The pace at which the development of modern technology has been moving since the beginning of the 21st century has left everyone in disbelief. Today, modern technology offers the kinds of options that were once only a dream and the high level that artificial intelligence was able to reach in such a short period is something that no one expected.
From robots replacing manual labor workers to self-driving cars and creating art and poetry, it is safe to say that AI has become an indispensable part of our economy, society and everyday lives.
How Does AI Impact Our Day-to-Day Lives
Over the last decades, AI has managed to permeate every aspect of our society and make people reliant and even unaware of using it while going about their daily routine. According to Joshua Wood, CEO of Bloc, AI promises to further enhance the way we live and work and it will shape the world we inhabit for long into the future, even revolutionize our society in a myriad of ways.
Personalized recommendations and the use of personal assistants like Siri or Alexa are one of the most used Al technologies. Companies have already started to implement this technology to streamline processes and automate tasks. Edward Mellet, Director at WikiJob, states that online shopping is almost impossible to imagine without AI since it’s heavily dependent on it, especially for web searches and social media ads. He points out chatbots as another valuable Al tool that provides round-the-clock customer assistance.
Michael Hess, e-Commerce strategy leader, identifies the use of robotic process automation (RPA) – AI technology as the main driving force behind faster-moving manufacturing processes. Combined with proactive monitoring and data analytics it leads to better quality control and increased profits in the industrial sector. He mentions that AI has already been introduced in the security sector of many governments as well. Surveillance drones, facial and voice recognition are only some of the aspects where AI has been already established.
How Will AI Affect Our Future
The future development and implementation of AI will have both positive and negative effects, but the balance between these two and the question of whether there will be more advantages than disadvantages is something that divides the experts.
Those who are optimistic about AI, like Rachel Saulpaugh, Senior Consultant at Wachsman, believe that the use of AI will bring more benefits arguing that this technology will help humanity reach its peak, from reducing employee burnout to predicting cancer risks.
Leon Bierhals, CTO at WREI, thinks that the implementation of AI tools in the medical field will become normal in the future and that AI will help to monitor our health and make personalized health advice by tracking our habits and lifestyle.
Experts have also pointed out the many benefits that AI will bring to the economy. It will lead to increased productivity and enable new business models that will crucially expand the growth of the economy and also cut costs to a minimum. However, Jeff Mains, the CEO of Champion Leadership Group LLC, claims that even though AI might surpass human performance it won’t necessarily eliminate the human need for employment offering career opportunities for AI engineers.
According to Rick Costa from Houselectric, AI will also affect the environment for the better by monitoring pollution levels as well as tracking wildlife. AI can also be used to predict future natural disasters by analyzing and predicting weather patterns. Zephyr Chan, founder of Living the Good Life, predicts that the enhanced AI plant health and weather monitoring systems will help bring agriculture to a new level.
Experts that have disagreed with this, like Deepika Adhikari, consultant at Thenaturehero, state that one of the greatest disadvantages of the exceptional implementation of AI technology will be the problem of privacy. They argue that AI could potentially be used to collect large amounts of personal data without our knowledge or consent and use it for malicious purposes.
Can We Expect AI And The Metaverse To Unite
Something that all experts agree on is that AI and the Metaverse will ultimately become one. The use of AI technology will be highly beneficial for the Metaverse in ways that AI tools can create a more realistic virtual environment. Daniel Chabert, CEO of Purple Fire, claims that we’ll see advances in the areas of augmented, virtual, and mixed reality which will lead to the possibility of immersive learning experiences.
Camila Picchiello, Senior Account Executive at Newlink points out that advances will also be noticed in the gaming world. AI can provide more realistic pre-modeled narration dialogues and interactions. It will create a more personalized space by adapting the game to the behavior and skills of the gamer and overall improving the quality of the immersive Metaverse gaming experience.
She also claims that the Metaverse is turning into a new marketing platform where brands have already started to take action. And, the introduction to AI will help to offer relevant content to each user from the data collected from smart devices.
Luke Watson from Future is Meta, claims that the unity of AI and the Metaverse will also provide financial institutions with more secure connections when users log into the virtual world. NPCs will automatically identify the user by name and load any relevant information about them.
Markus Levin, co-founder of XYO, touches on the expanded use of NFT which is a vital part of the Metaverse. The extreme use of AI to generate pictures can drastically change art in a way that has never been done before. Even though this hasn’t happened yet, many Metaverse artists are already embracing AI tools.
A Final Note
Even though the pace at which AI is developing is very fast and a little unpredictable, we still have a long way to go before we see its full potential and impact on the world. What is certain is the increased presence of AI in everyday lives. We are yet to see the benefits and drawbacks that the experts predict, and the ways they will affect us.
AI technology will definitely alter all aspects of society, economy and industry, but these changes won’t necessarily have harmful consequences. We believe that AI will improve our lives and open new unimaginable opportunities for growth and prosperity. And there is no doubt that AI is the future.
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