Mary Shelley’s Frankenstein was the first pop culture example of artificial intelligence. Since then, the media, and especially Hollywood have depicted artificial intelligence numerous times. The depictions of artificial intelligence that we see in movies like Terminator or I, Robot are still nothing but science fiction, but the possibility of super smart artificial intelligence capable of matching human intelligence is no longer a far-fetched idea. In fact, due to the exponential growth of the artificial intelligence industry, we could see that level of artificial intelligence in a matter of years.

According to analysts who track the growth of computing costs and the costs for such technologies, in just four years, $4,000 dollars would be enough to buy a computer than could rival the human brain. Such a computer would be able to perform twenty quadrillion calculations per second.

AI in the workplace

Artificial intelligence just might be the biggest game changers in the world of technology this century. One of the reasons it has grown so quickly in such a short period of time is because businesses are beginning to see the useful real-world applications it has to offer. Already, dozens of industries such as healthcare diagnostics, automatic trading, business processing, advertising, and social media are using artificial intelligence to operate more efficiently and be more successful. It’s predicted that spending on artificial intelligence will increase from just over 200 million in 2015, to over 11 billion in 2024 as more businesses begin to invest in the technology.

Although artificial intelligence is relatively new to the workplace, it’s already shaking up the way we do business. Some of the top companies in the world are changing their business models to integrate artificial intelligence as opposed to sticking with a humans only approach. These businesses have a distinct advantage when it comes to gathering vast amounts of data in a very short period of time and then using that vast amount of data to make decisions. This enables companies to be quicker on their feet as they evaluate various analytics and make adjustments to their business strategy.

AI and the future

In Mary Shelley’s Frankenstein, and in many subsequent science fiction novels and films, the artificial intelligence humans create inevitably comes back to haunt them. Artificial intelligence isn’t without its risks. Some fear that if artificial intelligence could surpass human intelligence, they could overthrow us. Another fear is that artificial intelligence could lead to many people being out of a job as they’re replaced by machines. But experts in the field of artificial intelligence believe these fears are unfounded. It all comes down to human programming and how much power authority we grant them.

As for the work force, most analysts predict that an artificial intelligence boom will create many more jobs than it eliminates.

Source: Information Age

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