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| AI Revolution |
Artificial Intelligence
Before Industrial Revolution or Machine Revolution, products used to be manufactured by hand, every company was making handmade products, which used to be required more manpower, more time, more space, more effort, and of course huge money for investment. Despite there was a lack of quality, production, and less profit with huge stress and much probability of loss.
After the industrial revolution everything got changed, now companies stopped making handmade products and switched to machine-made products, with less manpower, less time, less effort, and more profit, with a one-time investment. Along with so many benefits, magnificent product quality, more production, great profit, customer engagement, and a high probability of profit.
But the machine depends on the human being to operate, quality, effort, time, cost, etc., still depending on humans. Then engineers and developers thought to make machines smart to give the capability and intelligence of human beings, to work smartly without much dependency on human beings.
So it was time to make self-dependent machines, which have the same capability and intelligence as human beings, to do, see, hear, say, and think too. With this thought, AI was born and gave another revolution to the industry.
Where a machine or solution can work by itself without dependence on human beings. It impacted the industry and economy positively as well as negatively, let's know how it impacted -
AI-Based Communication
AI-affected communication whether it is written or verbal, communication sources are becoming AI-based, Voice communication, Text communication, Video communication, Sign Communication, Email communication, live chat communication, broadcasting, telecommunications, etc. are adopting AI solutions.
AI-Based Manufacturing
AI machines and software are available in the market that can automate manufacturing and production, thus, most giant companies are using AI-based machinery for their manufacturing and production.
AI-Based Reporting
Now an aggregated or detailed report for any department, work, process, etc., can be created and visualized within a few minutes, without any manual efforts, with amazing insights. Earlier it use to take much effort, time, manpower, etc., despite there could be a probability of corrections.
AI-Based Software Development
Now machines can do codes, yes you heard right, machines can make software too, and from time to time this scale will go up, and there would be very fewer needs for humans for software development and design.
AI-Based Services
From a Taxi to Food, you will find AI-based solutions everywhere, for self-driving, auto answering, etc., in most of the services you can find an AI-based system, which is making all tasks automated and sorted.
AI-Based Products & Tools
Companies are focused on developing AI-based products and tools for customers, you can see automated cars, smartphones, smart AC, 6 sense Refrigerators, mobile apps, home appliances, etc. because organizations know if they want to survive in the market then they have to be digitally transformed with AI solutions.
AI-Based Teaching and Education
When you will search the internet, you can find much AI-based software that can help you to learn, even educational institutes are also transforming into smart classes and the system is changing again.
AI-Based Traveling & Logistics
You can book your ride, you can track your ride, you can do many things, even you can send a parcel and you need to make a few clicks, and nobody can fool you for anything because you have all information, this thing shook travel and logistics industries.
AI-Based Designing and Printing
As we already know, companies are adapting AI-powered machinery, there are laser and automatic print and design machines, and now fewer people can run a big size of enterprise with AI-powered machinery and tools.
AI-Based Surveillance
CCTV cameras, vision analytics, and many more things are there in the market which can help you with surveillance and watching. You can easily control without keeping your eyeballs on the situation and activity.
AI-Based Data Collection
The data is information, it can be in the form of Text, Voice, Video, Image, etc. there are many purposes of data collection, it makes you powerful and capable, but it required more time, effort, manpower, and money. But with AI solutions, it can make easy and quick in a short time, with less effort, and very fewer manpower.
AI-Based Security
Rules obligations, Crimes, Theft, Surveillance, Controlling, Hacking, Alarms, etc. AI-based security systems can help you to be safe. You can see in many buildings there are AI-powered security systems which make it more meaningful.
AI-Based Traffic Control
With object detection and AI controlling the traffic as well, you can see on the road, there are automated signals with timers, and smart cameras to detect any normal or abnormal activity, etc. Earlier we use to see traffic.
AI-Based Entertainment
Most entertainment sources are becoming AI-based, from music to movies, games, swings, etc. you will find everything is getting smart, automatic, and self-dependent.
AI-Based Transactions
Now you can do transactions from anywhere within a few minutes, with complete security like the retina, fingerprints, etc. whether it's money transactions or data transactions, everything will be self-dependent, secured, and scheduled, with some permission you can easily activate the AI.
AI-Based Weapons
This is a high-tech weapons time where nuclear powers have become a trend for every nation, but AI-based weapons it changed the picture of the world, a single soldier can do the work of thousands of soldiers. Autopilot, Auto Machines, Drones, etc.,. there are many such examples.
>> Positive Impact
There are many positive impacts and changes of the AI revolution in Business, Economy, Politics, Medical, Science, Civils, and Personal life.
No Miss Out
After the AI revolution, there are very fewer chances to miss out on any activity, insight, information, attention, engagement, or anything which is coming under the AI solution which wasn't possible without the AI solution with such smoothness.
Without an AI solution, if you try to do that, it can take huge money, manpower, focus, time, space, etc., despite you can't get better results in the comparison of AI, Hence entities are moving toward AI solutions.
