Innovation and technology has exploded over the past couple of years and India has seen the boom of startups especially coming up leaps and bounds in Bangalore, India. It has 35% of the startup share in India. Well I am specifically going to be talking about Artificial Intelligence or AI as it’s popularly known. AI and machine learning are already driving innovation and transformation. They are embedded in how we sift through large volumes of data and content and how we enhance, organize, connect, and deliver content and information. They are the engines underlying many of the products and services.
AI can be defined as “the capability of a machine to imitate intelligent human behavior”. Huge amounts of research are going in to imitate the human behavior and use that information for various purposes from Marketing Campaigns and understand your purchasing/decision making patterns. This would be disruptive in terms of new products which can then be focused on a specific group of people and convinced more easily to buy them.
Some of the advantages of AI:
- Error reduction
- Difficult exploration
- Daily Application
- Digital Assistants
- No breaks
- Increased Efficiency
- Reduced costs of training and operation
Some examples of AI
- Virtual Personal Assistants
Most of them are well known and used by most of us in daily lives. How much they have impacted its up to us to decide.
Sophia deserves a special mention, she is the first humanoid robot created by Hanson Robotics, Alphabet Inc and SingularityNET which powers her brains. Sophia uses artificial intelligence, visual data processing and facial recognition. Sophia also imitates human gestures and facial expressions and is able to answer certain questions and to make simple conversations on predefined topics. This shows how AI has progressed to create a robot that can behave like a human, have a conversation and show facial reactions. Saudi Arabia has granted her citizenship.
How AI will improve our lives in future:
- Improved Geriatric care: With the shortage of medics and paramedics elder patient care has been a pain point for most countries and governments. In near future home robots would help in patient care and help in monitoring their vital signs and informing the hospital so proactive measures can be taken allowing them lead a good life.
- Automated Transport: Well all of us are aware of the driverless cars testing going on and soon that big stress would be taken off our shoulders allow us to utilize that travel time in a more productive way.
- Cyborg: Humans will be able to selectively add on computers and add capabilities to one self to perform beyond limits and enhance our capabilities.
- Dangerous Jobs: Advanced robots will be able to replace humans in dangerous jobs and hazardous jobs like bomb defusing etc.
- Friends: People who are lonely and find it hard to make friends may end up having robots as friends with whom they can share their feelings.
AI and Healthcare:
AI programs have been developed and applied to practices such as diagnosis processes, treatment protocol development, drug development, personalized medicine and patient monitoring and care, among others. Healthcare remains the top area of investment in AI as measured by venture capital deal flow.
AI will play a big role in the way Medical records are used in the future. It will collect, store normalize and tracing its lineage, revolutionizing the existing healthcare systems.
Another aspect is it will help in designing specific treatment plans for patients based on the available data.
Assisting in repetitive jobs, cognitive assistants are being built to assist doctors in decision making processes.
Precision medicine -With AI there is going to be a huge impact on genetics and genomics. Genomics would help at finding patterns and looking for mutations, so gene specific medications can be given for treatment various diseases and would be more effective.
Cons of AI:
With the growth of AI, that could also boost the Cybercrimes and the rates of cybercrimes would go up. Also, people stand to lose jobs to AI, in UK its estimated 1 out 3 stands to loose a job to AI.
In India a leading IT company deployed AI and some 900 jobs were lost in the process. That shows that the workforce must constantly keep upgrading themselves to be employable.
In conclusion every coin has a flip side and its up to us to regulate the negatives and absorb the positives for a much better life style where can focus on the family and continue to enjoy the benefits of IT doing the mundane jobs even ordering food when you need it
About the Author:
Mr. Rajiv Saran Sharma, CEO, Virgosys Software Private Limited.
Virgosys was started with the sole view to cater to elite customers who are looking for bespoke solutions and have the vision to use custom built stuff. We also believed as our customers grew we would follow the path with them, their requirements ever growing.
Started in 1994 as a true startup, Virgosys Software Pvt Ltd has grown from strength to strength and serves clients worldwide. We offer a mix of products and services, we have a few premium products viz Schookee – a premier ERP for educational institutions, ELMS a learning management framework which can help impart any companies training requirements. Both products are flexible to scale any enterprise requirement and functional requirements. Our core focus is to deliver solutions in Web and mobile space in various verticals.
Rajiv with almost 24 years of experience, is always looking for opportunities to contribute to the welfare of the society through his skills and capabilities.