Artificial intelligence is imparting human-like intelligence in machines. With latest advancements in technology, humans have succeeded in imparting a considerable level of knowledge and decision making ability into the machines. These machines are deployed to replace humans from dangerous working conditions and to reduce human efforts for various unproductive activities. These bots are giving reliable assistance to human species.
What does it actually mean
It is a simulation of human activities by machines, prominently by computers. If we say that we are imparting artificial intelligence in any machine then it means we are making it competent enough to do certain activities. The major processes are reasoning, learning various tasks and doing a self-correction in its own activities.
Numerous benefits from these bots
Numerous companies have started working on artificial intelligence. They are doing a complete revamp of the current working culture in organizations. Companies working in conversational activities, vision, cybersecurity, healthcare, business intelligence etc are using artificial intelligent machines and replacing humans with complex activities and reducing their operational costs up to a great extent. Most organizations are using bots for rigorous calculations to avoid human errors and imparting self-rectification skills in these intelligent bots.
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Artificial intelligence has contributed
Artificial intelligence has equally contributed to finance sector. The machines are made capable enough to understand and do tedious calculations. These bots are also used in financial applications like Mint or Turbo Tax. They can collect the data and help in making a proper financial plan for the customers. Number of customers can be entertained with an even smaller number of staff without compromising the accuracy. These bots are now being used in trading activities also. Here also these smart bots have proved their mettle.
These robots are used in highly iterative tasks in manufacturing and business activities. They can work without fatigue and thus are the preferred choice for most of the industries now. Algorithms are being used in business CRM software for better analysis of data. They can work in a much efficient manner by handling numerous customers and even handling their grievances. AI has enabled machines to replace trainers in the education sector and can even provide additional support to the pupils.
Risks involved with these intelligent machines
We are largely benefited by Artificial intelligence and our efforts are being replaced by machine iterations. Many tedious and precise jobs have been allocated to these bots. But they have created a sense of insecurity too. Well, with the latest introduction of these smart machines, in various business operations and other segments have replaced humans. The replaced population is mostly unskilled in other segments of the business and thus are unemployable for other skilled jobs. They are facing a situation of financial crisis. But the business houses are enjoying their new cheap and 24X7 working staff, they are asking for minimal benefits from the employers.
Apart from this, many thinkers have doubts about the rapid progressions achieved in this segment. Deploying something more than required, in these machines is the major concern by many eminent professionals. They are seriously against the speed at which intelligence is being imparted to these bots.
Prof Stephen Hawking, one of Britain’s pre-eminent scientists, has said that efforts to create thinking machines pose a threat to our very existence.
Experts differ on the very idea of bots super-seeding the biologically slow evolving human species. Nobody can deny from such future completely. Imparting too much into these bots and giving them the power to replicate and repair can be a catastrophe decision in the future. We have to plan well before executing. Machines were introduced to reduce human efforts but they are simultaneously making humans dumb.
They are doing most of the complex activities by themselves and making humans rely on them heavily. These machines can do complex calculations & precise tasks in a much amicable manner but they can not compete with the creativity of the human brain as of now. Thus we should still take some time before designing our systems.
Are we really ready for the bots??
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