I work at ValueFirst Digital Media Private Ltd. I am a Product Marketer in the Surbo Team. Surbo is Chatbot Generator Platform owned by Value First. ...

Full Bio 

I work at ValueFirst Digital Media Private Ltd. I am a Product Marketer in the Surbo Team. Surbo is Chatbot Generator Platform owned by Value First.

Success story of Haptik
958 days ago

Who is afraid of automation?
958 days ago

What's happening in AI, Blockchain & IoT
959 days ago

3 million at risk from the rise of robots
959 days ago

5 ways Machine Learning can save your company from a security breach
959 days ago

Google Course for IT beginners, certificate in 8 months: Enrollment starts on Coursera today, check details

7 of the best chatbot building plaftorms out there

Could your job be taken over by Artificial Intelligence?

'Star Wars' and the Future of Artificial Intelligence

Artificial Intelligence Timeline: Infographic

Is Artificial Intelligence just another disruptive technology

By satyamkapoor |Email | Jan 19, 2018 | 9039 Views

The tech worker is the in front line today in this major breakthrough that is going to affect productivity and business performance: artificial intelligence (AI). It is almost that AI is going to impact all industries I the near future. On, all technology analysts have agreed. The IT professionals would be required to work with AI, develop AI solutions, and help their customers find the right balance of technology and human element. 
Almost every new technology arrives with a fan base and claims of revolutionizing the lives of people. For some, AI is just one another such technology that is over-hyped. At the other end are those who believe this will completely disrupt the world.

So, what is artificial intelligence?

Essentially, AI is a computer science discipline that seeks to create intelligent software and hardware that can replicate our critical mental faculties in order to work and react like humans. Key applications include speech recognition, language translation, visual perception, learning, reasoning, inference, strategizing, planning, decision making, and intuition. There are several underlying disciplines encompassed within the field of AI, including big data, data mining, rules-based (expert) systems, neural networks, fuzzy logic, machine learning (ML), deep learning (DL), generative adversarial networks, cognitive computing, natural language processing (NLP), robotics, and the recognition of speech, images, and video.

What sets AI aside from all other innovations in history is its ability to learn and evolve autonomously. So, while previous machines and software have followed instructions, AI can make its own decisions, execute a growing range of tasks, and, increasingly, update its own knowledge base and code.

Unquantifiable economic impact?

There are also numerous attempts being made to predict the resulting overall level of employment at a national and global level, and where the skill shortages and surpluses might be in the coming decades. In practice, the employment outlook will be shaped by the combination of the Fourth Industrial Revolution, the decisions of powerful corporations and investors, the requirements of current and "yet to be born" future industries and businesses, an unpredictable number of economic cycles, and the policies of national governments and supra-national institutions.

Collectively, the diverse economic factors at play here mean it is simply too complex a challenge to predict with any certainty what the likely progress of job creation and displacement might be across the planet over the next two decades. Across the world, many of the analysts, forecasters, economists, developers, scientists, and technology providers involved in the jobs debate are also largely missing or avoiding a key point here. In their contributions, they either don't understand or are deliberately failing to emphasize, the self-evolving and accelerated learning capability of AI and its potentially dramatic impact on society. If we do get true artificial general intelligence or artificial superintelligence, then it is hard to see what jobs might be left for the humans. Hence, through the pages of our book, Beyond Genuine Stupidity:  Ensuring AI Serves Humanity, we argue that perhaps a more intelligent approach is to start preparing for a range of possible scenarios.

The emergence of new societal structures?

Right now, many in society are blissfully unaware of how AI could alter key social structures. For example, if the legal system could be administered and enforced by AI, would this mean that we have reached the ideals of fair access, objectivity, and impartiality? Or, on the contrary, would the inherent and unintended bias of its creators define the new order? If no one has to work for a living, would children still need to go to school? How would people spend their newfound permanent free time? Without traditional notions of employment, how will people pay for housing, goods, and services?

