Artificial intelligence (AI) has come a long way since John Mccarthy first introduced the concept in the mid-1950s. Beginning from gigantic computing systems, AI has become so integrated into our everyday lives that we sometimes forget even the simplest routines using the same technology.
The use of AI also translates into the professional world and has seamlessly found its way into almost every industry. From healthcare to finance, education to politics, AI has become an invaluable part of each sector. This also means the future of artificial intelligence impacts careers for everyone.
Recently, Joblu hosted a webinar for students of the University of the East to get a deeper understanding of AI and its real-world implications as part of Joblu’s ongoing efforts to help students be career-ready. Joblu founder and CEO Abhii Dabas provided attendees with a clear picture of the future of artificial intelligence.
In this post, we will analyze what AI is, its presence in different industries, how the use of artificial intelligence affects professional industries, and why artificial intelligence is the future of technology.
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What is Artificial Intelligence?
According to Dabas, “Artificial intelligence refers to the simulation of human intelligence in machines that are programmed to think like humans and mimic their actions.” One of the key features of AI is “the ability to rationalize and take actions that have the best chance of achieving a specific goal.”
In other words, AI uses information and previous actions to learn and make decisions to arrive at the desired outcome. This ability to use historical data and commands to make autonomous actions is what sets AI apart from regular computer technology.
Furthermore, genuine AI goes beyond problem-solving, navigation, and classification of information. Instead, it uses its own “mind” to analyze, interpret, and apply data the same way humans do. With every new information, action, and reaction, genuine artificial intelligence expands its knowledge, reasoning, and behavior to “grow and develop.”
Where is AI used?
The developments in AI have led to its pervasiveness across multiple industries. No longer confined to the field of computer science, AI has become a huge foundation for technological advancements in the worlds of medicine, banking, government, fashion, journalism, and career planning.
Here are the different ways artificial intelligence is used in several industries.
- Artificial intelligence in Education
- Artificial intelligence in Healthcare
- Artificial intelligence in Finance
- Artificial intelligence in Governance
- Artificial intelligence in Career Planning
1. Using artificial intelligence in education makes it easier to personalize the learning experience to the needs of children
There are many different types of intelligence and many different ways of learning. AI can help bridge the gap between traditional teaching methods and the ever-changing world of academics. Automated online tutors, customized teaching materials, and detailed analyses of learning results are just some of the ways artificial intelligence in education can enhance the learning experience.
Even teachers and mentors can use technology to improve their skills. They can automate recurring tasks (grading and making lesson plans), and identify teaching patterns that work best with students.
2. Faster breakthroughs in medicine can be achieved by applying artificial intelligence in healthcare
One of the uses of artificial intelligence has been to help in research and development in healthcare. Some use AI to make more accurate diagnoses of patients, predict risk factors in children, find a cure for cancer, and even just to organize files and research notes.
Using AI in healthcare is about making more accurate life-saving decisions. It is primarily used to treat illnesses, study new diseases, and create accessible solutions to human sickness. It can even be applied to healthcare institutions to improve the efficiency of operations and systems.
3. More people can enjoy financial stability and long-term security because of AI
One of the advantages of using AI in finance is the significant reduction of risk and unpredictability. AI is used in risk management, wealth forecasting, stock predictions, and better personal finance management. Because of AI, common people can also enjoy more security during everyday transactions and long-term investments.
AI is also used for added security and privacy in the banking world. Advanced cybersecurity measures, facial recognition, and biometrics help keep accounts locked and safe. Plus, AI is also used to make smart financial decisions by projecting various outcomes for various situations.
4. Most governments use AI in public safety, military, and economics to improve standards of living
The use of artificial intelligence in public governance is mostly to keep the economy in good shape and to keep the country safe and orderly. Heightened security technology, sophisticated economic models, and public policy management software are just some examples of AI in this field.
Those working in the public sector mostly rely on AI technology to safely test our economic theories, military weapons, and security software without endangering other people. AI allows them to experiment with near 100% accuracy and manage resources better.
5. Career planning and job hunting are tailored to individual strengths and interests because of AI
Instead of sending out the same, generic resume to multiple employers, it’s better to select fewer job opportunities that would be a good match for each applicant. At Joblu, we take the time to help both candidates and employers find the perfect match.
With AI technology, we provide both parties with a curated selection of people and opportunities based on their profiles to ensure higher chances of success. Our convenient swiping feature makes it easier to go through options faster. Plus, we go beyond traditional constraints of geography – we also match overseas workers with employers worldwide. Talk about breaking boundaries, right?
Frequently Asked Questions About Artificial Intelligence
Q: What is artificial intelligence?
A: AI refers to the simulation of human intelligence in machines that are programmed to think like humans and mimic their actions. It is the ability to rationalize and learn from previous commands and historical data to make decisions that lead to the best possible outcome.
Q: What are examples of artificial intelligence?
A: Some examples of AI include natural language processing, facial recognition, biometrics, chatbots, digital assistants, and social media algorithms.
Q: What are the 4 types of artificial intelligence?
A: The 4 types of artificial intelligence are reactive, limited memory, theory of mind, and self-aware. Reactive AI is reliant on input-based commands. Limited memory AI adapts to new data by using previous commands. Theory-of-mind data is fully capable of learning new data and retaining long-term historical information. Self-aware AI is sentient in theory and aware that they are “alive.”
Q: How is artificial intelligence used across industries?
A: AI is used in almost every industry, including finance, education, healthcare, public service, economics, and the military. Many industries rely on the future of artificial intelligence to get more accurate predictions, more comprehensive data analysis, and to reduce risk in theory experimentation.
Q: What are the benefits of artificial intelligence?
A: The top benefits of using AI include improved efficiency, risk reduction, accurate data forecasting, automation, and higher problem-solving capabilities. AI multiplies the abilities of humans and resulting outcomes to enhance the overall quality of life.
At the end of the day, artificial intelligence is the future of technology. It has seamlessly integrated itself into everyday life. The advancements in industries and breakthroughs every day across the globe can be attributed to AI. As the world progresses, professionals must learn to adapt and maximize the many benefits technology offers and find ways to use the same tech to improve society.
Looking for a new professional opportunity? Interested in switching career paths? Sign up for JOBLU, the trusted job portal for overseas job seekers and employers worldwide. Find the right match to grow your skills and advance your career. Download the Joblu app today.