Artificial Intelligence, also known as Artificial General Intelligence, is a simulation that mimics human intelligence through programmes and machines has been gaining momentum in recent years as over 37% of businesses and organizations across the globe conduct their operations through AI. Over 9/10 of leading businesses have investments in AI technologies.
Many have heavily argued the use of AI in businesses. Popular AI Companies such as IBM, Google (Google Books and Google Home) and Amazon have already gained leadership positions in the field of AI and Information Technology. Some strongly believe this technology can take away jobs from humans, and will have few options to earn their livelihood. Others, presumably, tech-savvy people, see this digital transformation as a win-win situation as they believe this will only create new job opportunities and further boost the business’s profitability and growth of the economy.
This article can help you reconsider your otherwise made-up point of view about AI and why exactly it hampers/facilitates the world’s human development and economic growth.
AI in a Positive Light
The initial introduction of AI brought in a lot of criticisms among the working population as they were sure this will take away their jobs and they will have fewer opportunities to rely upon to earn a livelihood. However, the thought of AI in education was somewhat shunned. However, a lot of them started to claim that AI jobs can surprisingly have many positive benefits; let’s take a look at them:
- Lesser Human Errors:
As working people, we are aware of human capabilities and how a single human error can sometimes cost a company millions or thousands. Depending on the magnitude of the error can risk your job safety net. To prevent those losses, the company can use AI as digital advances because it will retain the jobs of other personnel if the error causes a huge revenue loss.
- Flexible AI Tools:
Tools can be designed with special capabilities in the form of a software programme to undertake any task under an extreme environment, including doing the financials or handling marketing-related work through AI Marketing.
- Increased Workplace Productivity:
Robots can greatly help the human workforce by undertaking tasks that hinder productivity. Robots and AI-powered tools can be programmed to handle repetitive and tedious tasks, and human employees can focus on more complex work. With the AI tools of appointment in advance, employees can schedule their meetings in advance.
- Enhance Customer Satisfaction
Customer satisfaction is another vital factor determining the enterprise’s success in the competitive market. Many organizations use AI tools to provide better public services to their customers and keep them happy. The AI Personal assistant supports the support teams to resolve the complaints on time.
- Employee Training
Employees used to traditional workplaces can find it challenging to adapt to the changes in an AI workplace. Training existing employees can be cost-intensive for the business. One way to cover this challenge is to analyze the employees’ capabilities and create separate training modules based on their strengths and weaknesses.
While it can still be expensive, this method increases the chances of success as capable employees will be trained for the right jobs. It will deliver results in the long term.
AI question generation solutions like mVerve can be used to create assessments or quizzes to gauge the employees’ learning from the training. It is cost-effective and easy to use. Add your content to the dashboard and click on ‘Generate Questions’. The machine learning model will generate many questions and categorize them as well.
Take a look at what Jeff Bezos has to say about Artificial Intelligence’s impact on businesses and how it will improve the productivity of organizations across the globe
AI- A Disaster to the Human Race?
After reading the advantages above, you might have immediately considered adopting or adapting to Artificial Intelligence Jobs. However, it is important to take note of potential disadvantages while considering time and human development related aspects:
- Lack of Creativity and Emotions: AI doesn’t have the ability to make any prudent decisions but to only make optimal decisions based on the parameters with which it has been provided, regardless of the emotional impact due to a lack of emotional intelligence in them.
- Degradation: AI-powered tools can not be guaranteed to be used in the long run as machines generally tend to degrade over time.
- Reduced Job Opportunities: As more and more companies adopt AI, it will decrease the availability of jobs. Although many reports show that AI will likely create a large number of new jobs, then you may run into the problem of having to train people for these new jobs or leaving workers behind with the growth in technology.
Artificial Intelligence is bound to create an emerging AI revolution, and the world may be in dire need of re-adjustments so that it can balance out the number of AI admirers and criticizers to prepare for the ever increasing growth of AI-Powered tools in the workplace. It is and will always be imminent to have a knack for human compassion and empathy. At the same time, we progress towards creating a valuable asset in the future workplace, and jobs emphasizing creativity and education remain vital to our society.
As per Gartner, “80% of executives think automation can be applied to any business decision. One-third of organizations are applying AI across several business units. On average, 54% of AI projects make it from pilot to production.” [1]
As per the ethical considerations, whatever reason you choose for considering/not considering AI, the fact remains imminent that this emerging technology can change the way a business operates. Since a digitally driven future lies ahead of us, you can leverage and incorporate your business enterprise with AI with the help of mVerve’s IT solutions, as we utilize technologies that are more AI-conscious and are always identifying ways to use AI to gain a competitive advantage and recognize the age of artificial intelligence in an ever-changing digital world.
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Our AI subject-matter experts are dedicated to helping businesses harness the power of this technology to improve efficiency, streamline processes, and drive innovation. Whether you need to build custom AI models, integrate AI or digital assistants into your existing systems, or learn more about how this technology can benefit your company, mVerve has you covered.
Don’t miss out on the opportunity to stay ahead of the curve and leverage the full potential of AI. Contact mVerve today to learn more about our AI Development services and start your journey towards a smarter future.
