Artificial Intelligence

Artificial intelligence: Potential application of Artificial Intelligence Like Mining operations, Self-driving cars, etc.

Potential application of Artificial Intelligence:

Mining operations

Self-driving cars

Space sector

Digital assistants & smart speakers

Defence sector

Facial recognition

Agriculture

Advisories for sowing, pest control etc

Image classification tools

Early disease identification

Health & medicine

Assessment of patients

Artificial surgery simulators

Counselling of mental health patients

Radiosurgery

Benefits of AI

In terms of policing, India still practises traditional policing. In India, AI-based products have opened up a new window of opportunity for predictive policing. With AI, one can predict crime patterns and analyse a large amount of CCTV footage available across the country to identify suspects

The government is digitising all records, particularly criminal records, and storing them in a single database called CCTNS, which contains all data, including images, biometrics, and a convict’s or suspect’s criminal history

In agriculture, it can be used to determine how much water a crop requires, for example, For resolving complex issues such as the most efficient use of available resources

AI technology aids in data analysis, which can improve the efficiency of systems such as power management in automobiles, mobile devices, weather forecasting, and video and image analysis

Limitations of AI:

Decrease in demand for human labour & job loss

Ethical concerns

High cost & low availability of computing infra

Privacy & Security concerns related to data

Psychological Distress and moral degradation of society

Artificial Intelligence in India:

In the Union Budget 2018-19, the government-mandated NITI Aayog established the National Programmed on Artificial Intelligence in India to guide R&D in new and emerging technologies

Three-pronged approach by NITI Aayog:

Undertaking experimental proof of AI projects in various areas

Making a general procedure for building an energetic AI system

Collaborating with various experts and stakeholders

AIRAVAT:

AI Research, Analytics and Knowledge Assimilation Platform is a cloud computing platform

Draft National Strategy for AI by NITI Aayog (2018):

Planning its scope for research, adoption, and commercialization

Use of AI in healthcare, agriculture, education, smart cities, infrastructure, and disaster management

National Bureau of Economic Research:

A report published by the National Bureau of Economic Research, claims that Artificial Intelligence has caused a 50% To 70% decrease in wages, creating income inequality and threatening millions of jobs

As per several academic studies, automation technology has been the essential driver in the U.S. pay imbalance in recent years

The report, distributed by the National Bureau of Economic Research, asserts that half to 70% of changes in U.S. compensation, starting around 1980, can be ascribed to wage decreases among common labourers who were supplanted or corrupted via automation

AI, mechanical technology, and new modern advances have caused a wide gap in wealth and pay dissimilarity. It looks like this issue will accelerate. For the time being, students and middle-class experts have a great extent of being saved from the destiny of degreeless specialists

Individuals with a postgraduate certification saw their compensations rise, while low-training labourers declined fundamentally

As indicated by the review, The genuine income of men without a secondary school degree is currently 15% lower than it was in 1980

Artificial intelligence systems are ubiquitous. Application of AI-powered computerised voice aides share all that you need to know just by asking it an inquiry. Rather than a live individual resolving an issue, a corporate chatbot constrains you to engage with it

The technology is remarkable. It helps diagnose cancer and health issues. Banks utilise modern programming to check for misrepresentation and terrible practises. AI constraints driverless vehicles, newsfeeds, online media and employment forms

The World Economic Forum (WEF) deduced in a new report, another age of intelligent machines, powered by fast advances in application of AI and mechanical technology, might supplant an enormous extent of existing human jobs

Robotics and AI will cause a genuine interruption for the pandemic, pushing organisations to fast track the arrangement of new advances to cut expenses, improve usefulness and be less dependent on genuine individuals

The WEF attests computerization will slice around 85 million positions by 2025. In a critical forecast, WEF said, while some new jobs would be made as previously, the worry is there may not be sufficient of these to go around, especially as the expense of intelligent machines falls over the long haul and their abilities increase

Conclusion

AI will be a watershed moment in humanity’s technological evolution, with humans’ reliance on machines and algorithms for decision-making at an all-time high. While AI is making our lives easier, it also comes with its own risks. Hence, it is necessary for a country like India to have an appropriate strategy to harness the power of AI as well as mitigate its risks for the advancement of the country.

Artificial Intelligence