AI isn’t going anywhere so what are some advantages?

AI-bias-concerns Tech leaders who spoke with Fox News Digital said bias in artificial intelligence can have an immense impacts on society. (Photo Illustration by Pavlo Gonchar/SOPA Images/LightRocket/DAVID MCNEW/AFP/CLEMENT MAHOUDEAU via Getty Images / Getty Images)

Important Takeaways:

  • We’ve all seen the headlines about AI, both the good and bad. Regardless of what you think of the risks of using AI, no one can dispute that it’s here to stay. Businesses of all sizes have found great benefits from utilizing AI, and consumers across the globe use it in their daily lives.
  • But even people who are excited about AI can ask the question: what, exactly, are the advantages and disadvantages of using it?
  • What are the advantages and disadvantages of AI?
    • There are always pros and cons to any technological advancement. There is a ton of debate about the benefits and risks of AI at every level. But beyond the headlines that either peddle hype or fear, what does AI do?
    • The advantages range from streamlining, saving time, eliminating biases, and automating repetitive tasks, just to name a few. The disadvantages are things like costly implementation, potential human job loss, and lack of emotion and creativity. So where do we net out?
    • The first major advantage of implementing AI is that it decreases human error, as well as risk to humans.
    • Using AI to complete tasks, particularly repetitive ones, can prevent human error from tainting an otherwise perfectly useful product or service.
    • Similarly, using AI to complete particularly difficult or dangerous tasks can help prevent the risk of injury or harm to humans
  • Unbiased decision making
    • Humans disagree and allow their biases to leak through in their decisions all the time. All humans have biases, and even if we try and solve for them, they sometimes manage to sneak through the cracks.
  • Cost reduction
    • As we addressed above, AI can work around the clock, creating more value in the same day as a human worker. And since AI can help to take over manual and tedious tasks, it frees up workers for higher-skilled tasks. That, ultimately, creates more value for the end-user or consumer.

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