• December 1, 2022

Artificial intelligence and the economy in the 21st century

Artificial intelligence is a driving business force in this rapidly changing 21st century. AI is no longer an implausible futuristic vision, but a stark reality that is impacting businesses around the world. In the 21st century, companies are being forced to rethink traditional market approaches and focus more on services to stay relevant. Organizations like Uber and air are perfect examples of 21st century companies. On-demand application, always on technology that drives agility, simplicity, flexibility and lean operators with the customer experience at the center of their actions allowed organizations large or small to reap the benefits of artificial intelligence (A1) to have success. in the 21st century. Companies are gradually adopting A1 and it is increasingly influencing all aspects of business, especially consumer technology.

According to IDC, the global market for cognitive systems, content analytics, and discovery software is expected to accelerate through 2020. As a result, there is speculation about the increasing role of AI and whether that could negatively affect the job market. automation is not to replace humans or dehumanization, but to enhance and augment human functions to improve productivity and efficiency.

The main key benefits of artificial intelligence are listed below:

1. Agility Orchestration: By harnessing the power of service integration and developments, you can create an agile, experience-driven business, with programmable infrastructure, application releases, and catalog-based services.

2. Simplicity of autonomy: Artificial and predictive analytics will self-heal, self-service and proactive support, while minimizing waste and establishing elasticity. This will simplify the operation of the business system and allow the top workforce to handle higher level tasks.

3. Be lean through automation – Automating repetitive tasks will result in waste reduction, workforce optimization, and point of efficiency and improvements.

Despite the above disadvantages of AI, it will be several decades before AI truly replaces human intelligence. The horror scenarios of AI entities taking over the planet and killing the human race are still the stuff of science fiction. Although several futurologists predict the possibility of transferring the human mind to the body of a robot to seek immortality in 2050.

The combination of AI and nanotechnology will also lead to technological advances in the fields of medicine, energy and production systems. The combination of AI and nanotechnology applied in solar panels will cause the price of renewable energy sources to fall drastically from 2025.

The question that plagues many is related to the horror scenarios where AI killer robots start hunting humans to kill them. These settings have become popular thanks to blockbuster Hollywood movies like Terminator. Although AI will be beneficial to the human race, it must be controlled. Without the proper control mechanisms and protocols, AI robots could become hostile, although this is a highly unlikely scenario. According to Michio Kaku, AI robots will be truly beneficial to the human race. However, in the long term, AI robots need to be controlled with various built-in mechanisms to prevent them from becoming too independent and autonomous and becoming hostile towards humans as a possible real future scenario.

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