In the current technology landscape, artificial intelligence and automation are emerging as a modern-day technology revolution that will revolutionize how we live, work, and play. Rather than being a replacement for humans, automation and artificial intelligence are enabling businesses to make the most of their human resources, adding significant value to their productivity and capacity. PwC’s Global Artificial Intelligence Study states that by Exploiting the Artificial Intelligence Revolution, AI could add up to $15.7 trillion to the world economy by 2030.
Automation and Artificial Intelligence (AI) are two of the most popular and controversial topics in tech and business these days. Automation is the process of taking a task that was traditionally done by a human and performing it automatically. An example of this would be to have a software program automatically watch the news and send out Twitter updates about current events. Artificial Intelligence (AI) is a branch of computer science that attempts to replicate human intelligence.
For a variety of reasons, most businesses have been leaning on automated systems to manage their operations for a long time now. They ease the burden of maintaining a large workforce, which allows them to focus on their core business, and also to reduce their expenses. Today, automation has been a boon to most businesses.
Let us discuss artificial intelligence and automation in detail.
What is Artificial Intelligence?
Artificial intelligence (AI) has been around for decades, but its use has skyrocketed in recent years. From computers that can identify images and voices to those that can complete complex tasks, AI is almost everywhere.
But what exactly is it?
Artificial intelligence is a broad set of technologies that attempt to emulate “cognitive” functions that humans use in everyday life, such as learning, reasoning, and problem-solving, and at varying degrees of success. AI is often considered synonymous with machine intelligence and big data, and the technology is often used to improve human performance, such as in self-driving cars and virtual assistants.
What is Automation?
Automation is the concept of replacing human work with machines. It’s also the reason the world is becoming more automated. It touches our lives in countless ways. From the mundane to the more radical, automation represents a broad field of technologies that reduce human intervention in processes. Automation technologies range from the mundane, such as computerized clocks and coffee pots, to the more radical, such as self-driving cars and humanoid robots.
Automation is all around us, but it is often misunderstood. The modern world has taken great strides in automation, which has led to new types of jobs that haven’t existed before. At the same time, it has also created new types of jobs that were once thought to be impossible. Automation has both boosted and diminished human productivity.
All in all, automation and artificial intelligence are not too different, but they are different. However, the distinction between the two is not important, it’s their similarities that matter most. The benefits of AI include making our lives easier by automating the more tedious tasks.
In summary, the rise of automation and artificial intelligence is leading to a new industrial revolution that will completely transform business models. This trend will be driven by the consumerization of IT, the influence of social media, long-term trends in globalization, population growth, urbanization, aging, and economic growth.