In the near future, Artificial Intelligence will likely have a profound effect on our daily lives. It might be as mundane as deciding what movies you want to watch or how much your car insurance costs. Or it may be more profound, like determining whether someone should go to jail for committing a crime or who is responsible for an accident. In this blog post, we will explore some of the hypothetical scenarios that could happen if Artificial Intelligence became widespread in our society and why these developments should concern us.
According to Market.us, the Global Artificial Intelligence Market was valued to be worth USD 129.28 billion in 2022. From 2023 to 2032, it is estimated to reach USD 2967.51 billion growing at a CAGR of 36.8%.
The world around us is changing rapidly, and technology is reshaping our lives in radical ways. The rate at which the changes are occurring has increased exponentially over the last few years. Artificial Intelligence (AI) has been one of such revolutions that have entirely changed business models over the last decade or so. But how will AI affect our daily lives in the future? Let’s take a look at some interesting statistics that might help us understand it better.
According to the report by Intel, a typical computer user interacts with AI in some form or fashion at least 100 times per day! The reason for such high figures is that artificial intelligence is used everywhere. It’s not limited to automated customer service calls, intelligent car technology, and personal assistants like Siri and Cortana on smartphones. Rather it can be found in our bedrooms as we search for pillows that are most suitable for us while shopping online. Artificial Intelligence has become part of our daily lives in so many different ways. But how will it affect our future?
Changing nature of work: According to the World Economic Forum report by Davos 2016, machines are estimated to take over 5 million jobs by the end of 2020. It is the time when Artificial Intelligence will be at par with human intelligence, and only those who can update themselves with the latest technology and learn how to work along with machines can survive in this world of AI. So, even though half of the population will lose their jobs, there will be many more opportunities for those who have updated themselves with the latest technologies or have learned something new.
The rise of home-based jobs: There will be an increase in demand for home-based jobs during Artificial Intelligence because it takes very little energy compared to other factors like transportation, wages, etc., as per reports by CNN Money. It would give many people an opportunity to work from home on their terms. People can work to maintain documents, type work for others, etc.,
New devices: Computers are no longer just office tools or gaming machines, as more and more people want to access the internet on the go in this mobile era. Artificial Intelligence will help them have more powerful smartphones with better resolution screens that react to voice commands to switch between tasks and functions. Devices like Apple’s Mac Pro, which has been designed to not have a fan at its base due to AI-based cooling systems, are one example of how AI is helping us with new technology-based devices.
More personalized services: AI is helping companies personalize their experiences for customers by providing individualized customer service. They can now figure out what customers like and want to purchase next and provide customized search results for them based on their interests, search history, etc., all these without the customer even asking.
Help in daily life: AI is also helping people by suggesting things that we might need in our daily lives as per how it learns about us through our behavior, social connections, and other activities. Amazon’s Alexa is one good example of this. It suggests various things to its users based on their purchasing history or any requests made earlier via voice command etc.,
More entertainment options: Entertainment is an area where artificial intelligence has shown significant strides in recent years. We have had chatbots that allow you to chat with your favorite celebrity’s avatar on Facebook Messenger, apps, and games that use AI to enhance their entertainment value and provide a more in-depth experience. Netflix is one example where artificial intelligence is used to make film recommendations based on users preferences and seeing how they enjoy certain genres or actors etc.,
Expected Conclusion: We can expect our daily lives to be filled with better products, services, devices with Artificial Intelligence integrated into them seamlessly. It will also allow us to access them from any corner of the world using the internet, which has become a necessity for many. As per reports by McKinsey Global Institute, by 2030, around 75 million people might lose their jobs due to AI, but it would open up new jobs for people with new skill sets.
So, if we learn something new, update ourselves with technology, make it a part of our lives, and make smart use of the AI-driven devices around us. We can have a brighter future ahead filled with powerful devices and personalized services that help us in all possible ways. Artificial Intelligence has come to stay and is already affecting our daily lives positively through various applications like speech recognition, translation, etc.
These applications make things easier for us on our smartphones or computers, even though they might still be in their developmental stages when considering them against human capabilities. But the alarm bells were rung by Elon Musk, who said that research must be done so that AI doesn’t grow beyond human control. In any case, Artificial Intelligence has come to stay and is bound to get more powerful with each passing day and bring a positive change in our lives for sure.
The future of AI is uncertain, but artificial intelligence will impact society in the coming years. Whether you are for or against the idea of AI taking over our jobs, one thing is certain. As more and more people adopt this technology into their lives, we need to be better educated about what it means for us as a culture and how it may change everything from business to education.