Knowingly or unknowingly AI has been creeping into our lives be it in form of Alexa or getting the recommendations on an e – commerce platform. However, suddenly AI became the centrepiece of my life with me joining a Data & AI consulting company Navikenz . With Chatgpt, I am sure AI has become focal point of interest for many others as well. So, I was curious to understand what is AI? How is it different from Human intelligence? How can we possibly marry them both in a manner where both live happily ever after (sounds like a fairy tale even in real marriages😊). With all these questions in mind and after reading varied opinions I thought I should write about my thought process in the simplest manner as there is too much jargon being thrown around. I am not an expert in AI, just trying to learn more about it as it became a front bencher in my life from being a back bencher. So, pls feel free to educate me more on your views.
So, let’s start from the very basic - point zero (though the race to understand AI will not be a finite one)
What is Artificial intelligence?
Artificial intelligence (AI) is a type of intelligence that is artificially created by machines and computer programs. It is designed to simulate human intelligence and perform tasks that would normally require human intelligence, such as problem-solving, decision-making, and language processing.
How is AI different from Human intelligence?
To put it very simply, AI does not have the ability to learn from their experiences or get adapted to new situations or environment in the way that humans can. AI algorithms can quickly analyse vast amounts of data and detect patterns that would be impossible for humans to perceive. For example, AI can process millions of medical images to diagnose diseases with high accuracy or analyse financial data to detect fraud or predict market trends. But humans have the capacity for creative and intuitive thinking, which is still a major challenge for AI.
However, having said that, the next frontier of AI is artificial general intelligence (AGI), which is where computers can mimic how humans learn and exercise cognition in a more general sense. This stage would enable machines to complete any intellectual task that a human is capable of completing. This requires the ability to reason, be strategic, solve puzzles, plan, learn, and make decisions in the face of uncertainty. Scientists believe that we are far from AGI (maybe even 100 years), so let’s focus on AI at the moment.
Current state of AI & it’s impact on businesses
Do we know how AI is going to transform our lives & businesses today? The answer is a resounding – ‘No’. What we are seeing is currently only the tip of the iceberg. We do not know the endless possibilities which AI can open for us. And it’s ok to be scared of the unknown or to have our doubts & raise hard questions about workforce, the legal system, privacy, bias etc. Also, any change in life makes one uncomfortable. Does that mean we become the ostrich and ignore what is hitting us at a rapid pace like never before? The answer is again a resounding ‘No’. AI & human intelligence if combined can provide new insights & perspectives that can enhance human creativity & decision making (their marriage is inevitable). AI has incredible power to transform businesses. In their current state, computers can already ‘see’, ‘hear’ and parse natural language. It has become imperative for businesses to understand what impact AI can have in solving for their business problems. At Navikenz, we can help you answer how AI can help businesses achieve their desired outcomes. Our team is committed to work with you in uncovering & applying the transformative technology to solve for most complex of your business problems in existence today or which might come up in future. Your competition is, if not rapidly at least slowly, accepting AI to be front bencher. So what’s stopping you?
Interested in learning more about AI and its impact on your business? Please email us at [email protected].