Artificial Intelligence (AI) is something that we hear about a lot more on the news and in business magazines. It appears to be becoming a more implementation in the workplace, and the constant advances are cause for excitement when it comes to the future of productivity in the workplace. However, is AI really the next big thing, and what is it anyway?
What is Artificial Intelligence?
The artificial intelligence we currently refer to is not the same as the definition it is based on. True artificial intelligence has its own form of artificial consciousness, allowing it to think for itself and perform human interactions seamlessly. It has the ability to learn language and make decisions, among other tasks that tend to require human intelligence.
Some of these things have been achieved, and others are a long way off. Artificial consciousness has not yet been developed, and we probably won’t see that for some time. However, machines that can learn do exist, and it is possible for them to learn basic commands, recognise voices, and even learn language.
How it Impacts the Workplace
AI has already made its way into several sectors of the workplace, and there are many others areas where the technology is still being developed and worked on. One of the places it has recently been introduced to is the job search market.
In order to make things easier for companies and managers, it is possible for a company to place a job description online, detailing the skills required and hours (among other things). Following this, the AI will crunch data that it has collected from a number of sources to filter through potential candidates and find ones that match the description. It can even find people who may not have ever thought of applying for the company, and people the company may never have considered.
In the medical field, AI is being developed to assist doctors with the decision-making process regarding patients. The machines will be able to process information faster and account for any potential anomalies before decisions regarding treatment are made. It will also be able to read medical literature and learn it, making it an excellent reference tool. Machines that ensure patients take their medication are also being developed.
In the finance industry, artificial intelligence is used for fraud detection in banking. The technology is able to detect subtle cues in transactions that could be cause for concern, helping banks to discover fraud, money laundering, and also increasing their security.
Is it the Next Big Thing?
There is no easy answer to this question, as there are pros and cons to AI technology and its widespread implementation. On the one hand, it is opening up a whole new world of efficiency and interactivity – especially in the medical field. It has the potential to create new opportunities and advancements in each of the areas it is implemented in.
Of course, there are fears that AI technology could take jobs away from humans in the long run, and there are fears over privacy invasion and security, especially for financial and medical technology. However, advancements are always being made in these areas to keep people as safe as possible.
Artificial intelligence has a lot of potential, and it really could be the next big thing when it comes to furthering a wide number of work sectors. While there are a few valid concerns, only time will tell when it comes to whether or not AI will rise or fall.