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  • Barsha Singh

A Decade of Progress as We Enter a New AI Era


Artificial intelligence is a notion that most people are unfamiliar with (AI). When 1,500 top business executives in the United States were questioned about AI in 2017, just 17% stated they were acquainted with the concept. [1] Several of them had no idea what it was or how it would effect their businesses. Many saw the enormous potential for changing business processes, but they were unsure how AI might be implemented inside their own firms.

Artificial intelligence has advanced swiftly, from autonomous vehicles to voice automation in homes, and is no longer simply an idea from science fiction movies and literature. Artificial Intelligence Future is approaching quicker than the 2054 projections made in the critically acclaimed film "Minority Report." AI will be better than humans at interpreting languages by 2024, writing school essays by 2026, selling products by 2031, producing a popular book by 2049, and performing surgeries by 2053, according to a study by academics at the University of Oxford. AI will become a fundamental part of our life in the next years, with super-intelligent computers surpassing human intellectual capabilities.

  • Imagine being able to enter your hotel room without using a key and instead using face recognition technology. Your face will serve as your identification, making daily transactions more convenient and efficient.

  • Why Prepare to have your things delivered to your door by tiny drones within minutes of making an order.

  • AI-powered virtual assistants will make human-like phone calls to arrange an appointment at your local salon, for example, recognising the complexity and context of the discussion.

  • Get ready to be operated on by a robot surgeon. A physical surgeon will simply be a spectator in the next several years as a robot conducts the operation and assists patients in better understanding their treatment choices.

These are just a few instances of how AI will alter the future. Artificial Intelligence (AI) is a term that refers to a Future development may seem far away, yet they will arrive sooner than we can imagine. Top technology firms are racing to integrate artificial intelligence into our daily lives, resulting in a really great and exciting artificial intelligence future.

AI is a technology that is revolutionising every aspect of life, despite its broad lack of familiarity. It's a versatile tool that allows individuals to rethink how they integrate data, evaluate it, and apply the insights to make better decisions. Our objective with this comprehensive analysis is to explain AI to policymakers, opinion leaders, and interested observers, as well as to demonstrate how AI is already transforming the world and offering significant challenges to society, the economy, and government.


We offer nine actions for moving ahead in order to maximise AI benefits:

  • Encourage researchers to have more access to data without jeopardising consumers' personal privacy.

  • Increase government investment in unclassified AI research.

  • Promote innovative methods of digital education and AI workforce development to ensure that workers have the skills required in the twenty-first century economy.

  • Form a government advisory body on artificial intelligence to provide policy recommendations.

  • Work with state and local leaders to ensure that effective policies are implemented.

  • Govern general AI concepts instead than particular algorithms.

  • Take bias accusations seriously so that AI does not repeat historical injustice, unfairness, or prejudice in its data or algorithms.

  • Maintain human supervision and control procedures, and

  • Punish bad AI activity while encouraging cybersecurity

Cloud Computing

IT pros may use cloud computing to store data and access resources through the internet. This addresses a lot of storage and security issues while also saving money since you only pay for the "cloud space" you utilise.

Cloud computing is also supporting another revolution in information technology: artificial intelligence. For some firms, AI systems are now a pricey investment, making them almost unavailable. However, cloud computing makes a library of machine learning tools accessible to the general public, bringing up new avenues for creativity.


Monitoring and Foresight

Any firm may be severely harmed by software and technological failures. It might cost the business money, effort, and perhaps reputation.

That's where the next technological breakthrough comes in. Cognitive systems currently exist that can anticipate and identify mistakes in other programmes. This may enable businesses react swiftly to catastrophic failures, or perhaps fully avert them.

IT workers may safeguard their organisation from a highly expensive catastrophe by adopting and understanding these preventive steps.


Proofs of Zero-Knowledge

With privacy concerns dominating the news this year, this technological development is in more demand than ever. Its popularity soared in tandem with the emergence of cryptocurrencies, which is fraught with privacy problems. The purchase of bitcoin is not always a secure process, leaving users vulnerable.

In this situation, zero-knowledge proofs are utilised to safeguard consumers and keep transactions private. This may prevent sensitive information from being leaked, which might be a major issue for a company.

A zk-SNARK is an example of a zero-knowledge proof (zero-knowledge succinct non-interactive argument of knowledge). They may be excellent at keeping private information secret, but they come with significant drawbacks. They're sluggish and complicated to set up, and if the cryptographic key is lost, the whole system collapses


Democracy consolidation

Data-based inspection, combating misinformation and cyber threats, and providing access to high-quality information might all help to strengthen democracy. AI might also promote diversity and openness by removing the potential of bias in employment choices and replacing it with analytical facts.


AI, security, and protection

Massive data sets might be processed quicker, prisoner escape risks analysed more correctly, and crime or even terrorist acts anticipated and averted, hence AI is expected to be employed increasingly in crime prevention and the criminal justice system. Online platforms are already using it to identify and respond to illegal and unacceptable online behaviour.

In the military, AI might be used to defend against hacking and phishing, as well as to target vital systems in cyberwarfare.


CONCLUSION

To summarise, artificial intelligence and data analytics are poised to disrupt a wide range of businesses. In banking, national security, health care, criminal justice, transportation, and smart cities, significant deployments have already revolutionised decision-making, business models, risk mitigation, and system performance. These findings have huge social and economic repercussions.

Over the previous decade, AI has made significant progress, and the widespread usage of deep learning has had a significant impact on numerous key milestones. Corporations must deliver on the promises they've made about AI's potential in the next decade as money rushes into new initiatives; otherwise, the possibility of major interest vanishing remains. As we prepare to enter the next chapter in AI research and broad application in business and society, it's vital that we examine the prior decade's significant successes.

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