Artificial Intelligence | News | Insights | AiThority
[bsfp-cryptocurrency style=”widget-18″ align=”marquee” columns=”6″ coins=”selected” coins-count=”6″ coins-selected=”BTC,ETH,XRP,LTC,EOS,ADA,XLM,NEO,LTC,EOS,XEM,DASH,USDT,BNB,QTUM,XVG,ONT,ZEC,STEEM” currency=”USD” title=”Cryptocurrency Widget” show_title=”0″ icon=”” scheme=”light” bs-show-desktop=”1″ bs-show-tablet=”1″ bs-show-phone=”1″ custom-css-class=”” custom-id=”” css=”.vc_custom_1523079266073{margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}”]

Debunking AI Myths and the Reality of How AI Will Evolve the Marketplace

Unless you’ve lived under a rock for the past several years, I’m sure you have witnessed the buzz around “AI” and the claims that thanks to Artificial Intelligence, unemployment rates will skyrocket because robots will take over our jobs. Sounds a bit apocalyptic– and that’s because it’s not true. Artificial Intelligence is a computer science simulation of the human mind that is able to process reason, discover meaning, and use experiences to learn and refine its logic.

While the field of AI has been around for decades, true human-like intelligence has yet to be achieved. I’m sure you’ve already started interacting with AI in some way shape or form – may be using a Voice Assistant or simply by picking a film curated by Netflix’s recommendation algorithm.  The noise around Artificial Intelligence, robots, and technology has bred a long list of myths and misconceptions, especially on its impact on humans and the future of the workplace.

Here’s a list of the top myths about AI and a breakdown of everything you need to know.

Myth #1: Artificial Intelligence Thinks Just Like a Human

Contrary to popular belief, although AI is highly equipped to process complex data and complete tasks efficiently, it still lacks cognitive thought and needs to follow the logic and datasets human have created for it. We also haven’t cracked the code on how AI can match the human ability to think critically and adapt to changing scenarios while processing abstract concepts such as sarcasm, sadness, and joy. Although AI has come a long way since the field was founded in the 50s, it is still very much reliant on humans building its framework.

Read More: Strong AI Doesn’t Make Humans Less Special

Myth #2: AI Is Too Difficult to Adopt

Accenture reports that if companies across all industries were to invest in AI at the same level as top-performing companies, they could boost revenue levels by 38 percent. Which leads us to conclude that although Artificial Intelligence is thought to be a powerful tool, it’s still intimidating to implement. While it may not be widely adopted by all businesses now, we predict that it will be. We already see Google, for example, use AI to detect when its data centers heat up and automate a cooling system when needed, saving them thousands in high energy costs. Amazon also leverages AI with predictive forecasting to help them make strategic fulfillment decisions. At the minimum, all organizations will consider if their business challenges can be solved by AI and what a strategy could look like for their team.

Read More: How Automating Metadata Management Can Transform Data Governance

Related Posts
1 of 615

Myth #3 AI Will Negatively Impact Employment Rates

While it is true that certain industries like manufacturing will be hit harder than others with the adoption of AI, Gartner claims that more jobs will arise from AI than those displaced. According to the report, by 2020, AI will remove 1.8 million jobs in the U.S. but to our advantage will create 2.3 million new ones. Further good news, the unemployment rate in the U.S. today is at the lowest it’s been in nearly five decades – despite the increased adoption of AI. These changes will not only affect the internal workforce but self-employed workers too. Similarly, Deloitte reports that by 2020, alternative workers across various industries will rise to 42 million.

Read More: Robotics Process Automation: The Future of Jobs, Not Job Losses

Myth #4: AI Isn’t Effective With Human Collaboration

The best AI strategy a company can implement is one that uses an augmented workforce, combining Artificial and Human Intelligence. Gartner backs this theory up, claiming that AI augmentation will generate $2.9 trillion in business value and recover $6.2 billion hours of work productivity back. It is widely agreed that AI will help humans complete their routine work, free up their time, and restructure their job demands. Deloitte calls this workforce transformation, “super-jobs.” Super-job employees will work closely with AI to make technical and interpretive, problem-solving decisions to optimize the process. These new types of jobs will require investments in reskilling employees and ongoing support as they emerge. Luckily, there are emerging AI collaboration tools that can help make this seamless, such as AI-enabled workforce solutions that allow teams to offset scalable tasks with external talent and put time back in their schedules to focus on other initiatives.

