It’s estimated that Artificial Intelligence (AI) will be a $47 billion industry by next year.
While this can be seen as a milestone in the technological world, it’s equally viewed as a threat by many.
To fully gauge the relevance of AI and human interaction, it’s important to evaluate the risks and benefits of Artificial Intelligence.
Read on to learn more.
1. Artificial Intelligence in Authentication
The first line of defense for many health, financial institutions and e-commerce sites is a username-password combo. But this isn’t a robust cybersecurity strategy.
AI has played a significant role in improving the traditional password security to protect against threats such as social engineering.
For instance, using the Artificial Intelligence and Machine Learning (AIML) approach, there are platforms such as the Acceptto’s eGuardian® that deliver a Cognitive Continuous Authentication™ to address the ever-changing cyber security threats. The approach automatically finds an optimal policy in each transaction in your system to maximize security and user-friendliness.
2. AI Enhances Accuracy
AI achieves utmost precision through deep neural networks. For instance, your interactions with Google Search, Google Maps, Google Photos, and Alexa are based on the AI’s deep learning. The more you use them, the more accurate they get.
In the medical field, AI has attained the same accuracy as highly trained doctors. In fact, it’s the techniques from deep learning and object recognition that identify cancerous cells on MRI tests.
3. AI Ensures Efficiency and Cost-Effectiveness
AI uses complex computing machinery and technology that quickly analyzes vast amounts of data. The costs of completing tasks are quite reasonable, or at times, no costs are incurred at all.
All this is possible because AI works differently from hardware-driven robots. It can perform high volume and frequent computerized tasks without fatigue. Hence, monotonous jobs are carried out fast, accurately, and with great ease.
4. AI Increases Productivity
You have probably seen headlines that AI and robots will soon take over your jobs.
This is fictitious!
With proper preparation, AI enhances a gradual positive change in the job market. You get to keep your job and, even better, it’ll be more efficient with the incorporation of AI. The unmatched combination of human intelligence and machines in the job market will become the new normal.
Risks of Artificial Intelligence
Along with the many benefits of AI, there are also some threats to consider. Here are the most popular risks related to AI.
1. Autonomous Weapons
AI machines programmed as autonomous weapons pose great risks to the human race. If they fall in the wrong hands, acts of cyber-attacks and terrorism are inevitable.
Considering that technology has become inexpensive, user-friendly, and increasingly easy to access, military equipment isn’t the only dangerous tools. Making AI-enabled weapons is now easy and limited only by our degree of imagination and malice.
2. Health Risks
For every second, five new Facebook profiles are created. This translates to over 2 billion monthly active users.
With advancement in AI, social media platforms like Facebook have become more addictive, thus negatively affecting users’ health and wellbeing. Issues such as sleep deprivation, depression, and anxiety disorders have been on the rise. If this isn’t controlled as soon as possible, the situation may worsen.
Let’s Embrace the Benefits of Artificial Intelligence for the Future!
From the above, the benefits of Artificial Intelligence outweigh the risks. The many unknowns and concerns in the advancement of AI should be handled with caution.
However, fear of the unknown shouldn’t stop the progress of responsible AI use. Rather than ignoring the risks, we can involve AI researchers to come up with regulations that’ll balance practicality with AI security.