Future of Artificial Intelligence
We are continuously coming into contact with new technologies in today’s world of quickly growing technology. Artificial intelligence (AI) is a computer science technology that is the most fascinating and well-recognised field of computer science with a large future potential. The prospect of having a machine may lure AI to do human-like jobs. To put it another way, artificial intelligence is when machines think, learn, and make decisions in the same manner that humans do.
For many of us, the term “AI” conjures either sci-fi fantasies or nightmares of robots taking over the world. While no one can predict exactly how AI will develop in the future, current trends and developments paint a completely different picture of how AI will integrate into our lives.
Evolution of Artificial Intelligence
Alan Turing was the one who first proposed the idea of robots that can think like humans. He devised the Turing test, which was used to determine if robots could think like humans. AI research began in the late 1950s when people began creating gadgets that could think and act like humans. When we were initially introduced to the first generation of computers, technology took off. They used to be massive computers that could calculate at a quicker rate. They did, however, upgrade the gadgets to save, retrieve, and analyse data that may help them perform more efficiently.
The purpose was to guarantee that students could solve problems and teach the notion of interpretations. Many scientists have worked on this subject, including Stephen Hawking and Elon Musk, among others. They’ve come up with some incredible gadgets and even concepts that might save the globe from extinction. The objective was to offer self-recognition gadgets that could employ natural language processing to improve learning capacities.
The technology was created to let machines continue to learn and update themselves based on the data they have access to. These devices require as much information as possible. If there is enough data, it will result in relevant knowledge and improved algorithm designs. But why is Artificial Intelligence so vital to society? Let’s see if we can figure out what’s going on:
The current status of AI has been characterised as assisting enterprises in their seamless operation and management. It aids in the streamlining of critical functions that are necessary for success. To speed up their work and function effectively, businesses have begun to use growth management and productivity solutions. To get better insights and construct the scaling plan, they have begun to use Big Data technologies integrated with analytics functions. It aids their forecasting of AI’s future.
AI Impact on Society
Artificial Intelligence is slowly but steadily changing civilization. It ensures improved ways to live together and improves the human race’s comforts. It has had some beneficial effects on the human race.
Users may personalise their experiences with AI. You may require a different solution as a customer than someone who lives with you. Your requirements are distinct, as are your thought processes. This is where artificial intelligence can assist you. The intelligent machine can process a solution that works best for you by understanding how you operate, what items you use, and how you go about your everyday routines. This makes life so much easier!
The e-content viewing during the epidemic is the finest illustration of how this has influenced present society. During the period when theatres and other types of outdoor entertainment were closed, streaming platforms such as Netflix grew in popularity. People signed up for these sites in order to be entertained. These sites provide a plethora of previously undiscovered material options, making it nearly hard to sit and search them all.
Netflix, on the other hand, was able to go through your previous viewing history and provide you with recommendations. This aided you in selecting films that suited your preferences. The suggestion side grew after viewing a lot of movies and shows. As a result, there are more alternatives and availability. Your tastes have been influenced by artificial intelligence.
Future of Artificial Intelligence
The next ten years seem to be incredibly interesting and dramatic for artificial intelligence. For starters, you’ll notice a rise in the use of contemporary technologies in daily life. In the next ten years, keep an eye on the following trends.
Monitoring and reevaluation of existing processes in businesses can help with future development. The future potential of artificial intelligence has paved the way for smarter monitoring, quicker feedback, and expanded business lines. Robotic process automation will reduce the time it takes to do repetitive tasks, making the approaches more efficient and easier to apply.
Knowing what’s on your customers’ thoughts may help you obtain insights and make real-time decisions to improve their experiences. Artificial intelligence (AI)-enabled smartphone apps and other mediums will help you figure out what customers want. Data-driven insights lead to more personalised solutions and more effective interactions.
But it’s not just tech and IT industries that are being affected by AI. Several other industries are also getting equally affected by the emergence of AI, in more ways than they would have imagined, but obviously for the better. I mentioned some of such examples below.
Industries Affected by Artificial Intelligence
1. Medical:
The potential benefits of using AI in medicine are now being investigated. The medical industry contains a large quantity of data that may be used to construct healthcare-related prediction models. In some diagnostic scenarios, it has proven AI to be more successful than physicians.
2. Automotive:
By introducing autonomous cars and autonomous navigation, we’re already witnessing how AI is affecting the world of transportation and autos. AI will have a significant influence on production, particularly in the automobile industry.
3. Cybersecurity:
Many corporate executives show concern about cybersecurity, especially given the expected increase in cybersecurity incidents in 2020. Hackers targeted people who worked from home, as well as less secure technological equipment and Wi-Fi networks, throughout the outbreak. AI and machine learning will be critical technologies in cybersecurity for identifying and forecasting threats. AI will be a significant tool for financial security because of its capacity to analyse large amounts of data and forecast and identify fraud.
