What is Artificial Intelligence? Role, Significance, Advantages and Disadvantages - Creator Hub

What's AI?

Artificial Intelligence is the theory and development of computer programs that can solve problems like word translation, speech recognition, and decision making.

This type of intelligence was born in June 1965, when a group of scientists and mathematicians met at Dartmouth to discuss the possibility of creating a computer capable of thinking. The idea of creating an intelligent computer was dropped after several years. This type of intelligence was not much explored. It took a lot of effort to incorporate this technology into our everyday lives.



What's the role of AI?

As AI has become more popular, vendors have tried to make AI part of their products and/or services. However, there are some programming languages that can be used to create and train machine learning algorithms, like R, Python, and Java.

AI systems work by ingestion large quantities of labeled data. The chatbots then use the data to find patterns and correlations and then predict future states. A picture recognition tool can learn to recognize objects in images by analyzing millions of examples.

What's the significance of artificial intelligence?

AI is vital because it can give insight to businesses that they don't have before. AI can sometimes perform tasks better than humans in some cases. For example, AI tools can be used to analyze large volumes of legal documents to ensure that the correct fields are filled in. Many jobs can be completed quickly and with minimal errors.

This has led to a surge in efficiency and created new business opportunities. Uber is one of the most successful businesses in the world due to its ability to predict the times people will need rides in certain areas. This allows drivers to be proactive and get on the roads sooner than they need. It uses machine learning and other technologies to understand how users use the services. The company's CEO Sundar Pichai declared that Google would become an "AI-first company" in 2017.

AI has been used by some of the largest and most successful companies to improve their operations and gain an advantage over their competitors.

What are some of the advantages and drawbacks of artificial intelligence?

Artificial neural networks and deep learning are quickly evolving. This is due to the speed at which AI processes large amounts of data and can make more accurate predictions than humans.

Human researchers would be overwhelmed by the sheer volume of data generated each day. Machine Learning is an AI application that can quickly turn that data into useful information.

Advantages

  • Good at detail-oriented jobs;
  • Data-heavy tasks are easier to complete
  • Consistent results
  • Virtual agents powered by artificial intelligence can be accessed at any time.

Disadvantages

  • Expensive;
  • Requires deep technical expertise;
  • It is rare that skilled workers are available to build AI tools.
  • It is impossible to know what was shown.
  • Incapacity to transfer knowledge between tasks.

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