Top 5 Benefits & Risks of Artificial Intelligence

Benefits of AI, reduce human error, takes risks, 24×7 assistant, digital assistant. Risks of AI make humans lazy, and high cost. Click here on the link to know more.

He said, “Every aspect of learning or any other features of intelligence can in principle be so precisely described that a machine can be made to stimular it. An attempt will be made to find how to make machines use language, form abstractions, and concepts, solve kinds of problems now reserved for humans, and improve themselves.

Artificial Intelligence is one of the most promising technologies in the world right now. It has the ability of a computer but in addition to learning and thinking.

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We can consider everything to be artificial intelligence if it can perform specific programs for which we usually rely on human intelligence.

benefits and risks of artificial intelligence

Now that we know a little bit about what is artificial intelligence, let’s study it in depth.

Artificial Intelligence: What is it?

Artificial intelligence is a branch of computer science. It concerns building intelligent machines capable of performing a wide range of tasks that would typically require human intelligence.

Types of Artificial Intelligence

There are four types of artificial intelligence, and they are

  • Reactive Machines
  • Limited Memory
  • Theory of Mind
  • Self-Awareness

Examples Of Real-Life Artificial Intelligence

  • Siri, Alexa, and similar intelligent assistants
  • Self-driving cars
  • Robo-advisors
  • Chatbots
  • Email spam filters
  • Netflix’s recommendations

“What we want is a machine that can learn from experience,” and that the “possibility of letting the machine alter its own instructions provides the mechanism for this” – Alan Turing.

 Benefits and Risks of Artificial Intelligence

There are a lot of benefits to artificial intelligence, and it can revolutionize any service sector. But just like every good side, there must be a wrong side. Hence, artificial intelligence to has some risks of using.

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Benefits of Artificial Intelligence

Let’s see some of the benefits of using artificial intelligence.

1. Reduces Human Error

We, humans, are bound to make some mistakes from time to time. But machines, or computers, don’t make mistakes if programmed correctly.

So with the use of artificial intelligence, the information is gathered through previously-stored information through a specific set of algorithms. Hence, the chance of error is relatively low, and the scope of accuracy is very high.

For example, weather forecasting has been made more precise while using AI technology, and it reduces human error.

2. Takes Risks

One of the most significant benefits of using AI is that it can minimize the risks taken by humans. AI Robots reduce the risk factor for humans in dangerous situations.

Situations like going to mars, diffusing a bomb, or even going to the deepest parts of the ocean. Here we can use artificial intelligence effectively in these situations.

For example, we all have heard of the Chornobyl explosion in Ukraine. What if, instead of humans, artificial robots were used to minimize the effects of radiation and control the fire. Then maybe thousands of lives would have been saved.

Though AI was not yet operational at the time, hazardous situations like those can be controlled by using artificial intelligence.

3. 24×7 Availability

On an average day, humans can work for about 6-8 hours, including breaks. Humans are not designed to work 24×7. They need periodic intervals to refresh and refocus themselves. Humans also need to balance their work-life and personal life.

But artificial intelligence can work 24×7. Being machines, they don’t require breaks, and they neither get tired. So AI robots come in handy for 24×7 service providing.

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For example, the helpline centers use AI to deal with customer queries and issues 24×7.

4. Digital Assistance

So large organizations use AI daily as digital assistants, where they interact with users and customers without any human interaction. They are popularly known as chatbots.

These chatbots are used in websites or apps to solve user or customer queries or questions. Some chatbots are designed so that it is hard to distinguish between AIs and actual human interactions.

For example, Most organizations use AI chatbots for their customer support team to help customers and users. These AIs can be Voice bots or Chatbots.

5. Daily Repetitive Jobs

In our daily life, we had to do specific jobs that were repetitive and, in a word, ‘boring.’ Like sending push notifications, thanking emails, and document verification.

Instead of human effort, using artificial intelligence would be highly productive and efficient, as they are automated.

For example, we often see document verification for loans are a boring and tedious job. So instead of humans, AI Cognitive Automation is more effective and speeds up the entire process.

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Risks of Artificial Intelligence

Now, let’s see a few of the risks that artificial intelligence possesses.

1. High Cost

With AI technology updating daily, the hardware and software also need updating from time to time. These machines too need maintenance and repairing, which can be very costly.

So you need to have a considerable amount of funds kept aside for creating and maintaining these AI machines.

2. Making Humans Lazy

AI is making humans lazy. If they do all the work with their fast automation, humans are addicted to that service.

If humans continue to be addicted to AI automation, it is not suitable for the future generation.

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3. Unemployment

Since AI is already doing repetitive work and other tasks using robots, the need for humans is decreasing. If this continues, then the employment standards will cause a significant problem.

Most organizations are looking to replace the less qualified with alternative AI robots to do the same jobs.

4. No Emotions

There is no doubt that AI is much more efficient than humans. It cannot replace human connection and emotion.

Machines can’t bond with people and have an emotional connection, and humans have that massive edge over them.

5. Lacks Out of Box thinking

AI machines perform the same task they are programmed to do or designed for. They cannot produce out-of-box content.

In such cases, they might crash or produce invalid data. For such things, humans are the best option out there.

Conclusion

Like any other object out there, AI machines also have benefits as well as risks. Of course, any invention or breakthrough has them. But AI indeed has massive benefits if appropriately utilized.

Some fear that AI can destroy human society. But in reality, no AI application has been made of that massive scale that has the ability to destroy civilization.

AUTHOR BIO

Miranda Shaffer is a passionate blogger. She loves to share her thoughts, ideas, and experiences with the world through blogging. Miranda Shaffer is associated with Exclusive Rights, Circle Box Blog, Plus Life Styles, Voice Of Action, News Stoner, News Profy, World Tech 24, Tech Mag News,& Proudly Updates.

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