Artificial Intelligence or AI has become a hot topic in recent years. Some fear that it could take people's jobs, while others welcome the emergence of AI as it can help improve their daily lives.
But is AI good or bad? Judging all the things that AI brings to the table, it comes with more pros than cons. This revolutionary development can transform the way we analyze problems and create solutions. So how can AI help society in the coming years?
Create Safer Roads
There are almost 1.35 million deaths from road accidents annually according to the World Health Organization. Traffic-related injuries are the leading cause of death for individuals aged 5-29 years old.
Now that there's AI, experts are looking to minimize accidents on the road using the technology. Companies invested billions of dollars in testing self-driving cars in the last few years. In theory, AI doesn't drive drunk or tired, therefore eliminating human error. In addition to this, it can also help seniors who are no longer capable of driving on their own.
But is it safe? Right now, self-driving cars will still need driver assistance. It means that it can keep the car within the right lane and even hit the brakes automatically. However, it isn't ideal for the driver to sleep or read a book while the self-driving car drives for you. Though AI is still not there in terms of optimal safety, it can minimize accidents on the road as it assists drivers.
Improves Cybersecurity
Next is in the area of cybersecurity. You can optimize your PC with PC cleaners and protect your computer from malware using anti-malware software. However, what if AI can do it better?
AI can help improve the cybersecurity features of your computer in such a way that it can outperform regular anti-malware programs. Regular anti-malware programs use malware signatures to track possible threats to a computer. On the other hand, AI can track unusual behavior patterns while also detecting the usual malware. It makes use of things like security controls and IT asset inventory to find potential threats to your computer.
Beneficial for People with Disabilities
People with disabilities have struggled to find jobs because of their physical limitations. Today, one of the major breakthroughs for visually impaired individuals is the use of voice-assisted AI. This allows users to command their devices. This can help in typing documents and emails. Also, some apps can even describe the surroundings for the user.
Process Automation
Even small businesses can take advantage of using AI when it comes to running their day-to-day operations. For example, small businesses can make use of chatbots when it comes to answering questions.
Chatbot programs can answer the most common questions. In addition to this, chatbots can answer questions outside working hours. Plus, answers can be provided in real time. The only time human intervention is required is when the question is too complicated.
Just how beneficial are chatbots? It is estimated that it can help the retail, healthcare, and banking industries save around $11 billion in 2023.
Data-Based Financial Decisions
Humans feel emotion making their decisions illogical when they're sad, happy or angry. In finance, it is common to see people make trading decisions based on what they feel and not because of available data. And when you let emotion get in the way, you can expect that the result will not always be so good.
AI can use data to make important trading decisions. It can decide whether to hold, buy, or sell stocks. In addition to this, because AI can analyze vast data and come up with a prediction, you can expect a lot of good results.
Improved Marketing
AI has the power to make it easier for businesses to reach out to their customers. It can do wonders in terms of marketing because AI can put customers into specific groups. AI also has the power to know what type of content customers go for.
By understanding customer behavior, it is easier to know their attitudes and how to approach them so you can convert.
Developing Cure for Certain Conditions
Healthcare can benefit from AI in many ways. One of which is the development of new drugs to cure conditions. AI can help in identifying potential molecules, using existing data. Pharmaceutical companies can turn to predictive analytics to see which molecules could hold the answer to some conditions.
Conclusion
AI isn't exactly a bad thing. A lot of individuals fear that AI will replace them in their work. But in reality, this isn't always the case. Plus, there is always that chance that an AI program will still need the help of humans. Take self-driving cars as an example. Until today, drivers shouldn't sleep when they're using their Tesla.
Though AI can automate a lot of tasks that we do, it is still not a replacement for humans. Also, AI can create new careers as it becomes more popular in the coming years.
