Page 101 - Chinmaya_C8_flipbook
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Tick ( ) if you know this.

                      ▶   Artificial Intelligence is of 3 types Narrow AI, General AI and Super AI.
                      ▶   Advantages of artificial intelligence are process automation, faster decision-making, etc.





                          RISK AND BARRIERS OF ARTIFICIAL INTELLIGENCE

                 AI has lots of benefits but it is not void of mistakes or errors. Let us understand the risks and
                 limitations of this technology as well.


                 HIGH COST OF CREATION
                 AI is an emerging field and a new technology. Hence, it is difficult to find people who can work on
                 this technology. This unavailability makes it difficult to maintain and work with. Moreover, with
                 change in requirements and growing demands, the hardware and software need to get updated
                 simultaneously, which may require huge costs as they are very complex machines. If robotics
                 need to be repaired, humans have to step in to fix it and this costs more resources and money.


                 MAKING HUMANS LAZY
                 The automated applications provided for majority of work are making humans lazy. This might
                 lead to an addiction to convenience in future generations.


                      PURE       The global AI market is predicted to snowball in the next few years, reaching a $190.61
                      FACT       billion market value in 2025.





                 UNEMPLOYMENT
                 Majority of repetitive tasks are being replaced by work robots, which is causing organisations to
                 replace less qualified employees with AI robots to do similar tasks.


                 NO EMOTIONS

                 Decisions made by humans are heavily dependent on emotions. AI on the other hand, does not
                 have any emotions yet, so it lacks human connect and may not always be effective.


                 NO OUT-OF-THE-BOX THINKING
                 Machines may have the ability to learn and get better

                 than humans with tasks if coded and designed to do
                 so, but when encountered with new situations which            First ever RPA
                 they are not programmed for, they tend to crash or
                 give unusual outputs.




                                                                                 Artificial Intelligence and Its Domains  99
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