Humans are exceptionally smart and lazy beings. With that said, we often use our intelligence to decrease our workload and make our lives easier. The majority of people believe that automation refers to giant dumb robots that are very expensive, specialized, and will often require a human in control of it. However, as the age of technology advances, these automations advance as well. In fact, we will soon transition into the age of automations which will be putting a large portion of the economy at risk due to robots replacing humans in the workplace.
The improvements include enriched efficiency through self-learning, more exposure of human to machines due to their frequent interactions and more chances created by infinite data. Regardless of the benefits and effectiveness associated with the use artificial technology in the industrial sector, it has its disadvantages couldn’t be ignored as well. It will directly impact and affect the potential of the workforce eventually resulting in massive job losses. The duties and tasks previously done by human beings will be taken up by the use of Artificial Intelligence leading to high unemployment
Organizations have started aligning their marketing strategies to a customer journey strategy, where technology plays a significant enabling function overshadowing human abilities, allowing marketers to focus on strategies rather than on data, which will only get more and more difficult to handle if not leveraged aptly. List of Abbreviations: Abbreviation Full Form AI Artificial Intelligence PPC Pay-per-click References: i. Karlson, K. (2017). 8 Ways Intelligent Marketers Use Artificial Intelligence. [online] Content Marketing Institute. Available at: http://contentmarketinginstitute.com/2017/08/marketers-use-artificial-intelligence/ [Accessed 15 Oct.
Positively, AI can make our lives better and easier. Accounting software, expert systems, and virtual reality simulations all help facilitate the decision-making process we undergo on a daily basis. On the other hand, the automation of many jobs in various sectors such as finance, law, and medicine will likely make people more reliant on AI which would make experts less proficient and less adaptive to the ever-changing business and economic environment in the long run. Most importantly in the context of investment opportunities, IT sector companies will be the ones to program the AI, and they will need a lot of help. The increasing rate of automation will benefit humanity in many ways - it will increase productivity, reduce labor costs of production, facilitate the choices we constantly face, and more.
In a society based on capitalism and materialism, the desire to have the next designer genetic trend is almost to be expected. Biotech companies would attempt to monetize off of certain genetic advantages such physical attractiveness and intelligence if effort to please the more privileged members of society. In the system of capitalism, this kind of expensive technology would not be profitable if ability to everyone. (Simmons), This will inevitably lead to a creation of an underclass, a society who is inability to afford the genetic cures and/or advantages thus creating a race who genetic
Advanced forms of human computer interaction, enhanced safety in traffic, assistance in medical image analysis and realistic computer games are only few of the areas in which AI is vital. With further advancement of the technologies and the algorithms used in the research field of artificial intelligence, it can be expected that the role of AI increases significantly in the future. Although AI seems to be promising, humanity must pay special attention on that topic. Stephen Hawking, Elon Musk or Bill Gates recently expressed their concerns about AI, and that humanity should be careful with intelligent computer systems. Hawking stated in an interview with BBC: “The development of full artificial intelligence could spell the end of the human race.”
Within companies where the purpose is to be innovative, it is necessary to have in addition to funds, an environment where both ways for an innovation to start can occur. If a company is too indifferent about problem solving, no new innovations are made. On the other if the company has too strict control over what problems employees must solve, than those problems could be solved but then the company might find itself to have become obsolete compared to competitors, as is the case often with technology companies. A good example of a company where the balance between the two ways has been created is Google. In Google, the workers have certain amount of time of working day dedicated to speficific tasks, but they also have an environment and certain amount of time per day dedicated to be creative, which is why Google is constantly one of the most innovative companies in the
With the advent of Artificial Intelligence, machines have far more computing capabilities than man. While reducing labour or optimizing work is the goal of all progress, unfortunately it may be counter intuitive to the fact that labour pays. Minimizing effort sure is a noble intent and automation is in the middle of all of that. Whatever we want to automate, we automate. A simple lever and pulley is also automation.
Firstly, opponents mention that the use of robots in the manufacturing industry requires high expenses. They claim that the cost of purchasing robots are quite high as they are good in quality and the cost for their maintenance are expensive due to the limited service for repairing. However, comparable to the price, robots are able to help in increasing the number of manufacturing products as they can produce a huge quantity goods in a short period of time. This can help the factories to increase its profit and revenue and widen its market share in the industry. Besides, robots can help to reduce the amount of wasted materials used due to their accuracy in producing goods.
In conclusion, robots have a wide range of advantages and disadvantages. And their utilization will only increase through time and with more technological advances. People in the industry should know better how to determine when to use and when to not use Autonomous robots in order to balance the people workforce and the robots workforce in the industry, so that the development in the economis, ecological and social can be