The term artificial intelligence (AI) may sound inspiring to some and frightening to others. But like it or not, AI is here to stay.
According to Marketsand Markets, the global AI market could reach $1,339 billion by 2030. In a Forbes survey, 77% of respondents expressed concern that AI will cause job losses. According to Cloudera’s Chief AI Architect Mansi Vartak, this fear is valid, but it can hold employees back from adopting new technologies .You may need technology acceptance to stay in your job.
Generative AI takes us “from idea to reality,” says Joe Edwards, director of product marketing at UiPath. Generative AI can create words, music, pictures or videos from just a few instructions. Social media has been buzzing this year with AI art, fake celebrity portraits, and posthumous music.
Generative AI systems are built using large amounts of data. According to Edwards, these models recognize patterns by studying images, videos and online transactions and can generate content on their own. Predictors say that AI used to be “predictive” in nature, but now it can create entirely new things.
Generative AI has many benefits. According to Vartak, this can be good writing – crafting a tweet, writing an email, or writing a fantasy story. In addition, tasks such as transcribing meetings and classifying data can also be performed.
But sometimes AI can give false or inaccurate information. For example, you ask the AI, “How many ‘r’s are in the word strawberry?” So a wrong answer may come. This mistake is called “hallucinating,” according to Vartak, a major problem with AI seeing the wrong pattern.
Another big issue with AI is that it can increase human bias. According to a report by the Washington Post, in 2023 AI images created negative stereotypes like racism and sexism. “These models tend to skew data so they don’t include minority groups,” Vartak says. So you should not always trust such information.
AI can be used in personal and professional life. After paternity leave, Edwards used AI to organize his mail. In addition, AI can help with birthday party planning, trip planning, recipes and real estate.
AI is being used in various ways in the industry, such as in the education sector where teachers can use AI to help them assess essays. In healthcare, doctors are using AI to improve patient visits and diagnose breast cancer and other diseases. Companies like Cloudera and UiPath are building private AI systems that are trained on less data to reduce information leakage.
According to Vartak and Edwards, trying to use generative AI can bring more productivity into your life.