A Revolution

In the 3rd Industrial Revolution, we saw the rise of IT shape the workforce significantly and as we enter the 4th, AI will disrupt the way we work again. Just like every industrial change, there will be sentiments of fear and doubt before it becomes widely adopted. Yes, Artificial Intelligence will play a big role in the future of work and it will be disruptive, but it is completely within our control to use it to our advantage and enable humans to focus on thoughtful work and leave routine tasks in the past.

Combining Artificial Intelligence with Human Intelligence creates the superhero we’ve been waiting for. It will be those fearless leaders who take action now that will blaze the trail for other companies to follow.

Read More: Snag Enters Third Decade with New CEO Focused on Data, AI and Revolutionizing Hourly Work

  1. says

    how much coconut oil to ingest for candida, how much coconut oil to intake for breast milk increase, how much coconut oil to kill giardia.

  2. says

    civilization 5 how to mine oil, civilization 6 how to get oil, civilization v how to find oil.

  3. says

    how to mix 2 stroke oil for boat, how to apply tea tree oil for bv, how long does rosehip oil take to work.

  4. says

    how to make windows xp automatically log into account, how to make wire transfer from your citi bank account, how to make wire transfer from your citibank account.

  5. says

    how to make a private account snip snap, how to make a private business facebook account, how to make a private email account.

  6. says

    pancreatic cancer how close to cure, panasonic lumix dmc-fz70 how to do close ups, panasonic close curves wet dry shaver how to use.

  7. says

    how many corporations have closed due to minimum wage increase, how many counseling centers have closed due to medicaid, how many countires is close to venezuela.

  8. says

    how close is the sphenoid sinus to the optical nerve, how close is the spinal cord to t5 and t6, how close is the spinal cord to t6.

  9. says

    2009 civic 1.8 how to fix the evap stuck closed, 2009 honda civic 1.8 how to replace evap stuck closed, 2009 mazda 3 auto moonroof how to close automatically.

  10. says

    how to tell whetres my car leaking oil from, how to tell whetherits an oil painting or an acry, how to tell whether oil is ready.

  11. says

    how to use essential oil on pillow, how to use essential oil on furnace filter, how to use essential oil of star anise ebv.

  12. says

    how to use spearmint oil for memory loss, how to use spearmint oil for headaches, how to use spearmint oil for acne.

  13. says

    how to change oil filter housing gasket 2006 impala, how to change oil filter housing gasket 335i, how to change oil filter housing gasket bmw e39.

  14. says

    how to add oil to transmission jack, how to add oil to traxxas stampede shocks site, how to add oil to under ground car lift.

  15. BvdCKUQ says

    Pills information sheet. Cautions.
    generic zofran price in US
    Actual information about medication. Get information now.

  16. Sex Enga Png Koap porn images highlands maret koap pics xhamster, png enga pics xhamster,
    png koap xxx mobile porno videos movies iporntv net.
    MY XXX HOT GIRL. Home; Sex; Category; Disclaimer;
    Contact/Report Abuse; Enga Png Koap Meri Gumuni Kan Koap Papua
    New Guinea; Ian Ocult Records; Papua New Guinea Police Brutality; Meri Wantok; Papua.

  17. […] Read More: Debunking AI Myths and the Reality of How AI Will Evolve the Marketplace […]

  18. Iron waste brokerage says

    Scrap metal waste management Ferrous material recycling industry trends Iron recovery depot

    Ferrous material environmental sustainability, Iron recovery and recycling, Scrap metal

  19. Copper scrap industry trends says

    Copper scrap repurposing Copper scrap recycling plant Metal scrap facility
    Copper cable scrap refining, Scrap metal trade negotiations, Copper recycling best practices

  20. Iron reclaiming services says

    Scrap metal reclamation and reuse Ferrous waste remolding Iron scrap recovery plants

    Ferrous material by-product marketing, Iron scrap recovery, Scrap metal quality control

Leave A Reply

Your email address will not be published.