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Artificial Intelligence

Artificial Intelligence (AI) Basics

A Look at the Basics of Artificial Intelligence

The emergence of Artificial Intelligence has taken the world by storm. It has been one of the major contributors in setting up the Fourth Industry Revolution, which is what our blog is all about.

Artificial Intelligence has impacted the everyday life of common people well beyond what one could imagine before it was introduced to the world. It wouldn’t be wrong to say that pretty much every industry in almost all the countries on the planet have been affected by it in some form or the other.

What Exactly is Artificial Intelligence (AI)?

Simply put, AI is basically something that aims to perform tasks and do things that would usually require some form of human intervention, or, to be more specific, some level of human intelligence.

It’s powered by machine learning, which is an essential component of AI. However, some AI systems are also powered by other things like deep thinking or a complex set of rules.

Common Examples of AI Systems

The self-driving cars that we are seeing more and more of lately are all a type of an AI system. It helps imitate human-like thinking when driving a car, but aims to do it without requiring any help from humans themselves.

Of course, robots that try to work, function and behave like humans are one of the most common and popular types of AI systems. They try to learn human behavior and function based on what they have learned, which helps them be more and more like humans.

Needless to say, there are many other types of AI applications, including the software that automate tasks in an accurate and error-free way, while getting pretty much the same or even better results than a human would when working on the same tasks.

The Response to AI

As we said above, AI has been impacting pretty much every industry and also creeping into the lives of the common people. As far as the companies are concerned, many of them are now trying to make the most out of it by using it process their data to build automation systems, optimize operational processes, as well as get key insight about the way they run their business that would help them improve it.

Of course, cutting down on costs also seem to be becoming a more common reason for companies to adopt AI systems. More and more jobs that were once done by humans are being replaced by bots and AI-based software, which is helping companies lower their operational costs, but at the cost of people’s jobs.

So, as you can tell, AI hasn’t exactly been as phenomenal for the common people. While they now might have access to more advanced apps and software on their smartphones and computers that help them take care of a part of their usual daily work to a certain extent, and be able to have a bit more convenient lifestyle, it has been making them feel worried about their job.

In fact, if the reports are anything to go by, as many as around 800 million jobs could be lost due to AI by 2030.

A Final Word

It’s safe to say that AI has been both promising and frightening so far. But whether it would turn out to be something that transforms the way we live or destroys the livelihood of countless people? Well, only time will tell.

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