Artificial Intelligence is one of the emerging technologies that is impacting significantly on business and human lives. A large number of AI solutions have been introduced and supprised the whole World on how powerful it is. Artificial Intelligence has turned inanimate machines into thinkable, learnable, and helpful assistants for humans. The advantages of Artificial intelligence applications are enormous, and they are revolutionizing any professional sector. Some outstanding benefits of AI have been collected and illustrated in the article below. Let's explore:
1) Artificial Intelligence diminishes human error:
The phrase “human error” was born because humans make mistakes from time to time. Computers, however, do not make these mistakes if they are programmed properly. With Artificial intelligence, the decisions are taken from the previously gathered information applying a certain set of algorithms. So errors are reduced and the chance of reaching accuracy with a greater degree of precision is a possibility.
Example: In Weather Forecasting using AI they have reduced the majority of human error.
2) Artificial Intelligence empowers machines and allows them to take hazardous tasks for humans
This is one of the biggest advantages of Artificial intelligence. We can overcome many risky limitations of humans by developing an AI Robot which in turn can do the risky things for us. Let it be going to mars, defuse a bomb, explore the deepest parts of oceans, mining for coal and oil, it can be used effectively in any kind of natural or man-made disasters.
Example: Have you heard about the Chernobyl nuclear power plant explosion in Ukraine? At that time there were no AI-powered robots that can help us to minimize the effect of radiation by controlling the fire in early stages, as any human went close to the core was dead in a matter of minutes. They eventually poured sand and boron from helicopters from a mere distance.
AI Robots can be used in such situations where intervention can be hazardous.
3) Artificial Intelligence is always available.
An Average human will work for 8–10 hours a day including the breaks. Humans are built in such a way to get some time out for refreshing themselves and get ready for a new day of work and they even have weekly offed to stay intact with their work-life and personal life. But using AI we can make machines work 24/7 without any breaks and they don’t even get bored, unlike humans.
Example: Educational Institutes and Helpline centers are getting many queries and issues which can be handled effectively using AI.
4) Artificial Intelligence can handle repetitive jobs:
In our day-to-day work, we will be performing many repetitive works like sending a thanking mail, verifying certain documents for errors, and many more things. Using artificial intelligence we can productively automate these mundane tasks and can even remove “boring” tasks for humans and free them up to be increasingly creative.
Example: In banks, we often see many verifications of documents to get a loan which is a repetitive task for the owner of the bank. Using AI Cognitive Automation the owner can speed up the process of verifying the documents by which both the customers and the owner will be benefited.
5) Artificial Intelligence can provide imperative digital assistance:
Some of the highly advanced organizations use digital assistants to interact with users which saves the need for human resources. The digital assistants are also used in many websites to provide things that users want. We can chat with them about what we are looking for. Some chatbots are designed in such a way that it’s become hard to determine that we’re chatting with a chatbot or a human being.
Example: We all know that organizations have a customer support team that needs to clarify the doubts and queries of the customers. Using AI the organizations can set up a Voice bot or Chatbot which can help customers with all their queries. We can see many organizations already started using them on their websites and mobile applications.
Those advantages can be applied variously into business use cases.
For more use cases leveraging various industries, let's read the article: Top 5 Industries benefit from Artificial Intelligence
AI is the technology of the future, the sooner businesses leverage the benefits of AI, the sooner they will enhance their competitiveness in the market.
For more insights on AI, contact TPS Software to have free consultancy.