There was plenty of work is done in Artificial intelligence. The way artificial intelligence involved in every nitty-gritty work so fast. Imagine, How Artificial Intelligence impacts on society once it came on a full flagged scale. In this post, I am gonna discuss some present and future aspect of, How artificial intelligence impacts society. I give a brief overview of some topics I find particularly interesting.
Just imagine a world where your car drive itself, Virtual assistant Books your Tickets, confirms your appointment. Your fridge does the grocery shopping and robots work alongside you even help you out in your decision-making process.
Yes! Rapid advances in AI are turning that world of vision into near future possibility.
Today we are living in an autonomous world where we can perform most of your work with a single mobile tap. But once AI penetrates this all is going to change, presently we take our final decision, Weather we should need to buy this cloth from Amazon or not. Does this gonna suits my personality or not?
AI Gonna change all that, most of the important decision taken by AI, that totally describe through our past data.
The development of artificial intelligence will be the story of the coming generations, Here are different ways AI will begin to touch your life.
How Artificial Intelligence impacts society?
(1) Everybody will have a virtual assistant:
Everybody will have a virtual assistant, which will keep getting smarter. As our personal assistants learn more about our daily routines. I can imagine the day I need not worry about preparing time-table or scheduling my days.
Users also task virtual assistants to make and receive phone calls, create text messages, get directions, hear news and weather reports, find hotels or restaurants, hear music, or play games.
(2) FAcial RecogNition Will Be the New Mail-id And password:
“Thanks to AI, Pretty soon face will be new id-password. You can log in to your Facebook, Google, or some other with your face. The face will be the new credit card, the new driver’s license, and the new barcode. Facial recognition is already completely transforming security with biometric capabilities being adopted.
(3) AI as a market analyst and Stockbroker:
“Imagine market reports that were written on demand and not just when the market closed. These reports could be more than just a simple recap of market performance, What new market strategies we need to bring and what changes can market face in the coming all been decided though AI.
Which stock performing well &what’s its future aspect, Should I need to buy this stock or when to sell it. AI will bring all that at your fingertip.
People who work in finance need to derive insights from their data. AI can help them streamline operations, improve product offerings and enhance customer experiences.
Banks and other financial service organizations have collected a treasure trove of data, resulting in large data sets. They also have extensive experience with analytical tools, so they have a head start with the application of AI, which can make many banking services more powerful.
AI can help banks and credit issuers, for example, identify fraudulent behavior while it is happening. It can also detect what the next pattern of suspicious behavior will be. Furthermore, AI can help with meeting regulatory requirements on a real-time basis. Issues can, therefore, be flagged—and addressed—earlier.
(5) Job Loss and Job Creation:
The way AI gaining popularity, A Sevier threat of huge amount of job loss propelled out. Related: Job loss due to AI.
Job losses will not be spread evenly across income— lower-wage, low-skilled workers are most at risk of losing work due to automation. It raises a threat of unequal distribution of money increasing societal division between the rich and the poor.
“Rich gets richer and poor get poorer”
Under Sevier threat of job-loss, AI also brings a new chain of jobs in the market. As the numbers of machines and AI devices increase, so will the need for jobs surrounding them. Robots can’t yet look after themselves — they need human intervention at regular intervals to keep them running smoothly.
AI research firm Gartner said more jobs will be created than lost. The firm says 1.8 million jobs will be eliminated by 2020, but 2.3 million new jobs will be created by then. https://www.gartner.com/newsroom/id/3837763
Related: jobs that Created due to artificial intelligence.
So Instead of continuously living in fear of robots taking up our jobs, we’ll be able to create new innovative roles based around AI that will serve the huge population around the world, and improve the employment prospects of people around the world.
(6) AI will be your new doctor:
Health professionals have to review reams of data manually before they diagnose or treat a patient. But the intervention of AI and high-performance computing in combination with graphics processing units have become key tools for doctors to detect the cause of illness by just using the patient’s data.