Artificial Intelligence(AI), a term which makes most of the manufacturing and software sector employees dread. Although AI is taking over most of the fields, these are the forefronts which will be taken over first.
But AI is the future and we can’t run away from it. As the nature of human civilization suggests, a change is always unwelcome and is faced by fear and protests, same was the case with computers and is the case with AI.
Misconception
The fear of AI in people is mostly because of misconception. AI will bring with itself many jobs as augmenting it with human intelligence will make humans more productive. At present we are far away from full automation and therefore no job crisis will be there instead AI will help increasing manufacture and therefore solve the resource crisis in the world.
Future Market Scenario
The future market will change as low skill level jobs will be fully automated but high skill jobs will be in ever-increasing demand. Research and innovation will gain new heights as more brainpower will work towards finding solutions to complex problems rather than doing physical labor. There will be a boost in manufacturing as efficiency will increase manifold. Therefore the coming years will be the golden years for human civilization.
Decentralization
Blockchain
The amount of data being generated in the age of INTERNET is tremendous. The one with control of largest amount of data will rule the world. However BLOCKCHAIN is the solution to this centralization of power. The technology of blockchain will keep big internet players from gaining control over world politics thus saving us from another colonial era.
The AI Bubble
It’s tempting for every entrepreneur to package his or her company as an AI company, and it’s tempting for every venture capital to want to say that I am an AI investor. But AI investing is not for the novice. For people who try to get into early stage of AI without understanding the technology, they will lose their shirt. And there will be many bubbles that start to burst towards the end of the year. However AI is not going anywhere, there will be many successful cases pushing AI forward but many cases of bankruptcy too which will gradually slow down the investment in AI as investors will become more cautious in lending their hard earned money.
Conclusion
Transformers and Terminators are just fantasies and are not going to come alive in the near future. However cyber warfare will replace the traditional warfare. The one with control over data will rule the world and influence world politics as was done by the Russians in the United States and Cambridge Analytica in India.