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The Pros and Cons of AI

From being one of the most intriguing topics in popular culture, artificial intelligence has slowly become a reality in our everyday lives. It arouses excitement, curiosity, revulsion, or dread. Whether you're a techno-optimist or a technophobe, one thing's for sure: AI is here to stay. However, like any other technological innovation, AI has its pros and cons. Learning all you can about its benefits and drawbacks can help you make the most out of AI.
Daniel Zacharias

Code Power Team

November 21, 2023

What is AI and how does it work?

Although there’s no general consensus on a single definition, artificial intelligence refers to any computer system that mimics natural human intelligence to perform a specific task.

Simply put, machines are programmed to learn and think like humans and mimic their actions. Any machine that exhibits traits associated with the human mind, such as learning and problem-solving, falls under the term AI.

AI-based systems include photo analysis software, internet search engines, speech and facial recognition systems, spam-checking bots, virtual assistants, advanced robots, autonomous vehicles, or drones.

How does AI work?

For AI, it all starts with setting a particular goal. Then it trains on available data to learn how to best achieve the given goal. When this is accomplished, the AI can then proceed on its own, without human intervention.

It uses what it learns to improve, to get smarter and smarter.

To achieve its goals, AI uses technologies such as machine learning, deep learning, natural language processing, expert systems, and robotics.

Pros of AI

AI has great potential and uses in people’s daily lives. Its numerous benefits can profoundly transform sectors or industries, now or in the future.

Human error elimination

For many reasons, humans can make mistakes. However, if programmed properly, computers avoid the same mistakes.

AI can produce consistent results, increasing the accuracy and precision of any task. Also, fewer errors mean less time and resources needed to correct the error.

Faster decision making

AI is fast and accurate when analyzing huge amounts of data. Discovering patterns and trends in data that may be easy for humans to miss is a piece of cake for AI. Also, it’s able to provide valuable insights.

This is a huge help for businesses to make well-informed decisions and gain a competitive advantage.

24/7 availability

AI doesn’t need a break, sick days, or leave. It knows no fatigue or boredom. The complete opposite of the human body and mind.

AI-powered systems such as chatbots are available at all times. Thus, it has a huge impact on better user experience and increased company productivity.

Reduced risks

This is one of the best advantages of artificial intelligence. AI-powered machines can successfully replace humans in professions dangerous to people’s health and lives.

Thanks to AI, hazardous tasks such as mining coal, defusing bombs, or disposing of radioactive waste can now be performed without risking human life. Also, AI robots can be useful in exploring places beyond human reach, such as volcanoes, deep oceans, or outer space.

Automation

Performing repetitive business tasks is not only time-consuming, but can reduce employee productivity over time.

With the help of artificial intelligence, the interaction between different business systems can be automated, and the tedious work can be made easier for employees.

Help with research and data analysis

AI can help create predictive models and understand potential outcomes by analyzing large amounts of data.

This means that it can provide great help in, for example, the field of medical diagnosis and treatment.

Digital assistance

This is another great advantage of artificial intelligence that businesses, individuals, and people with disabilities can benefit from.

Chatbots have already proven how useful they can be in interacting with customers. Also, they facilitate access to information.

Thanks to artificial intelligence, applications like Seeing AI or Microsoft Translator enable people with disabilities to have a better quality of life.

Innovation

AI is accelerating innovation in almost every field, be it healthcare, transportation, technology, education, the research industry, or sports.

By using advanced technologies based on artificial intelligence, it’s possible to improve traffic management, develop new drugs and treatments, personalize education, or predict cancer at a very early stage.

Cons of AI

Although artificial intelligence offers significant advantages, it has some disadvantages and even causes concern.

High costs

AI is an expensive investment. The setup requires an AI framework and the appropriate and latest hardware and software. AI also needs updates, repairing, and maintenance. Don’t forget the cost of staff training.

As you can see, it’s no surprise that AI is pricey.

Unemployment

One of the most serious concerns about AI is that it’ll put millions of people out of work. It’s highly likely that many, if not most, traditional jobs will disappear due to artificial intelligence over time. On the other hand, artificial intelligence is predicted to create new jobs, only different ones.

What impact artificial intelligence will have on employment remains to be seen.

Human dependency and laziness

Overreliance on AI assistance can lead to laziness, dependence on machines, and a decline in critical thinking abilities.

If humans rely too much on artificial intelligence, there’s a chance that they’ll lose the ability to make their own decisions or judgments, solve problems, and adapt to changing circumstances.

Lack of creativity

One of the biggest drawbacks of AI is its inability to think outside the box. It’s a technology that is completely dependent on pre-loaded data.

Although artificial intelligence can learn and improve over time, human creativity is still far beyond its reach.

Ethics and bias

The objectivity of artificial intelligence depends on the data it was trained on. If the data contains biases, intentionally or accidentally, AI will reflect those biases. As a result, it can produce discrimination and unfair treatment of certain groups.

As artificial intelligence becomes more powerful, so does the potential for misuse or abuse. Because of its inability to incorporate ethics, it could be used to develop autonomous weapons, deepfakes, or threaten human privacy and freedom.

The question of the ethics and morality of AI has already sparked discussions around the world.

Security

AI isn’t immune to hacking and cyberattacks. Also, if the precautions during data processing are insufficient, this data may be misused.

A compromised AI system can have severe consequences on both businesses and people.

On the one hand, AI is used for various purposes. On the other hand, it is constantly evolving. This may require constant changes in the law, so its regulation represents a challenge.

Future with AI

AI is an integral part of our everyday life. It facilitates and improves people’s lives and has the potential to respond to social needs. But it also brings new challenges and risks.

AI has the potential even to achieve what is currently in the realm of science fiction. As long as we focus on responsible and ethical development, AI can be our greatest asset for creating a better world and future for generations to come.

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