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What is artificial intelligence: advantages and disadvantages of AI

What is artificial intelligence?

AI is the simulation of human brain processes and behavior using computer technology. AI is designed to take on some of everyday tasks, such as communicating with customers via chat rooms and on the phone. In addition, it is needed to increase labor productivity, analyze large amounts of data, etc.

How does AI work and learn?

The AI system absorbs a huge amount of data, analyzes it for correlations and patterns, and then uses these patterns to create something or predict future situations. For example, a chatbot that receives examples of text or pictures learns how to create realistic conversations, unique stories, and images.

What does AI programming include?

Training

AI collects data and creates its own rules called algorithms. For AI, they become step-by-step instructions for completing specific tasks.

Reasoning

At this stage, AI focuses on choosing the right algorithm to achieve the desired result.

Self-correction

AI is constantly adjusting algorithms to ensure the most accurate results.

Creativity

Using neural networks, AI learns to create new images, texts, music and generates ideas.

Why is AI important?

AI has great potential: it can radically change our lives, affecting a variety of activities - education, business, entertainment, services, etc. In the professional field, AI can replace people by performing complex tasks, such as collecting and analyzing data, automating tasks, attracting potential customers, detecting fraud, quality control, etc.

The benefits of AI

No.1

AI does a good job where you have to pay attention to detail. For example, AI can diagnose diseases very accurately.

#2

The use of AI reduces the time to complete complex tasks when you need to analyze large amounts of data. That is why AI is becoming irreplaceable in banking, securities, pharmaceuticals and insurance. For example, financial services are using AI to process loan applications and detect fraud.

#3

AI significantly increases labor productivity.

#4

AI provides consistent results.

#5

AI can personalize content and create specific recommendations for individual customers, which increases satisfaction from using various services.

#6

AI assistants don't need to sleep, they don't get tired and are always available 24/7.

#7

AI is emotionless. This is important when there are a lot of customer complaints. Unlike a person who is prone to emotions, AI will always be polite and will not give in to irritation or panic.

#8

AI is able to analyze all probabilities and make decisions quickly and dispassionately.

Some drawbacks of AI

No.1

This is still a pretty expensive technology.

#2

The development and implementation of AI requires the involvement of highly qualified specialists with extensive knowledge and experience.

#3

AI is abolishing some occupations, leaving people out of work.

#4

AI doesn't know what morality and ethics are.

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