On May 11, 1997, IBM’s Deep Blue Artificial Intelligence program bested Gary Kasparov, the reigning world chess champion and grand master. While AI research and development had been going on behind the scenes since the 50s, it was the very first time that laymen got to see the true potential of the technology. Since then, AI has advanced faster than most people could ever imagine and is currently powering many different aspects of society to provide solutions.
Of course, the advancements have partly been driven by Internet penetration and faster adoption of computerized devices, from PCs to smartphones and tablets. Thanks to the same factors, many other industries have also made impressive strides. For instance, in the gambling sector, players don’t have to go to land-based establishments as there is the availability of licensed iGaming sites like the https://vulkanvegas.com/en. Likewise, even professionals in many industries can work remotely instead of having to commute and report to offices every other day.
So, no doubt, there isn’t a better time for AI than what we have right now. We’ve had the likes of Chat GPT achieve what was never thought of before, and so much more is in the pipeline regarding. That said, what else should we look forward to concerning AI? Let’s walk you through the possibilities that are expected to become a reality in the near future.
More Accurate Future Predictions
With the swathes of information floating about, we already have enough data and analytic systems to make accurate predictions. For example, financial statements and elements such as cash flow and turnover reports are generated using data and analytic systems that use the information we feed to computers.
Bringing the point closer to home, top social media platforms like Facebook, TikTok, Twitter, and Instagram use AI analytics to try and predict what is in your head. Now, since this form of machine-operated intelligence is becoming even more personalized, we expect more accuracy in the personalized experiences users get on these platforms.
Revolutionary Consumer Experiences
Next-gen consumer experiences like the metaverse and cryptocurrencies are likely to inform and have more significant connections to the simulation of human intelligence. At the heart of all these revolutionary experiences are industries putting personalization at the forefront of all their strategies. From the pre-Internet dawn to the height of Internet popularity, personalized customer experiences have unequivocally become central to all consumer-based experiences.
Personalization now goes beyond just offering a good first impression to customers. It relates more to being ready to serve the customers in whatever way they need. Some of the benefits we have seen from this technology when it comes to customer experiences include:
- Streamlined purchase procedures;
- Better self-service systems;
- Visual, text, and voice engagement;
- Simplified seller-consumer processes;
- More efficiency and productivity.
Profound Transformation in the Health Industry
Thanks to Artificial Intelligence, the healthcare industry is primed for so many revolutionary changes. One fundamental health-related concept set to be transformed by AI is genomics. Researchers in medicine are turning to this technology and machine learning in pursuit of meaningful patterns for healthcare and research purposes.
Predicting the hidden patterns when it comes to genomics will ultimately help figure out diseases, and probably help come up with potential treatments. Modern machine-operated intelligence could also be shaped to help predict drug efficacy and the side effects that relate to many drugs.
Enhanced Regulatory Frameworks
As more and more companies continue to invest in AI-related frameworks, the expectation is that the powers that will start circling in on tighter regulations. These frameworks may entail requirements around explanations of individual models, as well as detailed analysis of how models were configured and trained.
Thus, before governments introduce stricter codes of conduct for machine-operated intelligence, it would be wise for Artificial Intelligence companies and industries to employ appropriate guardrails that would shield them from impending legal and regulatory failures.
Greater Emphasis on Ethics and Responsibility
Structured regulatory frameworks for the simulation of human intelligence also tie in with responsible use. The topic of the ethical usage of the technology has recently come up with many musicians and recording labels not impressed with how Artificial Intelligence has been used to generate songs that artists haven’t signed off on.
Besides the pertinent issue of artistry integrity, AI has also been known to propagate individual biases. After all, Artificial Intelligence is tailored to mirror personality traits. To counter such, businesses will likely need to enhance transparency when coming up with their new models to alleviate stakeholder and societal concerns. How that is practical with regard to data security and potential breaches remains to be seen.
How Do You See the Future of the Future Technology?
Artificial Intelligence is continuously expanding and making great strides, and you can see that the sheer volume of possibilities regarding its trajectory is quite simply mind-blowing. Stay tuned to our platform as we’ll keep updating you on the latest AI advancements. Our bright and beautiful AI-fueled future is, of course, guided by ethics and responsibility.