Chatbots, computer-based personal assistants, self-driving cars, automated schedulers — it seems chatter about artificial intelligence innovating and disrupting our work lives is everywhere these days. That has created palpable anxieties across multiple industries, including advanced manufacturing about machines essentially taking over human jobs. But it’s important to separate fact from myth when it comes to AI and it’s impact. Following are some key myths and considerations.
AI will eventually force humans out of the workforce. Actually, AI is a lot like any era’s technological advancement. Instead of taking over, it is more likely to help processes become more efficient while making humans more effective, not obsolete.
To use AI for business, you need a huge budget and machine-learning experts. In truth, a growing number of software tools and applications that use AI are increasingly available in the marketplace for small and medium-sized businesses to use. Not every business has to be Google to survive today’s tech world.
Algorithms operated by AI will streamline every business. Algorithms are increasingly important across different sectors outside tech, but they are only as good as the information and data that is programmed. If that data is too broad, an algorithm won’t be as effective.
AI technologies can learn and solve problems better than humans. Standard programming, no matter how advanced the technology, can never take the place of human judgment and interpretation.
So why AI is a welcome addition to the business landscape, it is not necessarily the job-killing bogeyman caricatured in tech journals. Real human expertise, reasoning and response will always make or break a successful business.