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How AI and Humans are Changing the World: Technology will Replace Tasks, not Jobs.

How AI and Humans are Changing the World: Technology will Replace Tasks, not Jobs.

 

Many people believe that artificial intelligence (AI) will replace our jobs but it’s a myth. The new technology is going to replace tasks, not jobs. Just like email, computers, and the internet elevated employees to new proficiencies in past decades, AI’s purpose is to increase worker proficiency by eliminating time-consuming tasks.

Always a lot of people are afraid of new technologies and the progress of science. They don’t have the knowledge and they don’t like changes in their life or work. But the technology is here to change the world and nobody can stop it!

A famous example from the 19th century. A group of English textile workers wants to destroy newly invented textile machines for fear they’d lose their jobs. Their fear was unfounded, however, as instead of being replaced, the machines made it cheaper to produce fabric, leading to more customers, and more demand for workers.

Technology like AI is giving us a unique opportunity to rethink how work is done, and how people use their skills and talents to complete critical tasks. AI works by applying pattern recognition to categorize structured and unstructured data, to flag anomalies and make recommendations.

It can take care of the repetitive tasks so that all employees — from the back office to the CEO — can focus on higher-value projects that help them stay competitive.

For example, chatbots are already being used to alleviate the pressure of increasing customer inquiries. Chatbots can be set up to answer the most basic requests of customers, such as delivering order status updates, scheduling appointments, answering common user questions, and providing simple automated services during the hours when a business is closed.

For B2B organizations specifically, it can take over many of the lead nurturing tasks that happen at the top of the sales funnel – allowing humans more time to interact with prospects during the critical decision phase of the sales process.

Artificial intelligence takes over many of the time-consuming tasks and augments data-driven research by more quickly finding patterns and making recommendations, while human intelligence supervises, guides and manages.

So people will do their jobs faster, better and smarter. Automation replaces useless redundancy and decreases the amount of data an employee must wade through to accomplish an assignment.

The artificial intelligence will improve all industries and verticals– back-office tasks such as payroll, administration, invoice approvals, etc. As we’ve seen with the increasing use of chatbots, more businesses have come to understand what processes they are able to streamline, and executives and employees alike have become more comfortable working alongside automation programs.

A recent Deloitte survey of business executives concluded that more than 80% of executives gained a financial return from AI investments. Automation can create economic growth, reduce prices and increase demand while also creating new jobs that make up for those that disappear.

We’re seeing this in the ERP market especially; many software vendors have recently created their own versions of digital assistants like Siri, Alexa, Cortana – or are creating applications that allow users to have a conversation with their ERP software through one of these bots.

These consumer chatbots can also streamline tedious employee tasks such as scheduling appointments, directing payments, following up on invoices – all from within a conversational interface. Soon you may be asking Siri, Alexa or Wanda to find the best deal and book your flight for an upcoming business trip!

It is more important than ever to prepare yourself, your team, and your organization to develop a strategy to leverage artificial intelligence. And keep in mind – AI, when used correctly, is about empowering people to do more and better than humanly possible.

The future is here! The artificial intelligence is your helper, not your enemy! Take action now and don’t look back!

P.S.

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Artificial Intelligence: The Benefits for the Business and Our Lives

Artificial Intelligence: The Benefits for the Business and Our Lives

 

Artificial Intelligence, or simply AI, is the intelligence exhibited by the machines. The machines will become capable of working and reacting like humans.

The researchers are trying to create AI with the ability to perform almost every perceptive task. It’s the future of the internet and business.

The individuals with an interest in Artificial Intelligence, Machine Learning, can opt for a career in this technology. With the scope of this technology expanding every day, the demand for machine learning engineers, machine learning researchers, and AI Developers are also going to increase and career opportunities.

It has started to become a part of our daily life and holds the capability to change our life by its day to day services. There are several major sectors that have already started the use of AI like healthcare, automobiles, language processing, mobile apps, etc.

Many big companies like Microsoft, Amazon, Facebook, Apple have identified the value of this technology and are planning to invest more and more to advance their machine learning technologies.

Here are the benefits for the business and our lives.

1. Problem Solving: This is the most basic and effective application of AI, where it can be used to solve critical and complex problems, just like human beings.

2. Medical Science: In medical science, AI is used to create virtual personal healthcare assistants that can perform research and analytics. Healthcare bots are also being developed to provide customer support and assistance, 24/7.

3. Data Analytics: AI can be applied to improve data analytics, evolve algorithms faster with the transactional data and deliver new data insights, thus improving business processes.

4. Aerospace Industry: Almost every activity performed to manage air transportation is based on Artificial Intelligence techniques. There is numerous software used in air transportation activities, most of which are using AI.

5. Video Games: With the evolution of AI, video games have advanced by providing gaming bots who can act and play like real players and you can get the game started without waiting for other players to play with you.

6. The AI technology can also be used in hundreds of other applications such as speech recognition, image processing, vision systems, handwriting recognition, etc.

In spite of all its advantages and applications, it is also a major concern that AI can be a potential threat to the existence of human beings. Intelligent systems if went in the wrong hands can act as a major source of destruction.

Where autonomous vehicles can be a major perk of this technology, autonomous weapons can be a potential threat. However, with proper care and control, we can use this technology in a positive way and can use it to shape the future of mankind.

Artificial Intelligence and Mobile App Development

Smarter Apps:

Today we can take up the artificial intelligence and machine learning techniques and embed them into a typical app experience so that the users can enjoy smarter applications.

The evolution of Artificial intelligence in apps is also compared to the earlier days of the Internet which was started with static web pages before the arrival of browser-based tools.

Today there are several enterprises across the globe and the data scientists have been trying to provide value to the developer groups that are trying to make advanced software to meet the business objectives. The goal was to build a collaborative community.

Natural Language Understanding (NLU):

For most of the design experts, artificial intelligence starts up with the natural language understanding (NLU) where the smartphones and other devices can receive direct input.

Google Now and Apple’s Siri are some of the best examples and there are many more applications like that. Recently a development firm tried to build a cloud-based server and it promised to allow anyone with basic programming knowledge to create NLU interfaces; that too in more than 20 languages.

The fact is that the mobile application developers had a very limited exposure for conversational computing and natural language understanding. Previously, NLU was treated as an expensive solution with just a few companies knowing to write such applications.

But experts say that even wider apps could benefit from artificial intelligence; it may be retail apps which tell merchants about the kind of shoes or dresses the people want to buy.

Artificial Intelligence certainly can’t be seen as a small thing when it comes to the development of smarter applications and hence the developers are still behind AI which has been giving them great results.

Artificial Intelligence will change the internet, the business, and our lives. The Future is Now!