For wider society, what might the impacts of large-scale redundancies across all professions mean for the prevalence of mental health issues? Would societies become more human or more technical as a result of the pervasiveness of AI? How would we deal with privacy and security concerns? What are the implications for notions such as family, community, and the rule of law? These are just a few of the key topics where the application of AI could have direct and unintended consequences that challenge our current assumptions and working models and will, therefore, need to be addressed in the not so distant future. An inclusive, experimental, and proactive response to these challenges would help ensure that we are not blindsided by the impacts of change and that no segment of society gets left behind.

New challenges for business and government?

With many technologies in recent history, businesses have had the luxury of knowing that they can wait until they were ready to pursue their adoption. For most firms, they could be relatively safe in the assumption that being late to market wouldn't necessarily mean their demise. Furthermore, predominantly short-term results driven focus and culture have led to many ignoring or trivializing AI because it is "too soon to know," or worse "it will never happen." Finally, those at the top of larger firms are rarely that excited by any technology and can struggle to appreciate the truly disruptive potential of AI.

However, the exponential speed of AI developments means that the pause for thought may have to be a lot shorter. There's a core issue of digital literacy here, and the more data-centric our businesses become, the greater the imperative to start by investing time to understand and analyze the technology. From the top down, we need to appreciate how AI compares to and differs from previous disruptive advancements, and grasp its capability to enable new and previously unimaginable ideas and business models. Within our businesses, we need to understand the potential for AI to unlock value from the vast arrays of data we are amassing by the second. We also need to become far more conscious of the longer-term societal impact and the broader role of business in society.

Call it corporate social responsibility or enlightened self-interest, but either way, businesses will have to think much more strategically about the broader societal ramifications of operational decisions. Where will the money come from for people to buy our goods and services if, like us, firms in every sector are reducing their headcounts in favor of automation? What is our responsibility to the people we lay off? How should we respond to the notion of robot taxes? How could we assure the right balance between humans and machines so the technology serves people?

Clearly, there is some desire in business today to augment human capability and free up the time of our best talent through the application of AI. However, the evidence suggests that the vast majority of AI projects are backed by a business case predicated on reducing operational costs - largely in the form of humans. Some are already raising concerns that such a narrowly focused pursuit of cost efficiency through automation may limit our capacity to respond to problems and changing customer needs. Humans are still our best option when it comes to adapting to new developments, learning about emerging industries, pursuing new opportunities, and innovating to stay abreast or ahead of the competition in a fast-changing world. Business leaders must weigh up the benefits of near-term cost-savings and taking humanity out of the business, against the risk of automating to the point of commoditizing our offerings.

Governments are clearly seeing the potential - and some of the risks and consequences of AI. For example, in its November 22nd, 2017 budget statement, the UK government announced plans to invest around US$660 million in AI, broadband, and 5G technology, and a further US$530 million to support the introduction of electric autonomous vehicles. However, they are also confronted by tough choices on how to deal with the myriad issues that already starting to arise: Who should own the technology and its likely power? What measures will be needed to deal with the potential rise of unemployment? Should we be running pilot projects for guaranteed basic incomes and services? Should we be considering robot taxes? What changes will be required to the academic curriculum? What support is required by adult learners to retrain for new roles? How can we increase the accessibility and provision of training, knowledge, and economic support for new ventures?

How IT pros can ensure AI serves humanity

There is a valid threat of machines undermining human workers, but it�¢??s does not have to be like a death sentence, especially if tech workers become aware of it. One of the best of making sure AI serves humanity is to keep it beneficial but benign: exploit the benefits and reject the parts that threaten us. If the choice is made to ensure that AI does not unravel the basic support systems for society, future IT staff might find themselves in a social profession providing a public service. By 2030, could the exercise of technological expertise come across as an act of humanity, rather than a commercial transaction? Such drastic transformation would be a startling development, yet somehow rings true to previous technological breakthroughs, like the internet, which led to entirely new economic systems, business models, and jobs - most notably creating the entire IT profession. In what ways will AI have similar ramifications? Information and ideas about the potential futures of AI are an antibody giving businesses a jolt of immunity against genuine stupidity about technological disruption.

Source: HOB