Debunking 5 Myths about AI
Artificial intelligence (AI) is the technology that makes machines capable of simulating the cognitive abilities of the human mind, making them exhibit problem-solving, learning and basic decision-making capabilities – something that is not usually expected from a machine. In other words, AI is the branch of technology that makes machines think like humans, which opens the door for unlimited possibilities. Here we have some of the experts from the field of AI talk about what this technology is capable of and how it’s all set to change the future.
However, not everyone today has a clear idea about the capabilities of AI and what all things are possible to achieve with this technology. Even though we have made significant progress in the field of AI, we still have a long way to go before AI can completely take over the role of humans and make machines think with the same level of complexity like humans do. Also, on the other hand, we have people who simply underestimate the power of AI as we know it today. They don’t see why enterprises should invest in AI and tend to dismiss its potential. It is these two extreme perceptions about AI that have led to the emergence of several myths on AI technology. It's time to debunk the myths and get to the truth behind them.
Myth 1: AI algorithms can make sense of any data
Reality
This is a very common myth when it comes to AI technology as people tend to believe that AI is "load and go" which implies that it will give the same results with any kind of data. The reality is that AI works on algorithms, which are nothing but programs, and we know that programs can function as expected only when they are fed with the right data. AI is no different and requires carefully curated high quality data in order to give the best results.
Myth 2: Businesses do not need AI Technology
Reality
While there are many people who might tell you that it's just too early to invest in an AI based strategy for your business, the truth is that your business needs an AI strategy right now in order to gain a competitive edge. The leading enterprises today in every field are waking up to the significance of including AI in the business strategy. With the right use of the technology, businesses can witness significant returns.
Myth 3: Implementation of AI requires huge investment and a team of experts
Reality
Many people believe that the implementation of AI is very expensive and also calls for a team of highly qualified experts for successful implementation. While this holds true for the big names like Google or Apple that invest in developing advanced and breakthrough technology and products based on AI, not every other business needs to invest a fortune for using AI technology for all its benefits.
Today, there are software available in the market that are powered by AI and are designed to help Enterprises make use of AI technology to overcome their business challenges. 3RDi Search is an example of
an enterprise search platform that is powered by AI to help enterprises make the best use of data and derive deep actionable insights.
Myth 4: AI can match the intelligence of the human brain
Reality
AI is nothing but a technology that enables machines to understand and process human language. This makes many people consider AI to be as smart as humans or even smarter. Today, we have intelligent humanoids like Sophia that can interact with humans and answer questions. However, AI still has a long way to go before it can outsmart human intelligence.
Myth 5: AI will take away our jobs
Reality
This is more of a fear than just another myth, and we hate to admit that this is even partially true. However, blaming AI alone for a scenario like this is not fair because throughout history, we have witnessed countless instances where technology has replaced manual processes. The potential of AI in automating repetitive tasks with zero errors is commendable, which will result in loss of jobs for some. However, experts say that it's a small price to pay for embracing technology that makes a huge difference to the world as a whole.
So that was about the common myths about AI and the truth behind them. Did this help you discover the reality behind any of your perceptions about AI? Share your thoughts with us.
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