Process Automation
An AI solution can make the process smooth and automated, while you are sleeping or engaged in some other tasks, the AI is working for you, this way you can work on multiple tasks at the same time, and you can be present at many locations at the same time without traveling and spending too much time. This is a great impact on AI technology in the process.
e.g. You need to set some rules and schedule, then sit back or do some other work, all work will be done on time with great quality and insights. You can see in any manufacturing company, from raw material to quality test, manufacturing, testing, packing, etc. all things are performing automatically
Smart Work
You don't need to do very hard work, work smartly on multiple tasks at the same time, and get the best results. Now you need to make better decision-making only, and again the AI solution will help you with decision-making too sharing the Key Performance Indicators with you, and deep insights.
e.g. At the same time marketing, production, business process, meetings, etc., can be performed and all things can be managed by a single person.
Cost Cutting
An AI solution saves a big amount of money to invest, while a single person is doing multiple tasks at the same time, with less effort and amount of energy, and sometimes even nobody is needed for that process, in that case, the organization can save a big amount of money.
e.g. You may know the automated email replies or machine assistance from customer care support, etc.
High Speed
Earlier the outcome used to be very small after much effort and hard work, with a huge amount of time consumption, that's why things were costly, fewer, and progress was very slow, but with an AI solution, it doesn't need that much time, effort, and manpower.
e.g. you can see in any manufacturing company, from raw material to quality test, manufacturing, testing, packing, etc. all things are performing automatically with a very high speed of production and delivery.
Better Accuracy
An AI solution gives you better accuracy and results than manual work, even when you do some tasks using an AI solution you can know the accuracy too using AI solution, you can compare it with your other work or previous work, and it gives you more insights and clarity about the work and process.
e.g. KPIs for any department to make decisions, quantity, and quality matchup within a timeframe.
Work Efficiency
As you already know, with an AI solution, you can work smartly, saving time, money, effort, and many more things, but it doesn't affect work efficiency, all your work will be done even better efficiency than in the earlier stage (without AI solutions).
e.g. The order and inventory both are very difficult to manage if the demand is high, but the AI can manage that well.
Prediction to be prepared
What if you can be prepared about the loss and profit before any start?
There are many such things that you can forecast using the prediction capability of an AI solution. You can be prepared about the market, trend, inventory, demand, process, production, revenue, etc., which can be helpful to be prepared, and accordingly you can make your decision which can all set you in the profit.
Better Time Management
AI solutions impacted well and came out as better time management, like delivery, production, reporting, 24X7 work and services, etc. So AI solutions made a great impact on time management too.
Better Security and Surveillance
As we discussed above in the AI-based solution, AI impacted security and surveillance as well, with better security, better tracking, better solutions, better auditing, better encryption, better object detection, and spike detections.
Better Controlling
Alone you can do many tasks with all recording, so AI gives you the strength to control better than earlier without spending too much money, time, and manpower.
Better Decision Making
When everything is sorted and you can get AI reports for your process, you can make decisions through AI-powered reports, even you can be prepared for upcoming (future) problems or opportunities.
Better Tracking and Monitoring, No Excuses
No excuse, was working, was busy here, that happened, others are responsible, not my fault, etc., you can easily track and monitor all your processes, work, etc. Because people can fool human beings but they can't fool AI technology and machines.
Better Customer Relations
AI handles your new and old customers automatically, you don't need to be available 24X7 physically, but AI can be available 24X7 for your customers, and do all possible things to answer their queries, resolve their issues, and it can make them satisfied.
More Profit and Significant Growth
Financially or organizationally AI technology helps you to grow, you have better productions, insights, processes, and customer relations, then you are financially in profit, and you have a better process, tracking, reporting, etc., so you are organizationally growing.
>> Negative Impact
There are some negative impacts and changes of the AI revolution in Business, Economy, Politics, Medical, Science, Civils, and Personal life.
Jobless People
Though AI is saving effort, money, time, and many other things, just because companies are replacing human beings with machines, it affecting negatively labor, people are getting jobless due to the AI revolution, and the cycle is interrupting which can affect everyone.
Crime Rate
People are getting jobless, and so is increasing the probability of crime, because they need to do something to survive, they have skills but no job.
Health and Fitness Problem
AI is affecting health and fitness when all work is getting done by itself then it is making lazy, it gives stress, and many diseases are happening because human beings are going out of activities.
More Dependency on Machine
If the machine doesn't work, then there is 0 work until you fix that, so the AI revolution is all set so to be dependent on machines, and this is very dangerous for nature and human beings.
Low Human Controlling
Human is the best creature on the planet because it has control over most things, but due to the AI revolution, the human being is losing control over things one by one, and this thing can take human toward slavery.
Economy Getting imbalance
Somebody is growing somebody is getting down, the rich are becoming richer and the poor are moving towards poverty, it increasing the crime rate, and decreasing the GDP, so it's affecting the economy badly for underdeveloped countries.
Security Issue
Information or data is the power, with AI products, it is crossing the boundaries of privacy, which can be harmful to anyone, this is a very serious issue, you see google and amazon know most things about you, they can track you and they know your previous and next steps too.
