Artificial intelligence is shaping the world in ways many have never even considered. This is especially the case in business technology, wherein things like e-commerce and a variety of other industries are intertwined with advancements and innovations. This is why companies like Amazon are investing so much in the development of AI.
Now, it’s worth pointing out that AI is an incredibly varied field, which encompasses everything from machine learning to machine vision. Knowing which is which might be essential, but for now, we’ll focus on the effects of these various fields of AI rather than the specific areas.
Fewer Human Workers
With the rise of AI is the inevitable eventuality of humans becoming less relevant in the workforce. This isn’t just limited to factories and the like either. Even blue collar jobs such as office work and even customer service are prime for machine replacement. This is a boon to businesses because it means lower overhead costs.
Naturally, some humans will still be needed in order to operate and maintain the machines using tools and apps that have replaced others. However, they will be significantly lower in number, and thus in cost.
Another advantage that AI will offer businesses is a workforce that can operate 24/7. Machines will not require sick leaves, vacations, holidays, or weekends off. Aside from the occasional need for maintenance, updates, and cleaning, you can have production that never stops. It doesn’t really matter what business you are in either. A workforce that never rests can only be good for your bottom line.
There’s a reason why the industrial revolution and internet revolution happened. Technology simply leads to more efficiency in conducting business. AI is no different and its effects are even expected to be greater than that of those two examples combined. An intelligent machine network can basically do the job of hundreds, if not thousands of human workers.
Through smooth and consistent communication, jobs can get done faster, as well. Current forms of completely automated factories and the like might have issues, but this is only to be expected. As the technology is refined, one human worker might be enough to oversee the production of hundreds of cars per day, for example.
Now, we come to the culmination of all of those aspects of AI, which is the prospect of much better ROI. Basically, if you invest in a system that costs less to maintain than a human workforce, can operate for much longer, and produces more efficient results, you get better return on investment.
This is something that has investors really excited about when discussing the effects of AI such as the latest Microsoft technology. Of course, it’s worth pointing out that AI advances at a rapid pace. As such, investing in newer, better technology on a regular basis is only to be expected. That’s if you want to remain competitive.
High Risks from Cyber Threats
Unfortunately, now that we’re done with the good news, it’s time to check out the bad. The biggest issue with advancements in AI is obviously the increased risk of cyber security threats. Basically, you are looking at fully automated systems being ripe for the taking with a bit of digital wizardry. The recent incidents involving malware attacks crippling entire nations is a good example of this.
This is why it’s worth looking into building a robust defense against such attacks as soon as you implement your automation network. It’s not worth risking billions in losses just to save a few million.