The Effect of Artificial Intelligence on the Evolution of Technology

The Effect of Artificial Intelligence on the Evolution of Technology

It has been well established that Artificial Intelligence has contributed to increased productivity, efficiency, and development of society. Artificial Intelligence involves the use of machines; therefore, companies in different sectors are making efforts to produce and develop several mechanisms that can take the place of humans.

The introduction of computers in 1970 was the beginning of Artificial Intelligence, and it has helped in the development of other software companies. Artificial Intelligence is very relevant to different sectors of the economy. Industries ranging from manufacturing, energy, healthcare, industrial services, construction, defense and so on.

The Scope of Artificial Intelligence
The effect of AI (Artificial Intelligence) in the evolution of technology cannot be emphasized enough. Instead of manual reasoning and tasks, the use of machines will provide high-quality performance effortlessly. In the finance and economic sector, the introduction of AI has improved organizational development to a great extent; supporting their implementation, fraudulent activities have been pre-determined and avoided simultaneously. The use of unauthorized debit cards in the wake of fraud prevention is easy to detect with the use of machines powered by AI.

Automobile Industry
Improved production of automobiles in the automotive sector has contributed to the evolution of technology with the creation of self-driving cars, drones, and self-driving trucks that can perform enhanced services – this enhancement has contributed towards the establishment of different automobile companies producing different brands of technology.

Software Giants
Artificial Intelligence has introduced amazing capabilities to the generation of new trends and technology. Companies like Microsoft, Google, and Apple have new improved features and products that positively affect the evolution of technology. Apple introduced Siri and Google’s AI technology can predict medical possibilities. With the introduction of Search Engine Optimization by Google, search engines have also been equipped to help draw traffic to your business website.

Corporate Sector
The evolution of technology does not only involve the creation of new gadgets or technology, but it is also aimed at simplifying different algorithms which turn technology into skills. Different online apps related to advertising, social media, and networking can replace the manual interactions between individuals all over the world. Apps like Instagram, Linkedln, Path, Slack, and Keynote are technological apps that perform both business and corporate actions. Staying connected with others could not have been easier than it is now.

Healthcare
The impact of AI on the healthcare sector will be enormous; AI has been geared to provide X-ray readings and apps that can remind you to take your pills every day. Also, rather than using the human mind to reason and represent, AI has been put in place to do all types of logical reasoning.

Financial Institutions
Technology does not necessarily have to be physical; it can also tend to be abstract. Therefore, this abstraction could play in the financial sector. Artificial Intelligence is employed to detect fraud, improve customer representation, recognition and handle the needs of customers. Book-keeping is not done using human labor anymore; there are machines in place that calculate the daily transactions in every banking or financial system.

Entertainment
The entertainment sector has widely improved due to the availability and evolution of exciting technology. Video game consoles such as the Xbox and PlayStation have replaced old video games and further reduced the physical activity of people. Is this a good thing or a bad thing? It’s best for you to decide. Therefore, people sit in the comfort of their home to play soccer and still manage to get the satisfaction of physical activities. Is this psychological pleasure worth the effort? Well, yet another point to ponder on in the long run.

The Effects of Artificial Intelligence
The effect of AI in the evolution of technology will improve both customer and manufacturers’ experience and analytical marketing. Instead of individuals performing specific dangerous jobs, intelligent machines can be used to replicate manual efforts. With Artificial Intelligence in place, there is near 100% accuracy, efficiency, and error-free performance.

Artificial Intelligence has affected the evolution of technology in different sectors, and the world has experienced its magnanimous reality. It has been statistically proven that in years to come, AI will expand significantly and its impact will dramatically emerge within every norm of our society.

Also Read

The Future of Machine Learning
How Artificial Intelligence Transforming Finance Industry
Artificial Intelligence to Make DevOps More Effective

How will Artificial Intelligence Change the Evolution of Technology?

How will Artificial Intelligence Change the Evolution of Technology?

Artificial Intelligence and robotics have become the overnight sensations every company wants to lay their hands. With decades of building and scores of changes within their implementation, the two have almost come to be used interchangeably. As the application of Artificial Intelligence takes precedence over manual intervention, technology has become the thing of the future.

With repetitive tasks no longer seeing the light of day, Artificial Intelligence and Robotics are giving way to adaptive technology and intelligent applications. As Artificial Intelligence takes over the usual mundane chores, it will soon surpass human knowledge and make decisions we were never capable. In the coming years, this will result in paradigm shifts, which will only translate into better success rates for companies making use of these smart, evolving technologies.

With this said and done, it is difficult to overlook the fact that Microsoft and Oracle have already progressed on the path of smarter robotics, which has led to the development of cognitive, connected factories. At the same time, Artificial Intelligence-infused robots will aim at transforming industries with their innovative level of intelligence; this will further lead to enhanced areas of production in the fields of safety, service, transportation, and even habitation.

Artificial Intelligence and robotics have come a long way, and they are the promise towards ushering in a better tomorrow. Broadly speaking, these are technologies which work well within the domains of law enforcement, rescue operations, and many other fields. Slowly and steadily, these technologies will become an integral part of our lives, and become inseparable from our day to day jobs. What is yet to be seen is how these technologies can reduce the interdependency between humans and machines, and recreate the evolution for a better tomorrow.

The Growth Spurts Within the Artificial Intelligence Industry

The next four years will see a massive shift in the growth of Artificial Intelligence and robotics. Artificial Intelligence revenues are expected to grow by 20%, in 5 years (2015-2020). In the year 2015, the Artificial Intelligence industry was staggering at a revenue model of $5 billion. However, by 2020, this industry is likely to operate at a revenue model of $12.5 billion.

With the evolution of the Artificial Intelligence industry, software companies are rapidly taking up the evolution mantle and charging ahead at full throttle. This way, they can push the boundaries of automation and enhance the realms of social media. As the Artificial Intelligence industry continues to push forward, very soon Artificial Intelligence will begin powering automation in the automotive sector, thereby creating scores of jobs in business operations.

As an example, virtual assistants and chat-bots have already become widespread. Smart robots are slowly and steadily taking over the advice columns in the fields of finance, insurance, media, legal, and journalism; this has lead to a revolutionary change in the way information is processed and passed on, thereby plugging multiple gaps within the information processing cycles. Some other benefits within the Artificial Intelligence industry include, but are not limited to, progressing standalone R&D projects, reducing time to market products and services, optimizing supply chain networks, etc. While these are an ongoing series of services, they are going to be enhanced manifold in the many years to come.

Are We Going to be Replaced by Machines?

Hollywood movies have already projected the future of the human race in many films. With the launch of Artificial Intelligence and robotics, there is an excellent chance that all manual jobs will eventually be handled by robots and automation, which will lead to a massive shift in the unemployment cycle. Despite the fear of losing jobs, it is necessary to note that Artificial Intelligence will be aimed at reducing tasks, and not jobs.

At the same time, the fear of replacement is justified. Simply stated, technological unemployment and displacement is a result of technological progress. As companies begin to see the benefits of Artificial Intelligence and robotics within their growing operations, these technologies are rapidly becoming popular in the market. All unrest is put to ease when one concentrates on the fact that Artificial Intelligence as a technology is being used in niche industries, as development within this domain is yet to be funded and finalized. Despite the ongoing concerns, it’s important to note that everything is not black and white, and the grey areas are what needs to be seen as time progresses.

Also Read

How Artificial Intelligence Transforming Finance Industry
Artificial Intelligence to Make DevOps More Effective
How Big Data Is Changing the Financial Industry