Advantages and Disadvantages of Artificial Intelligence [AI]

With all the hype around Artificial Intelligence – robots, self-driving cars, etc. – it can be easy to assume that AI doesn’t impact our everyday lives. In reality, most of us encounter Artificial Intelligence in some way or the other almost every single day. From the moment you wake up to check your smartphone to watching another Netflix recommended movie, AI has quickly made its way into our everyday lives. According to a study by Statista, the global AI market is set to grow up to 54 percent every single year. But what exactly is AI? Will it really serve good to mankind in the future? Well, there are tons of advantages and disadvantages of Artificial Intelligence which we’ll discuss in this article. But before we jump into the pros and cons of AI, let us take a quick glance over what is AI.

What is Artificial Intelligence?

Before we jump on to the advantages and disadvantages of Artificial Intelligence, let us understand what is AI in the first place. From a birds eye view, AI provides a computer program the ability to think and learn on its own. It is a simulation of human intelligence (hence, artificial) into machines to do things that we would normally rely on humans. This technological marvel extends beyond mere automation, incorporating a broad spectrum of AI skills – abilities that enable machines to understand, reason, learn, and interact in a human-like manner. There are three main types of AI based on its capabilities – weak AI, strong AI, and super AI.

• Weak AI – Focuses on one task and cannot perform beyond its limitations (common in our daily lives)
• Strong AI – Can understand and learn any intellectual task that a human being can (researchers are striving to reach strong AI)
• Super AI – Surpasses human intelligence and can perform any task better than a human (still a concept)

Here’s a quick video to help you understand what artificial intelligence is and understand its advantages and disadvantages. https://www.youtube.com/embed/uMzUB89uSxU

Advantages and Disadvantages of Artificial Intelligence

An artificial intelligence program is a program that is capable of learning and thinking. It is possible to consider anything to be artificial intelligence if it consists of a program performing a task that we would normally assume a human would perform.

While artificial intelligence has many benefits, there are also drawbacks. The benefits of AI include efficiency through task automation, data analysis for informed decisions, assistance in medical diagnosis, and the advancement of autonomous vehicles. The drawbacks of AI include job displacement, ethical concerns about bias and privacy, security risks from hacking, a lack of human-like creativity and empathy.

Let’s begin with the advantages of artificial intelligence.

Also Read: Best AI and Machine Learning Courses

10 Benefits of Artificial Intelligence

1. Reduction in Human Error

One of the biggest benefits of Artificial Intelligence is that it can significantly reduce errors and increase accuracy and precision. The decisions taken by AI in every step is decided by information previously gathered and a certain set of algorithms. When programmed properly, these errors can be reduced to null. 

Example:

An example of the reduction in human error through AI is the use of robotic surgery systems, which can perform complex procedures with precision and accuracy, reducing the risk of human error and improving patient safety in healthcare.

2. Zero Risks

Another big benefit of AI is that humans can overcome many risks by letting AI robots do them for us. Whether it be defusing a bomb, going to space, exploring the deepest parts of oceans, machines with metal bodies are resistant in nature and can survive unfriendly atmospheres. Moreover, they can provide accurate work with greater responsibility and not wear out easily.

Example:

One example of zero risks is a fully automated production line in a manufacturing facility. Robots perform all tasks, eliminating the risk of human error and injury in hazardous environments.

3. 24×7 Availability

There are many studies that show humans are productive only about 3 to 4 hours in a day. Humans also need breaks and time offs to balance their work life and personal life. But AI can work endlessly without breaks. They think much faster than humans and perform multiple tasks at a time with accurate results. They can even handle tedious repetitive jobs easily with the help of AI algorithms. 

Example:

An example of this is online customer support chatbots, which can provide instant assistance to customers anytime, anywhere. Using AI and natural language processing, chatbots can answer common questions, resolve issues, and escalate complex problems to human agents, ensuring seamless customer service around the clock.

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4. Digital Assistance

Some of the most technologically advanced companies engage with users using digital assistants, which eliminates the need for human personnel. Many websites utilize digital assistants to deliver user-requested content. We can discuss our search with them in conversation. Some chatbots are built in a way that makes it difficult to tell whether we are conversing with a human or a chatbot.

Example:

We all know that businesses have a customer service crew that must address the doubts and concerns of the patrons. Businesses can create a chatbot or voice bot that can answer all of their clients’ questions using AI.

Related Reading: Top Digital Marketing Trends

5. New Inventions

In practically every field, AI is the driving force behind numerous innovations that will aid humans in resolving the majority of challenging issues.

For instance, recent advances in AI-based technologies have allowed doctors to detect breast cancer in a woman at an earlier stage.

Example:

Another example of new inventions is self-driving cars, which use a combination of cameras, sensors, and AI algorithms to navigate roads and traffic without human intervention. Self-driving cars have the potential to improve road safety, reduce traffic congestion, and increase accessibility for people with disabilities or limited mobility. They are being developed by various companies, including Tesla, Google, and Uber, and are expected to revolutionize transportation.

6. Unbiased Decisions

Human beings are driven by emotions, whether we like it or not. AI on the other hand, is devoid of emotions and highly practical and rational in its approach. A huge advantage of Artificial Intelligence is that it doesn’t have any biased views, which ensures more accurate decision-making.

Example:

An example of this is AI-powered recruitment systems that screen job applicants based on skills and qualifications rather than demographics. This helps eliminate bias in the hiring process, leading to an inclusive and more diverse workforce.