Society is rapidly changing due to technological advancements, and Artificial Intelligence has a significant impact on the world (AI). AI technology can now speak many languages, diagnose ailments, imitate human speech, generate competitive intelligence, and even beat humans in games. Machine learning and artificial intelligence are progressing at a rate that few expected. It isn’t easy to envision the enormous influence AI will have on the world we live in for 50 years.
AI is undeniably changing the workplace and many of the products and services produced by dozens of businesses. While AI has the potential to tackle a wide range of issues in society, it is not without risks.
Some industries are only beginning to look at how AI may help them enhance their operations, while others are well on their way. Tech behemoths like Google, Apple, and Amazon invest billions in matching the demand for intellectually upgraded products and services among their users. Many of us are familiar with Alexa, Siri, and Cortana. We rely on their intelligence for daily chores such as checking the weather, updating an online calendar, and asking for directions. Aside from making our daily lives a little easier, artificial intelligence is causing a stir in society, particularly productivity.
Artificial intelligence’s future in the workplace is unavoidable. Dr Kai-Fu Lee, a venture capitalist and AI expert, thinks that robots doing automated tasks would replace 40% of occupations worldwide in the next 10-15 years. He believes that machine learning will impact every business but that the transportation industry will be the most substantial and immediate.
Whether a business is just beginning to explore AI technology or has long been at the forefront of technical development, society has a long way to go. However, AI’s involvement in our daily life is perhaps more ubiquitous than most people realize. Let’s have a look:
Manufacturing is already thriving thanks to AI technology, and AI-powered robots may be able to replace people in the future effortlessly. At the moment, these robots assist humans in tasks like assembling and carrying and stacking large or cumbersome objects. These non-human employees enhance productivity and reduce labour expenses and enhance work safety conditions for humans. Large-scale manufacturing corporations such as GE, Bosch, Intel, Microsoft, and Siemens use AI in their operations.
With the help of artificial intelligence, textbooks are being digitized, allowing for more extensive distribution of helpful learning resources at a lower cost. Students can work at their speed and enjoy tailored learning experiences with virtual tutoring and online universities. Virtual tutors can help human instructors by reading facial cues and even gauging students’ emotions. This allows educators to understand better how to improve the learning experience or provide more assistance to students with difficulty.
Language creation algorithms, which use AI to combine and turn vast amounts of data into readable articles and news stories, are powered by AI. This condensed information is automatically disseminated, roughly quadrupling the content available in recent years.
Across all industries, AI implementation saves time and money. While this is a win for any company, it is especially advantageous in the healthcare industry, where patient care is frequently time-sensitive. AI technology is still relatively new to the healthcare industry. Still, it is already identifying diseases fast and accurately and speeding up drug research and development. Virtual nurses can keep track of patients and generate personalized treatment programmes quickly. AI’s powers are nothing short of astounding regarding neurological problems.
AI powered chatbots, call centres, incentive programmes, and personalized streaming recommendations. Big data is a valuable tool in sales, marketing, and customer service since it can forecast demand.
While artificial intelligence can significantly improve workplace efficiencies and overall production, there is a limit. Human people will always be required for tasks requiring great empathy, judgement, creativity, and compassion. These people can also spend time coordinating internal human resources to get things done. When non-humans are used to conducting monotonous and potentially risky studies, humans may focus on providing more profound research and tying their findings to commercial impact.
People may develop a new appreciation for their profession due to not having to worry about driving to work (hi, computerized travel choices) or doing menial, uninteresting duties, and overall workplace happiness may grow. Nonetheless, we must evaluate how genuine and legitimate workforce transformations and job security uncertainties are workforce concerns.
AI will have a profound impact on society in all parts of our existence, including economics, politics, and law, to mention a few. What if AI fails to execute the job it was created to do, or if someone is injured unintentionally? Who is to blame? Data power the algorithms that develop artificial intelligence. Personal privacy may be jeopardized due to all of this data collection.
One source of anxiety about such a massive transformation is that robots would one day evolve to become super-intelligent and take control of many of our operating systems. The purpose of AI is to benefit society in quantifiable ways. Still, we must keep in mind that while this is the primary goal, there may be some growing pains.
Artificial intelligence and brain intelligence are in a precarious balance. AI excels in automating repetitive processes and carrying out actions based on pre-programmed models. Humans thrive in professions that involve prior experience and the ability to put a situation into context. The Wide Narrow platform combines those capabilities by bringing context to the research while allowing AI to execute jobs that save you time and give you the ability to perform more in-depth analysis based on your experience within your company. Here are some examples of AI influencing within the Wide Narrow platform.
Information Noise Reduction
We use artificial intelligence to determine what types of material you enjoy the most. Then we may use specialized filters to assist filter out the irrelevant data. However, we use AI so that we don’t introduce too much prejudice. Wide Narrow allows you to find the most relevant information and outliers (things that aren’t in your trained AI filtering model), so you’re aware of potentially essential bits of data that aren’t in your primary area of interest. However, this information could have a significant impact on your company.
Our AI can learn your information tagging patterns and assist you in categorizing data more quickly. This improves over time and saves a lot of effort in the long run regarding content categorization.
Summarization Can Help You Save Time
Wide Narrow uses AI to assist in summarising significant bits of knowledge into easily digestible facts. This technology enables you to quickly summarise understanding to spend more time putting it into context and determining how it affects your organization. We make every effort to provide you with the complete text of the information so that you can save time while also learning more.
Technology improvements and the growth of digital information entail a larger and more complex pool of data for competitive intelligence teams. Traditional search options and keyword monitoring aren’t adequate to establish industry-leading strategies for competitive intelligence. In recent years, machine learning technology has evolved to include processing large volumes of data, filtering out information noise, and providing analysts with tools to create relevant contextual analysis.
Your team can save time and streamline processes by using the power of a Wide Narrow AI-powered platform. You can also link your data sources or use our information services to receive better information with less noise by leveraging the power of Wide Narrow AI-powered platforms. You’ll have dashboards, newsletters, email alerts, reports, benchmarks, and battle cards for all of your stakeholders with a personalized insights hub. Contact us to set up a demo and see how we can assist you in making the best decisions for your company.