The Business of Artificial Intelligence

What do automated tasks mean for businesses? This means that machines are able to perform some tasks better than humans.

The future is artificial intelligence. According to techopedia, artificial intelligence is defined as “an area of computer science that emphasizes the creation of intelligent machines that work and act like humans”.

An important distinction to be made is that machine learning today differs from machine learning 50 years ago. Up until now, according to Harvard Business Review, people have coded knowledge into machines. Now, people are creating machines that will learn to fix their own mistakes and are not programmed to perform a specific task. This gives machines the ability to actively problem-solve, as opposed to passively execute.

From the stock market to healthcare, robots are revolutionizing a myriad of industries.

IBM has created a robot called Watson, which works to reduce risk by comprehending data and enrich interactions between companies and their consumers. In the field of radiology, Watson will analyze x-rays of patients to make a diagnosis based on patterns in digital data. This technology will aid radiologists in making informed decisions about the diagnosis of their patients.

RSNA also reported a study in August 2017 that tested the proficiency of deep convolutional neural networks, artificial intelligence that detects patterns in images. The study was used to see if artificial intelligence was better at recognizing tuberculosis compared to a radiologist, and it concluded that the robot was actually better at recognizing patterns in tuberculosis.

While artificial intelligence is certainly advantageous, doctors, among other employees, are worried that this technology will eventually replace humans. Artificial intelligence has already taken the manufacturing industry by storm, but not have a presence in other sectors, especially if it is cheaper for producers?

Founder of Transcendent Designs Brent Morgan argues that robots do not possess “human finesse.” He believes that these robots do not have the ability to think and engage with work like a human can. For the upcoming generation, artificial intelligence will have tremendous impacts on their careers. Morgan’s claim shows only how much closer robots and the rising generation will be working alongside one another to accomplish tasks in the workforce.

Forbes believes that artificial intelligence even has a place in the classroom by presenting students with multidimensional programs that can enrich students’ learning experiences, filtering content that is relevant to their courses, and recognizing patterns in students’ learning abilities.

Institutions should educate college students about the prevalence of machine learning and the impact of artificial intelligence for the future, as it is already infiltrating their everyday lives. Princeton University’s certificate in Statistics and Machine Learning was introduced in 2014 to introduce students to modern data science and how they can be prepared to apply this knowledge to big-data problems. Through this certificate, the Statistics and Machine Learning Center strives to support their students interested in data science while preaching innovative methods to extract data from research.

Using Apple’s Siri to call a contact for us or asking Amazon’s Alexa for her fashion advice is not enough. Forbes also published an article in 2016 called “The House That Learns: Bringing Artificial Intelligence Into The Home”, which analyzes the prototype AI Home. This device recognizes who walks in and out of a room and even responds to gestures and voices. The impact of AI Home is fascinating but also negates the purpose of a home: to bask in privacy, comfort, and reflection. In addition, this technology also comes with a price of 750 euros per device. 

Ultimately, these robots are becoming superhumans. Their presence is unavoidable.