To an average mind, the term ‘artificial intelligence’ evokes images of robots and gigantic machines causing havoc and taking over the world – as portrayed in the science fiction genre. In reality, though, artificial intelligence (AI) is simply the replication of human intelligence in machines. It is a branch of computer science that involves building machines and applications that perceive their environment and take actions accordingly. From smart digital assistants, such as Siri and Alexa, to the emerging self-driving cars, AI is increasingly becoming a part of daily life in the twenty-first century. The AI industry is expected to grow significantly in the coming years, and contribute USD 13 trillion to the global economy by 2030.
Benefits and Risks of Artificial Intelligence
AI applications have greatly enhanced information access and benefitted various types of industries. In manufacturing, sophisticated machines and robots perform error-free tasks around the clock, do boring and repetitive jobs, and can be entrusted with tasks considered too risky or dangerous for humans. AI mapping and prediction tools are increasingly being used to track the spread of diseases. AI-based technologies also help in predicting medical conditions and diseases such as breast cancer. In business and finance, AI is being adopted to detect fraud, streamline stock trading, and facilitate marketing and customer care. Social media platforms are now using AI to identify fake news and dangerous content.
This is an excerpt from the print issue.
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