#What is an AI?
- Artificial intelligence is a wide-ranging branch of computer science concerned with building smart machines capable of performing tasks that typically require human intelligence. Let’s make it simple. You are with your Smartphone and there is an assistant who will receive your command and do it for you. This assistant in an AI. Which is a computerized algorithm performing human tasks.
- From Siri or Google’s assistant to self-driving car AI is progressing rapidly. While science fiction movies portray AI as robots or human-like characters, AI could be anything from Google search algorithms to IBM’s autonomous weapons.
- Artificial Intelligence today know as weak AI which is designed to perform narrow tasks e.g. facial recognition or internet searches or self-driving cars. However, the long-term goal of researchers is to create strong AI. While narrow AI will out form humans in specific tasks like chess or solving equations, the strong AI will out form humans in any cognitive tasks.
#Importance of Artificial intelligence:
- There are many examples where AI has put a significant impact on the world and augmenting human capabilities in a significant way. In a report by PWC estimated that artificial intelligence could increase global GDP by $15.7 trillion, a full 14% by 2030. China is making stride because they set a national goal of investing $150 billion in AI and becoming the world leader.
#AI in Finance:
- Decisions about loans are now taken by software which takes into account a variety of fine information about the borrower rather than credit scores and background checks. Also, there are so-called ROBO Advisers which can create a personalized investment portfolio and they are designed to take emotions out of investment and take decision based on analytics and make choices in a matter of minutes.
- In the stock market also, people submit buy or sell orders, and machines can match them in a blink of an eye without human intervention. Machines can spot inefficiencies or market differentials on a very small scale and execute trades that make money according to investor instructions
AI also can detect frauds immediately. It is sometimes very difficult for a big organization to identify fraudulent activities, but AI can identify abnormality which helps a manager to take actions before it reaches to the dangerous level.
#AI in Healthcare:
- AI has the potential to save current and future patients’ lives and it has started to be seen across healthcare services all over the world. Looking at the diagnostic centers alone, there have been large scale developments in rapid image recognition, symptom checking, and risk stratification .
- AI can also be used to personalize health screening and treatments for cancer, not only benefiting the patient but clinicians too – enabling them to make the best use of their skills, informing decisions, and saving time.
#AI in Criminal Justice:
The city of Chicago has developed an AI-driven “Strategic Subject List” that analyzes people who have been arrested. It ranks 400,000 people on a scale of 0 to 500, using items such as age, criminal activity, victimization, drug arrest records, and gang affiliation. In looking at the data, analysts found that youth is a strong predictor of violence.
In China, companies already have considerable resources and access to voices, faces, and other biometric data in vast quantities, which would help them, develop their technologies. Through its program, Chinese law enforcement is matching video images, social media activity, online purchases, travel records, and personal identity into a cloud. This integrated database enables authorities to keep track of criminals, potential law-breakers, and terrorists.
#AI in transportation:
Over $80 billion was invested in autonomous vehicle technology between 2014 and 2017. Those investments include applications both for autonomous driving and the core technologies in transportation.
- Autonomous cars, trucks, buses, and drone delivery systems use advanced technological capabilities. Those features include automated vehicle guidance and lane-changing systems, braking, the use of cameras and sensors for collision avoidance, the use of AI to analyze information in real-time, and the use of high-performance computing to adapt to new circumstances.
- Light detection and ranging systems (LIDARs) and AI are key to navigation and collision avoidance. LIDAR systems combine radar instruments and lights. They are positioned on the top of vehicles that use a 360-degree camera and light beams to measure the speed and distance of surrounding objects. Along with sensors placed on every direction of the vehicle, these instruments provide information that keeps fast-moving cars and trucks in their lane, helps them avoid other vehicles, applies brakes and steering when needed, and does so instantly that as to avoid accidents.
#AI in smart cities:
Many metropolitan cities are adopting AI to improve environmental planning, resource management, energy utilization, and crime prevention. American cities like Boston, Seattle, San Francisco, Washington DC, and New York are the top adopter of this service. Seattle using AI to manage resources and energy usage. Boston using cameras and inductive loops to manage traffics and acoustic sensors to identify gunshots.
66% of American cities are investing in smart city technology and some of the applications are smart meters for utilities, intelligent traffic signals, e-governance applications, Wi-Fi kiosks, and radio frequency identification sensors in pavement.
#How can AI be dangerous?
- Most researchers believe that AI is unlikely to exhibit human emotions like love or hate and there is no reason for an AI to be benevolent or malevolent. Instead, when experts think about how AI becomes a risk, two scenarios are most likely.
- #AI is programmed to do something devastating: Autonomous weapons are an AI system that is programmed to kill. When in the wrong hand this can cause mass casualties. To avoid being defeated by the enemy, these weapons would be designed to be extremely difficult to simply “turn off,” so humans might lose the management of such a state of affairs. The risk is one that is present with current weak AI but the risk will increase as the AI development grows.
- #AI is programmed for something good but it develops a destructive way to achieve it:
- This can happen when we are unable to align the AI’s goal with ours. For example, you asked your obedient smart car to take you to the airport as soon as possible, It will try to reduce the time by driving speedily and could break traffic rules, doing not what you wanted but literally what you have asked for.
As these examples show, the concern about advanced AI isn’t venom but competence. A super-intelligent AI is extraordinarily sensible at accomplishing its goals, and if those goals aren’t aligned with ours, we have a problem.
- To summarize, the world is on the cusp of revolutionizing many sectors with AI. There are significant deployments of AI in finance, healthcare, transports, and smart cities. These adaptations are beneficial for society and the economy. Human choices about software development affect how decisions are made and how they are integrated into organizational routines. Exactly how these processes are executed need to be better understood because they’re going to have a substantial impact on the overall public soon and for the future. AI can be a revolution in human affairs, and become the one most potent human innovation in history. Soon, we can see most of the human tasks are done by AI, and humans could replace themselves with AI .
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