Artificial intelligence is on the tip of everyone's tongue in the technological world. I have noticed that artificial intelligence is gaining increasing importance and appearing to be the most demanded domain of expertise even for job seekers in different markets. AI is not restricted to scientific fantasies or making robots for the assistance of humans rather we are experiencing AI in our daily lives.
In reality, AI is working all around us which is impacting the lives of every individual. From the accessibility to Facebook to the search history to the online shopping or dating platforms AI has indulged immensely in our lives. In the last four years, the use of AI in the different sectors of business has grown by 270% penetrating every business and affecting all the individuals of the world who are connected with technology (Livingston, 2022).
Experts believe that the increasing artificial intelligence will be making people better off over the next decade better. Artificial intelligence works on the amplification of the effectiveness and intelligence of humans. Yet there is a major threat to human autonomy, agency, and capabilities of the human. Computers in the modern age are matching and even exceeding human intelligence and competencies on the tasks to carry out complex decisions along with reasoning and learning among individuals.
Figure 1: Integrating humans and AI
Well, I believe that Artificial intelligence is essential these days as it is forming the foundation of computer learning. With the help of Artificial Intelligence, there is the harnessing of a massive level of data which is used in learning the intelligence to make informed decisions along with discoveries in simple fractions of time. AI has a strong promising future. According to the research conducted by scientists at the University of Oxford Artificial Intelligence will be better than humans in the translation of languages by 2024.
AI will be writing school essays by 2026, selling different types of goods by 2031 and the technology will also be writing a bestselling book by 2049. The technology will be advanced to an extent in the future that it will be conducting surgeries by the year 2053. One of the Oracle and venture capitalist Dr. Kai-Fu Lee stated that AI will be transforming the world more than done by anything in the history of mankind (Ashley, 2022). Even it will do changes even more than done by electricity.
AI will be transforming lives in the future but the beginning of the transformation has already been stated. Even in the present time, there is the availability of some super excellent robots performing quality work at different businesses. However, in the coming years, it is believed that there will be no survival of humans without artificial intelligence. The next few years will be the time when hotel rooms will be opening with the facial recognition tool.
Facial recognition will also be used for easier and more effective transactions of the business. The face of the individual will likely become a model for all his transactions. Similarly, the delivery of food and goods will be made with the help of drone services which will be delivering the orders in a few minutes (Livingston, 2022). Robots will e taking the orders of the customers and even in the booking of the appointments. Seeking the importance of artificial intelligence, the big companies are in the race of implementing artificial intelligence in their daily lives which is going to give some exciting future to artificial intelligence.
Figure 2: Humans and AI working together (Ashley, 2022)
Artificial intelligence anticipates reaching around $300 billion by the end of the year 2030 (Ashley, 2022). In the next decade, artificial intelligence will be used for the reduction of costs and in increasing productivity in the banking field. One of the most anticipated and game-changing elements in the banking sector as they will e presenting a spacious time for wealth managers and the customers.
