From time immemorial, success and prosperity have always been dependent on the level and accessibility of technology available to its man. It may not be immediately apparent, but every new technological advancement has changed the course of human societies. Technology determines what can be done and how it is done.
The level of technology also determines how effectively and efficiently problems are solved, products are manufactured, and services are provided. The industrial revolution brought with it machines that improved the quality and quantity of products produced while minimizing the usage of resources per product. It opened new potentials to human society, changed health status, improved the poverty line, and caused massive changes in social culture and tradition.
Currently, our modern society is on the verge of another technological breakthrough. Artificial Intelligence (AI) has been around for a while, in theory, and practice. It has only recently been made available to the public and business establishments at different levels and scales.
Tools and features available on AI platforms have consistently provided unprecedented results and improvements in industrial procedures and business transactions. Its wide range of applications has ensured that implementation and integration have spread throughout the various industries. Already, numerous areas and business transactions are experiencing massive overhauls and optimization in procedures. Experts argue that the most appealing aspect of AI is its ability to mimic human behaviors and activities.
Additionally, AI systems can learn; their learning curves are only limited to the amount of available data to train their algorithms. Consequently, the possibilities in AI are legion: once they learn, they reproduce with startling accuracy. Interested stakeholders and tech enthusiasts are excitedly waiting and guessing as to what the next human revolution would look like.
What is AI?
Artificial Intelligence (AI) are complex algorithms that are developed and trained to create a complex problem-solving model. AI is unique for its ability to learn new features and functions while solving problems and making decisions with human-like intelligence. AI is made possible due to a phenomenon called Machine Learning (ML). ML involves adding new algorithms to a computer’s base codes.
The features and functionality available on a program are due to the algorithms available in the program’s base codes. AI systems are unique for their ability to mimic and replace humans in solving everyday problems and completing tasks. Additionally, AI systems offer some advantages over human workers, which includes the elimination of errors, enhanced record-keeping, and standardized product quality.
Expanding the Scope of Industrial Use Cases
In every type of industry, AI has been able to bring certain repeated benefits that led to the optimized production process and enhanced profitability. AI tools have innovatively implemented in such a way that they recorded less resource wastage, less time requirement, and optimal use of human resources and human creativity. Apart from Machine Learning (ML), AI systems also carry certain exciting features that have been previously absent in computers. The tools include a rare level of compatibility with other computer systems and technology. This level of compatibility allows AI systems to be efficiently integrated with digital systems that are already existing in the establishment or sector. From the manufacturing industry to health, finance, and education, AI is expanding its use and application to use cases.
AI Solving Problems
The gaming sector has initially been regarded as a joke or something just for fun. The last two decades have been instrumental in breaking this bias. Several corporations have risen to influential levels by creating a robust entertainment sector. AI has been able to provide solutions for enhancing the qualities of services provided by the companies. AI models have been designed to speed up the programming process, examine trends and demands in the customer base, improve communication and cooperation between partners and departments. In the banking sector, AI has been popularly employed in boosting the efficiency and effectiveness of customer care.
A commonly known feature called chatbots is used to maintain human-like conversations, answer questions, and provide help to customers over numerous digital channels, even the telephone. eCommerce has continued to mark massive growth and uncovered potential to grow. AI has been applied to marketing on digital channels using automated tools and advanced search functions. On social media and insurance, AI has been used to manage a massive amount of data. Management is provided data-backed insights to aid swift and effective decision-making.
Experts have been trying to create a clear vision of what the next ham revolution would look like. The truth is that no one is confident of his expectations. The main structure of a revolution is that it is so different it is mind-blowing. Still, we expect it to break all previous barriers and create new opportunities for growth and achievement. First, we expect it to improve communication, data analysis, and analytical insight. We also expect it to enhance the growth and success of SMBs through effective marketing and enhanced planning. Finally, it is likely that innovation and creativity will explode as AI systems get better at completing basic forms of drudgery and intensive tasks.
Reasons why AI is in demand
The simple answer is that it has been effective at producing positive results in every sector. A more involved answer would describe it’s special advantages of provides.
• Computational Power and Costs: AI systems can analyze a large amount of data while requiring very little time and no supervision. The amount of computational power would limit the cost necessary for studying large systems and market trends. The higher computational power and reduced costs would be the key to breakthrough in other innovative technologies.
• Generation of Massive Datasets: AI systems are trained using the appropriate datasets. The more relevant and structured the dataset, the better and faster the training is achieved. Datasets are being discovered on various networks with the proper structure to afford training new AI models.
• Innovative AI: human revolution, while powered by new technology, is still dependent on people. With the transfer of creative focus to the innovative application of AI technology, we are going to keep seeing massive growth in the technology and its application.
The Intersection of other Technologies with Artificial Intelligence
AI intelligence is showing its strength in unity. With the massive level of compatibility and integration, AI is linking with other innovative technologies. New technology such as blockchain, IoT, and Natural Language Processing (NLP) are being combined with AI to produce mind-blowing hybrids.
The topic of the human revolution is an exciting one. SciFi fans are also excited about the prospect of bringing new technology from the realm of imagination into reality. Moreover, economists and innovative intellectuals are looking to solve significant problems such as global warming, world peace, and food scarcity with AI and the possible technology hybrids that may grow.