Is Artificial Intelligence and Machine Learning a Boon or Bane

In today's world, AI is viewed as a threat because it will eliminate many occupations and serve as a big replacement for humans. AI, on the other hand, might be viewed as a boon because it can effectively execute various activities and provide results faster than people.

AI Is Coming For Your Jobs!

A person's employment is their primary source of security. The most widespread concern is that AI will result in job losses. The same concerns arose in the aftermath of the Digital Revolution. Computers and the internet, on the other hand, created far more jobs than they eliminated!

The more intelligent our technology becomes, the more it can help us. AI plays the role of Augmented Intelligence, assisting people without completely replacing them. AI cannot mimic skills like creativity, social intelligence, or critical thinking.

Simply defined, AI allows people to increase their creativity. AI may replace some sorts of labour, but it will also create a whole new range of jobs for which humans will be equipped in the future.

Superintelligence

Sci-fi films like Terminator, Skynet, and 2001: A Space Odyssey foster the most outlandish fears. They depict a future in which humans are slaves to machines and machines are masters. The concern that AI will develop awareness, on the other hand, is based on a misunderstanding.

To begin with, no one understands how to make something conscious. We can build clever machines, but we don't understand consciousness, let alone know how to recreate it. Second, AI does not work in such a way that machines will have their own purposes. Artificial intelligence (AI) lacks free will, desires, or intentions. Its sole purpose is to complete tasks faster and more effectively than humans.

General Unease

Humans have a natural aversion to the unknown. Any major, dramatic change puts the status quo in jeopardy. Humans, on the other hand, have repeatedly demonstrated their adaptability and agility by evolving and developing alongside technology. This worry is a result of focusing on short-term changes while overlooking AI's beneficial long-term consequences.

Positive Impact of Artificial Intelligence

According to an MIT poll, the most active department for AI implementation today is Customer Service. It will continue to be the most popular application of AI in businesses through 2022!

Artificial Intelligence, Machine Learning, and Big Data Analytics all have the ability to monitor and organise millions of data sets. For the first time, brands can monitor what consumers are saying in real time. As firms grow more aware of their customers, they will be better able to build goods and marketing campaigns that meet their evolving demands.

AI makes your brand available to your customers 24 hours a day, 7 days a week! Chatbots allow consumers to get answers to their questions without having to wait for a human to respond. Chatter on social media is efficiently streamlined by AI, which reduces turnaround time. It enables brands to grow without disregarding their current customer base.

AI Boon or Bane – Final Thoughts

Artificial Intelligence relies on data, and today's social media provides a limitless supply. Use AI to gain valuable insights for your company's strategic goals.

Let us not be afraid of the future, but rather help to mould it. Let us not be afraid of change, but rather embrace it. After all, we are the most intelligent organisms on the earth, and we must not dismiss anything that can help us get smarter.

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