The Ramifications of Artificial Intelligence's Impact On Our Lives

2018 is in for a wild ride when it comes to the tech world! From here onwards the world will see rapid collaboration between AI and machine learning technology. From our health care to our social content sphere it is reshaping ur world right before our eyes. There is no doubt that technology has made our lives better, convenient and easier.

We are beyond lucky to live in this era where the new emerging technologies like AR, VR and AI are offering an immersive digital experience through their products in industries all across the board. From AI robot to unique VR headset, these creations are the next big thing in the tech world and it doesn't just stop there.

According to Matt Shams (Anis), CEO, Woolah, claims we will see massive breakthroughs in AI, ML, VR, AR, blockchain, and more. However, the most predominant and is already in place is in the social content sphere. It's goal is on matching the right content delivery to the most specific audiences. This is good for both the distributer and the consumer because it offers a strategic way to deliver content when we want it and how we want it based on each of our specific interests.

"Algorithms like Multi-Armed Bandit will determine the influence of content within platforms. Now with machine learning one can accurately classify what’s present in the photos including all its engagement data (like, comments, emotions, shares) and what activity it represents in an image, which effectively optimizes human-generated content reach its true potential," shared Shams.

The gaming industry will also be one of the first to see the rapid change. The advancements in technology has affected the gaming realm to a vast extent. Shubham Mishra, CEO Absentia firmly believes that AI will be the big change in the gaming world. According to Mishra, it has the potential to enhance the capabilities of developers and designers by providing them options that cater to their specific liking.

"In upcoming years games will reach the level of customization and personalization where AI could create levels with designs tailor made for the player which potentially leads to multi fold revenue increment for the gaming industry," he said.

One of the most profiecient and effective things AI will do is replace our everyday mundane tasks. Layak Singh, Founder of Artivatic Data Labs (Artivatic.ai) emphasized it will take next 2-3 years to see more impact of AI in our lives because it needs more human understanding going forward. This is precautionary and we should be thankful for this time to make it right. With something as risky and unstable as AI waiting for the right time is a must. The technology will impact both in good and bad ways to human, processes and businesses. 

"AI is utilized in almost multiple sectors including gaming, education, real estate, medical, pharma, logistics, BFSI, biotech and many more. It is going to replace all repetitive tasks being done in all kinds of sectors including BPO, customer support etc. but it will also create new & better opportunities in areas where needs more creative knowledge. The technology will enable the backend processes, operations and systems to have even thinking power like human brain to make self-decisions without human intervention," said Singh 

He further added that some of the critical areas and industries AI will also be changing...

• Complex diagnostics
• Agritech
• Supply chain
• Education
• Automotive
• Manufacturing
• Transportation

Singh encourages that we all keep an eye out for the everyday changes for AI is surely making history. He said with AI and ML on our side we should reach new heights in terms of making human lives easier that were unimaginable before.

Original Link Credit: https://www.entrepreneur.com/article/306284

Original Author Credit: Nidhi Singh - Entrepreneur Staff