With all of the buzz around Artificial Intelligence Malaysia (AI) – robots, self-driving vehicles, and so on – it’s tempting to believe that AI has no influence on our daily lives. In actuality, most of us come into contact with Artificial Intelligence on a daily basis in some form or another. AI has fast infiltrated our daily lives, from the time you wake up to check your phone to viewing another Netflix suggested movie. According to Statista, the worldwide AI industry is expected to increase at a rate of 54 percent every year. But, precisely, what is AI? Will it really benefit humanity in the future? Well, there are several benefits and drawbacks of AI, which we will examine in this post.
What is Artificial Intelligence, and how does it work?
Artificial Intelligence, or AI, is the capacity for a computer programme to think and learn on its own. It is the replication of human intellect (thus the term “artificial intelligence”) into computers to do tasks that would typically be performed by people. Weak AI, strong AI, and super AI are the three primary forms of AI depending on their capabilities.
Weak AI focuses on a single job and is unable to perform beyond its capabilities (common in our daily lives)
Strong AI – Can comprehend and learn any cognitive task that a human can (researchers are striving to reach strong AI)
Super AI – Exceeds human intellect and can outperform humans at any task (still a concept)
Artificial Intelligence’s Benefits
1. Human Error is Reduced
One of the most major benefits of Artificial Intelligence is that it can drastically minimise mistakes while also increasing precision and accuracy. The knowledge obtained before and a set of algorithms are used to guide AI’s judgments at each phase. These mistakes may be avoided if correctly coded.
2. There Are No Risks
Another significant benefit of AI is that it allows people to avoid numerous dangers by delegating them to AI robots. Machines with metal bodies are tough in nature and can endure adverse atmospheres, whether they are defusing a bomb, travelling to space, or exploring the deepest depths of the seas. They can also deliver more precise work with higher responsibility and are less likely to wear out.
3. Availability 24 hours a day, 7 days a week
Many studies demonstrate that people are only productive for 3 to 4 hours each day. Breaks and time off are also necessary for humans to maintain a healthy work-life balance. However, AI can function indefinitely without taking a break. They think far quicker than humans and can do numerous jobs at once with pinpoint accuracy. With the aid of AI algorithms, they can even undertake boring repetitive tasks with ease.
4. Digital Support
Almost all large companies now utilise digital assistants to connect with their consumers, reducing the need for human personnel dramatically. You may communicate with a chatbot and ask them specific questions. Some chatbots have advanced to the point where you won’t be able to identify whether you’re conversing with a machine or a person.
5. Innovative Concepts
In practically every sector, AI has aided in the development of innovative ideas to address complicated challenges. Using powerful AI-based technology, a new innovation has assisted physicians in predicting early stages of breast cancer in women.
6. Decisions that are not influenced by prejudice
Emotions influence human behaviour, whether we like it or not. AI, on the other hand, is emotionless, and its approach is extremely practical and reasonable. Artificial Intelligence has a significant benefit in that it is free of prejudice, allowing for more accurate decision-making.
Artificial Intelligence’s Drawbacks
1. Exorbitant Prices
It takes a lot of skill to build a computer that can mimic human intellect. It takes a lot of time and energy, and it may be quite expensive. AI also requires the most up-to-date gear and software to remain current and fulfil the most stringent criteria, making it highly pricey.
2. Lack of imagination
One of AI’s major drawbacks is that it can’t learn to think beyond the box. AI can learn over time using pre-programmed facts and previous experiences, but it cannot be creative in its approach. Quill, a machine that can create Forbes earnings reports, is a famous example. These reports only include data and information that the bot already has. Although the ability of a bot to produce an essay on its own is amazing, it lacks the human touch seen in other Forbes pieces.
Unemployment is on the rise
One of the most serious drawbacks of artificial intelligence is that it is gradually replacing humans with bots for a variety of monotonous activities. Many career prospects have been lost as the necessity for human intervention has decreased. A simple example is the chatbot, which is beneficial to businesses but a pain for workers. According to a McKinsey report, AI will replace at least 30% of human labour by 2030.
4. Induce inertia in humans
The bulk of laborious and repetitive operations are automated by AI technologies. We utilise our brains less and less since we don’t have to remember stuff or solve riddles to get the job done. Future generations may face challenges as a result of this AI addiction.
5. There is no code of ethics
Morality and ethics are crucial human characteristics that might be challenging to include into artificial intelligence. The fast advancement of AI has sparked fears that it could one day develop uncontrolled and finally wipe mankind entirely. The AI singularity is the term used to describe this point in time.
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