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Artificial intelligence (AI) is the theory and development of computer systems that simulate human intelligence allowing machines to perform tasks once performed by humans. Many businesses including Amesite have made the move to switch over to this emerging technology. Amesite uses this technology in applications specifically designed to track students’ learning and help them achieve more. Many businesses can increase their profit exponential by investing in AI. According to PwC, AI will contribute $15.7 trillion to the global economy by 2030. Artificial intelligence is paving the path to the future due to several key factors which will be described down below.
Enhanced Efficiency
Artificial Intelligence is smarter and faster due to the inevitable rise of quantum computing. Quantum computers act as the high functioning brain of AI. They can solve complex problems regarding the environment, disease, war, famine, aging, poverty, space exploration, origins of the universe, etc. Thanks to the quantum computer, AI can go through thousands of data in a matter of seconds. Data analysis and pattern recognition is tedious and difficult for most people if not near impossible. While the AI is working with complicated organizational systems and analysis to quickly spot patterns thus reducing errors, human workers are free to focus on more creative tasks.
Eliminates Unwanted Tasks
AI replaces the jobs that are repetitive and menial for example working on an assembly line. As mentioned earlier the AI allows workers to be repurposed for more creative tasks and high executive decision making while the AI works best with low level grunt-work decision making. Many people worry this technology will take away their jobs when this is not the case. Companies that use artificial intelligence retrain employees to fill higher elevated tasks while the AI does the menial tasks they may have done previously. Instead of working the assembly line, they are retrained into creative leadership roles. The use of AI eliminates not only dull, meticulous tasks, it eliminates the tasks that are considered dangerous. Some AI protect the environment, clear nuclear waste, and help fight fires.
Less Expensive
AI increases profits by reducing operational costs, increasing efficiency, and improving customer experience. While there’s the initial expense of buying the technology in the long run it is saves money. Thanks to the efficiency and speed of artificial intelligence it saves time, enabling more products to hit the shelves faster than ever before. AI automation has shown to cut business process costs from twenty-five to forty percent on average. In the IT field, it’s possible to even bring savings to fifty percent. If companies are worried about the initial expense of buying the technology according to PwC subject matter specialists, the cost of AI should decline within the next ten years as it becomes more commoditized.
Variety of Industries
AI is extremely versatile and can be used in a variety of industries. It can be used in hospitals for data-based diagnostic support. In addition, it is used to guide surgeons’ instruments during surgery making the operations minimally invasive. This allows patients to heal faster reducing their stay in the hospital. Artificial Intelligence is used in the automotive industry through self-driving cars and driver assist, alerting drivers of hazardous road conditions and by monitoring blind spots. Currently AI is being used to run tests on self-driving cars. It won’t be long until the technology is perfected and put into everyone’s vehicle, changing the automotive industry entirely. The technology is applied to assembly lines for manufacturing as well. Other industries that use AI include advertising, marketing, energy, technology, entertainment, financial services, retail, transport and logistics, etc.
Artificial intelligence is the technology that is changing the world and it’s still fairly new. In the next decade AI will impact jobs and everyday life in amazing ways. The Artificial Intelligence course is six-weeks long and allows professionals to learn the basics and how to apply it to their business from an AI expert. Professionals with an open-mind and a willingness to embrace new opportunities to enhance their career click the products tab to learn more.