What is Artificial Intelligence?
Artificial intelligence is a technology that enables computers and machine to simulate human intelligence and problem-solving capabilities.
As a field of computer science, artificial intelligence encompasses machine learning and deep learning. These disciplines involves the development of AI algorithms, modeled after the decision-making processes of the human brain, that can "learn" from available data and make increasingly more accurate classification or predictions over time.
Today, the term "AI" describes a wide range of technologies that power many of the services and goods we use ever day - from apps that recommend TV shows to chatbots that provide customer support in real time.
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7 Types of Artificial Intelligence:
AI designed to complete very specific actions; unable to independently learn.
- Artificial General Intelligence:
AI designed to learn, think and perform at similar levels to humans.
- Artificial Superintelligence:
AI able to surpass the knowledge and capabilities of humans.
AI capable of responding to external stimuli in real time; unable to build memory or store information for future.
AI that can store knowledge and use it to learn and train for future tasks.
AI that can sense and respond to human emotions, plus perform the tasks of limited memory machines.
AI that can recognize others’ emotions, plus has sense of self and human-level intelligence; the final stage of AI
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Advantages of AI:
The following are some advantages of AI,
- Good at detail-oriented jobs. AI has proven to be just as good, if not better than doctors at diagnosing certain cancers, including breast cancer and melanoma.
- Reduced time for data-heavy tasks. AI is widely used in data-heavy industries, including banking and securities, pharma and insurance, to reduce the time it takes to analyze big data sets. Financial services, for example, routinely use AI to process loan applications and detect fraud.
- Saves labor and increases productivity. An example here is the use of warehouse automation, which grew during the pandemic and is expected to increase with the integration of AI and machine learning.
- Delivers consistent results. The best AI translation tools deliver high levels of consistency, offering even small businesses the ability to reach customers in their native language.
- Can improve customer satisfaction through personalization. AI can personalize content, messaging, ads, recommendations and websites to individual customers.
- AI-powered virtual agents are always available. AI programs do not need to sleep or take breaks, providing 24/7 service.
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Disadvantages of AI:
The following are some disadvantages of AI,
- Expensive.
- Requires deep technical expertise.
- Limited supply of qualified workers to build AI tools.
- Reflects the biases of its training data, at scale.
- Lack of ability to generalize from one task to another.
- Eliminates human jobs, increasing unemployment rates.
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