Advantages of Artificial Intelligence:
1) Reduction in Human Error
The phrase “human error” was yielded because individuals make errors 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) Takes risks instead of 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 situations where human intervention can be hazardous.
3) Available 24×7
An Average human will work for 4-6 hours a day excluding 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 off been 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) Helping in 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 in order 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) Digital Assistance
Some of the highly advanced organizations use digital assistants to interact with users which saves the need for human resources. The digital assistant 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 becomes hard to determine that we’re chatting with a chatbot or a human being.
Disadvantages of Artificial Intelligence:
1) High Costs of Creation
As AI is updating every day the hardware and software need to get updated with time to meet the latest requirements. Machines need repairing and maintenance which need plenty of costs. It’ s production needs enormous costs as they are very complicated machines.
2) Making Humans Lazy
AI is making humans inactive with its applications automating the preponderance of the work. Humans manage to get addicted to these discoveries which can create a problem for future generations.
As AI is replacing the majority of the repetitive tasks and other works with robots, human interference is becoming less which will cause a major problem in the employment standards. Every company is contemplating to replace the least qualified individuals with AI robots which can do comparable work with more productivity.
4) No Emotions
There is no doubt that machines are much better when it comes to working efficiently but they cannot replace the human connection that makes the team. Machines cannot acquire a bond with humans which is an indispensable characteristic when comes to Team Management.
5) Lacking Out of Box Thinking
Machines can perform only those tasks which they are designed or programmed to do, anything out of that they tend to crash or give irrelevant outputs which could be a major backdrop.