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Pros and Cons of AI in Real-World

Pros and Cons of AI-Big

Let us look at the agenda for this blog on the pros and cons of AI:

Why do we use Artificial Intelligence?

Artificial Intelligence is a technology that helps create smart and intelligent machines. These machines are capable of performing tasks without the involvement of humans. AI-based machines are programmed to learn and explore their surrounding with the help of data analysis. In the real-world, we can various applications of Artificial Intelligence that allow us to ease our day to day redundant tasks. There are many more useful applications of Artificial Intelligence that has changed our lives such as Google maps, self-driving cars, automated marketing, e-commerce recommendation systems, automated fraud detection, and many more.

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There is no doubt that AI is changing the world around us by allowing technological development in various sectors of the industry. But, along with the pros of Artificial Intelligence, there are various cons of Artificial Intelligence in the real-world. Therefore, in this blog, we will discuss various pros and cons of AI.

Advantages of AI

Error-Free Processing

Execution of tasks by humans is more prone to make errors. We often make mistakes while doing a specific task. This is due to the variation of the intellectual ability of an individual. But, it is not the same case with AI-based machines. We program the machines for accomplishing a specific task. Thus, the accuracy depends on how well we design and program the machines. But, if we compare AI-based machines to humans for executing a particular task, then Artificial Intelligence has proved itself more efficient than humans. The use of Artificial Intelligence in various fields helps reduce unnecessary errors and losses. The algorithms used for building AI-based models implement complicated mathematics constructs that help to perform actions with greater efficiency and fewer errors. It helps solve complex real-world problems.

Helps in Repetitive
Jobs

Unlike humans, machines do not require breaks to recover tiredness and boost productivity. There are day to day tasks accomplished by a human that is repetitive. The efficiency of a human reduces while continuously performing the same job. It is a fact that a human worker can be productive only for 8-10 hours per day. But, AI-based machines help perform repetitive tasks for a long time without any slowdown. Artificial Intelligence help operate the machines for an indefinite time without lag in productivity. This is one of the major pros of AI that led to its acceptance in every sector of the industry. Artificial Intelligence is used by manufacturers to continuously produce good to meet the market demand and earn high profits.

24×7 Availability

An average worker can give their services for 7-8 hours per day. Humans need time to refresh themselves and need to maintain a work-life balance. Humans cannot work for 24 hours in a day. But, Artificial Intelligence helps provide 24×7 services to the organization. Also, AI-based chatbots used by customer service applications can handle multiple queries at a time. It can provide services without any delay or a lack of efficiency. Nowadays, every e-commerce application, e-learning website, healthcare sector, educational institute, etc uses Artificial Intelligence for support chat. This helps in enhancing customer services.

Right Decision Making

One of the advantages of Artificial Intelligence is the ability to make the right decision. There are no emotions attached to the machines that help prevent hampering of efficiency. The machines that are built using Artificial Intelligence are capable of making logical decisions. A human would examine a situation by considering many factors. These factors may influence the decision emotionally or practically. But a machine gives an accurate result as it is programmed to make a logical decision. AI-powered machines use cognitive computing that helps them make practical decisions in real-time.

Digital Assistance

AI-powered applications provide digital assistance. Today, most of the organizations make use of digital assistants to perform automated tasks. This helps to save human resources. There are digital assistants that can program to make a website for you. The use of digital assistants has revolutionized the healthcare industry. Now, doctors can look after their patients from a remote location with the help of a digital assistant that provides real-time data of patients. It helps us in our day to day activities. There are many practical applications of AI-based digital assistants such as Google Maps, Grammarly, Alexa, and many more. Google Maps help us travel from one place to another. While Alexa executes voice searches to give us the result. Another very interesting digital assistant is Grammarly that helps us to correct grammar in a sentence. It helps autocorrect the text to improve our writing skills. These applications make Artificial Intelligence advantageous over other technologies.

Disadvantages of Artificial Intelligence

High Costs of Creation

The creation of machines empowered with Artificial Intelligence is very high. For a large scale project, the price might reach up to millions of dollars. For a small scale business, it is not possible to implement AI for their business. For companies with large revenues, the cost of development of an AI project may be high due to factors such as features, functionalities, or its scope. The cost of development also depends on the usage of hardware and software. To meet the demand of a highly changing world, the hardware and software should be regularly updated. AI-powered devices are built employing complex codes, algorithms, software, and hardware. The maintenance of these components requires great effort and it costs very high. In the future, the cost of developing machines using AI may reduce due to the invention of advanced tools that will help to create them easily.

Increase in Unemployment

Artificial Intelligence will create jobs as well as leave the people unemployed. This is one of the major cons of Artificial Intelligence. It will create jobs form people who are skilled in technologies and replace low skilled jobs. The sectors including manufacturing industries will employ AI-powered machines for manufacturing products. As AI-based machines can work 24×7, industries would like to invest in Artificial Intelligence rather than humans.According to a report by Gartner, AI will create one million jobs by 2022. But, it will have a huge negative impact on low skilled laborers as machines will replace humans. The manufacturing industries, construction sites, transport industries with driverless cars, etc will create large-scale unemployment.

Artificial Intelligence lacks creativity

Machines cannot become as creative as humans. Artificial Intelligence can provide the functionalities to learn from data but cannot make the machines to mimic the exact human brain. The accuracy of the results of an AI-powered machine depends on the level of analytics used by the creator. Artificial Intelligence cannot invent anything. It can just perform the task it is programmed for and improve itself by experience. AI can collaborate with other technologies such as IoT, Big Data, advanced sensors, and many more to give the best automation. The smartness of a machine depends on how intelligent are the algorithms created by human’s intellect. Therefore, AI is bound to rules and algorithms and cannot become as creative as humans.

Lacks Improvement

The AI algorithms are designed in such a way that it allows the machine to learn by itself by exploring the data. Then, the machine tries to improve by learning. But, any redundancy in the data may cause failures in learning and machine might show unpredictable results. Then, the algorithms need to be readjusted for the new set of data or learn to adapt the exceptional conditions. There may be inconsistency in the results due to the inability to process bits of information. Also, due to the lack of improvement, AI-generated results may have inaccuracy and might cause great losses.

No human replication

Humans have created machines to save their time and effort from doing non-essential tasks. AI-powered machines work on algorithms, mathematical computing, and cognitive technologies. It can become highly advanced but cannot act or think like a human. Machines are considered intelligent but lack judgemental power as it not aware of ethics, morals, right or wrong things. The machines will break down or give unpredictable results if they found a condition for which they are not programmed. Hence, if we try to implement AI in places that requires strong judgemental ability then it would be a great failure.

In this blog, we have discussed all the pros and cons of AI that can have positive and negative effects on the real-world. Thus, it completely depends on the creator’s intension of how they will use Artificial Intelligence.Stay tuned with us to learn about new technologies and excel in your careers!

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