Technology is ever-improving and evolving with newer and faster changes each year. There are emerging technologies and trends; from better adoption of AI by businesses and natural language processing, we’ve witnessed several technological milestones.
Artificial Intelligence (AI) is one of the most exciting technology areas. It has become embedded in everything we do, from our lives and businesses to how society functions. We can see the impact of AI in society, from autonomous cars to AI tools like virtual assistants and chatbots, and it shows no signs of slowing down. It’s difficult to deny the impact of AI in our society. In recent years, we have seen improvement in machine learning, and deep learning as these software algorithms are open to more exposure and can cause a paradigm shift in every sector of society.
Importance of Artificial Intelligence in Our Society
Artificial intelligence can improve efficiency in every aspect of our lives. One of the numerous benefits AI offers society is automation. Automation is implementable in communications, healthcare, the legal sector, consumer products, and even transportation. With automation, businesses can enjoy more productivity as AI takes over repetitive or dangerous tasks freeing the human workforce to do work they’re best equipped for. If people do work that engages their creativity and empathy more, they will find fulfilment and have job satisfaction.
Some benefits of AI to businesses and society at large include:
- Improved business efficiency
- Strengthening of the economy
- Helping improve the lifestyle of human users
- Improved customer experience
- With AI unable to mimic human emotion, it can enhance smarter decision-making.
- AI tools and powered solutions reduce staff strain and improve customer experience.
Artificial intelligence can change workflows and improve workplace efficiencies and processes. With improvements in AI, there will also be more solutions to problems in several industries that are yet to be realised.
Adoption of Artificial Intelligence
Artificial intelligence is getting more widespread and spreading rapidly, with government and private and public institutions using it to improve their processes. According to Forbes, four out of five businesses place much value on AI, with about 83% making incorporating AI into their operations a high priority. Automated emails and chatbots are the most common adoption of AI in the corporate office space.
Generative AI is one of the essential branches of artificial intelligence that businesses adopt in their operations. This branch is dedicated to building AI applications and tools that mimic humans’ creativity. Generative AI algorithm feeds on extensive already existing data (may include computer code, video, images, or sounds) and uses them to create new content that hasn’t existed in the non-digital world. A well-known generative AI model is GPT-3, a tool developed by OpenAI that creates text and prose that bears similarity to that created by humans. DALL-E is a variant that creates images.
This technology has received recent popularity thanks to the AI tool, ChatGPT, which was made available to the public in November 2022.