Artificial Intelligence has its pluses and minuses, much like any other concept or innovation. Here’s a quick rundown of some pros and cons.
Pros
1. Helps in Repetitive Jobs
Unlike humans, machines do not require breaks to recover from tiredness and boost productivity. There are many day-to-day tasks accomplished by a human, which are repetitive. The efficiency of a human reduces while continuously performing the same job. Moreover, it is a fact that a human worker can be productive only for 8–10 hours per day.
On the other hand, AI-based machines help perform repetitive tasks for a long time without any slowdown. Artificial Intelligence helps operate the machines for an indefinite time, without lacking productivity.
2. Right Decision Making
One of the advantages of Artificial Intelligence is its ability to make the right decision. There are no emotions attached to the AI-based machines that help prevent hampering efficiency. The machines that are built using Artificial Intelligence are capable of making logical decisions as well. A human would examine a situation by considering many factors. These factors may influence the decision emotionally or practically. However, the machines give accurate results as they are programmed to make logical decisions. AI-powered machines use cognitive computing that helps them make practical decisions in real-time.
3. Error-free Processing
The execution of tasks by humans is more prone to make errors. We often make mistakes while doing a specific task. This might be 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 to carry out the task.
4. 24/7 Availability
An average worker can only invest his/her services for 7–8 hours per day. Humans need time to refresh themselves, and they need to maintain a work-life balance. They cannot work 24 hours a day.
Here, Artificial Intelligence helps provide 24/7 services to an organization. In another scenario, AI-based chatbots used by customer service applications can handle multiple queries at a time, round-the-clock. AI can provide services without any delay or lack of efficiency. Nowadays, every eCommerce application, e-learning website, healthcare sector, educational institute, etc. uses Artificial Intelligence for support chat. This helps in enhancing customer services.
5. Digital Assistance
Another advantage of AI is digital assistance. AI-powered applications also provide digital assistance. Today, most organizations make use of digital assistants to perform automated tasks. This helps save human resources. There are digital assistants that can program to make a website for us. The use of digital assistants has revolutionized the healthcare industry as well. Now, doctors can look after their patients from remote locations with the help of digital assistants that provide real-time data of patients.
6. Faster Decision-Making
One of the reasons AI is known to make unbiased decisions is because it has no emotions. AI, along with other technologies, can make decisions faster than human beings and carry out actions rapidly. While making decisions, we need to analyze a lot of factors that may take time, but AI can review all the relevant aspects much faster than a human. This helps businesses develop an edge over their competitors as AI provides them with enough time to make better decisions.
It is no brainer that AI is powering several inventions across the globe that will help humans solve complex problems. For example, doctors, recently, leveraged the prowess of AI-based technologies to predict breast cancer during earlier stages.
7. Implementing AI in Risky Situations
Human safety is taken care of by machines. Safety is vulnerable and with machines that are fitted with predefined algorithms, this can be used. Scientists use complex machines to study the ocean floor where human survival becomes difficult.
8. New Inventions
It is no brainer that AI is powering several inventions across the globe that will help humans solve complex problems. For example, doctors, recently, leveraged the prowess of AI-based technologies to predict breast cancer during earlier stages.
Cons
1. High Cost
It’s true that AI comes with a high cost, but there is no such thing as a free lunch too. It requires huge costs as it is a complex machine. Apart from the installation cost, its repair and maintenance also require huge costs. The software programs need frequent up gradation and cater to the needs of the changing environment.
Also, if there is a breakdown, the cost of procurement is very high. With that, recovery requires a huge amount of time too very high. However, in the future, the cost of developing machines using AI may reduce due to the invention of advanced tools that will help create them easily.
2. Increased Unemployment
Artificial Intelligence will create jobs, as well as may leave some people unemployed. This is one of the major cons of Artificial Intelligence. It will create jobs for people, who are skilled in technologies but will replace low-skilled jobs. Sectors, including the manufacturing industry, have started employing AI-powered machines for manufacturing products. As AI-based machines can work 24/7, industries would prefer to invest in Artificial Intelligence rather than employing humans.
3. Lacking Creativity
Machines cannot become as creative as humans. Artificial Intelligence can provide functionalities to learn from data but cannot make the machines mimic the exact human brain and skills. The accuracy of the results from 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.
4. Lacking Improvement
AI algorithms are designed in such a way that they allow machines to learn by themselves by exploring data. Then, the machines try to improve by learning. But, any redundancy in the data may cause failures in learning, and the machines may show unpredictable results. Then, the algorithms need to be readjusted for the new set of data or learned to adapt to 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 cause great losses.
5. No Human Replication
Humans have created machines to save their time and effort from doing non-essential repetitive tasks. AI-powered machines work on algorithms, mathematical computing, and cognitive technologies. They can become highly advanced but cannot act or think like a human. Machines are considered intelligent, but they lack judgmental power as they are not aware of ethics, morals, the right, or the wrong. The machines will break down or give unpredictable results if they find a condition for which they are not programmed. Hence, if we try to implement AI in places that require strong judgmental ability, then it would be a great failure.
Recent Comments