biased views, which ensures more accurate decision-making.
Disadvantages of artificial intelligence
1. High costs
The ability to create a machine that can simulate human intelligence is no small feat. This requires a lot of time and resources and can cost a huge amount of money. AI also has to work with the latest hardware and software to keep up to date and meet the latest requirements, which makes it quite expensive.
2. Without creativity
A big disadvantage of AI is that you can’t learn to think outside the box. AI is able to learn over time with pre-submitted data and past experience, but cannot be creative in its approach. A classic example is the bot Quill who can write Forbes reports on profits. These reports contain only data and facts that have already been provided to the bot. While it’s impressive that a bot can write an article on its own, it lacks the human touch present in other Forbes articles.
3. Increasing unemployment
Perhaps one of the biggest drawbacks of artificial intelligence is that AI is slowly replacing a number of repetitive tasks with bots. Reducing the need for human intervention has led to the death of many job opportunities. A simple example is the chatbot, which is a great advantage for organizations, but a nightmare for employees. A McKinsey study predicts that AI will replace at least 30 percent human labor until 2030
4. Make people lazy
AI applications automate most tedious and repetitive tasks. Because we don’t have to memorize things or solve puzzles to get the job done, we tend to use our brains less and less. This addiction to AI can cause problems for future generations.
5. Without ethics
Ethics and morals are important human characteristics that can be difficult to incorporate into AI. The rapid progress of AI has raised a number of fears that one day AI will grow uncontrollably and eventually destroy humanity. This moment is called the AI singularity.
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Advantages and disadvantages of artificial intelligence – the conclusion
Now that you know both the advantages and disadvantages of artificial intelligence, one thing is for sure, it has a huge potential to create a better world to live in. The most important role for people will be to ensure that the rise of AI not out of control. Although there are controversial pros and cons of artificial intelligence, its impact on global industry is undeniable. It continues to grow every day, leading to sustainability for the business. This certainly imposes the need for literacy and artificial intelligence skills to thrive in many jobs in the new era. Simplilearn’s AI Certification and Machine Learning Course will help you track your AI career and prepare you for one of the most exciting jobs in the world. This program covers both the basics of AI and advanced topics such as deep learning networks, NLP and reinforced learning. Start this course today and build your dream career in AI.