4. E-Commerce:
From user experience to marketing to fulfillment and distribution, AI will play a vital role in the future of e-commerce. Chatbots, shopper personalization, image-based targeted advertising, and warehouse and inventory automation should all expect to fuel e-commerce in the future.
5. Manufacturing:
Manufacturing will automate shortly. AI also helps organisations predict market shifts by optimising industrial supply networks. Manufacturers value this information because it allows them to optimize staffing, internal control, energy consumption, and thus raw material supply.
Artificially Intelligent Systems-enabled manufacturing processes would be capable of not only performing the needed operations but also inspecting, improving, and quality-checking the products with no human interaction. According to Markets research, Artificial Intelligence in the manufacturing industry predicts an increase at a CAGR of 49.5 per cent from USD 1.0 billion in 2018 to USD 17.2 billion by 2025.
6. AI and Job Search:
If you’re hoping that a hiring manager would forgive you for a little blunder on your application, you could be in for a nasty shock. AI already plays a significant part in the recruiting process, with an automated applicant tracking system, or ATS, rejecting up to 75% of resumes before they even reach a human being.
Previously, recruiters had to spend a significant amount of time sifting through resumes to find qualified applicants. According to LinkedIn data, recruiters can spend up to 23 hours reviewing resumes for a single successful job. Resume scanning, on the other hand, is increasingly being done by AI-powered systems. In 2018, 67 percent of recruiting managers said artificial intelligence (AI) made their work simpler.
7. AI in Defence:
Artificial intelligence has been used by the military for a variety of purposes. Because AI is self-aware, it can be used in hostile situations where sending humans isn’t possible. Many developed countries, including the United States, Russia, China, the United Kingdom, and France, are investing heavily in the development of autonomous weapons systems.
Battlefield Surveillance, for example. For a military reaction, having up-to-date knowledge about hostile zones is critical. Due to the significant risk, live updates are not always feasible. Drones controlled by artificial intelligence are already in use in industrialised countries such as the United States and Russia for this purpose.
8. AI in Entertainment:
Netflix and Amazon Prime, for example, are quickly expanding their user bases. Smart algorithms will be able to devise the most basic marketing and advertising solutions. By utilizing predictive analytics and AI, it is possible to form all marketing processes a couple of times faster. AI will be able to predict not only our preferences, but also our mood in the future, and will display content accordingly. In the future, virtual reality-enabled sci-fi content and games could be a source of entertainment.
9. AI in Education:
The digital classroom is the way of the future. There are already several extremely interesting courses available on platforms that may be accessed from anywhere, at any time. Teachers and educational institutions may use AI to automate administrative tasks. Educators devote a significant amount of time to grading exams, assessing homework, and responding to students.
The use of artificial intelligence (AI) allows for the classification and processing of paperwork to be automated. With the aid of Artificially Intelligent technologies, the notion of education will be reinvented from the comfort of one’s own home, customised according to each student’s needs.
Next Decade for AI
Artificial Intelligence’s future in the next decade appears to be quite promising and eventful. For one thing, you’ll notice a significant increase in the use of this technology in daily life. Here are some trends to look out for in the next 10 years.
Monitoring and reevaluation of existing processes in enterprises aid in the development of the future. Artificial Intelligence’s future potential has paved the way for smarter monitoring, faster feedback, and improved business lines. Robotic process automation will shorten the time it takes to execute repetitive operations, making the methods easier to implement and more efficient.
Having a clear picture of what’s on your consumers’ minds may help you gain insights and make real-time decisions to improve their experiences. AI-enabled mobile applications and other mediums will assist you in determining what people desire.
Personalised solutions and improved interactions are the results of data-driven insights. There will be a larger number of people that support AI solutions. As a result, the interactions with the Artificial Intelligence machines will be in sync. Successful interactions and more visibility will result from cooperation. Future devices will have more data from which to learn, allowing them to make better decisions. Those firms that have not yet shown interest in AI solutions will do so in the coming several years. This opens up the possibility of more competition and improved business operations.
Summary
IT frequently included AI and machine learning in lists of the most important skills in today’s employment market. Jobs needing AI or machine-learning capabilities expect to expand by 71% in the next five years. If you’d want to further your understanding in this field, look into some of the excellent free online course alternatives that focus on AI skills.
It’s a smart idea to get in and learn everything you can about working with AI if you’re tech-savvy. If your strengths lie elsewhere, it’s important to recognise that AI will have an enormous impact, and you should do your best to master the concepts of how it works in diverse sectors.
Artificial intelligence is here to stay, whether we like it or not. I don’t think we need to be concerned. The best way to proceed is to be aware of and adapt to emerging technology, including AI.