Though AI has been present for decades, it only recently managed to get the attention it deserves. Now AI stands as one of the most powerful technologies in the world with incredible potential to reshape several major industries. New capabilities of AI are being researched while the technology itself garners more attention with each passing year.
But despite all its popularity, AI is still shrouded in myths which is one of the reasons why many organizations are reluctant to invest in AI. They don’t know what to believe and what not to believe on this strange new technology that can potentially make a system intelligent or even self-aware.
Here are a few of the most popular AI myths.
AI systems are independent and don’t need humans to operate them
For an AI-based system to learn new things, data need to be fed into it. AI-based systems depend on human operators to provide them with output conditions. It’s humans that govern how an AI-based system is operating and what type of data are fed into it. At present, AI solutions serve narrow purposes focused on predictive analytics and smart user interactions.
AI is dangerous
The myth stemmed from sci-fi film portrayals of AI as a malevolent technology that will attempt to wipe out humans to preserve the ecosystem. AI is far from it however and only possesses the same level of danger as most other widely used technologies today.
AI-based systems are designed to handle specific use cases or solving specific problems. Even when solving problems, the system typically don’t make important decisions by itself. The decision-making is still done by humans. AI-based systems are used primarily for historical data analyses to augment security and user experience, increase leads and sales, and accelerate business growth.
We are close to cracking AI completely
With all the present hype surrounding AI, people think we are actually close to mastering the technology fully. On the contrary, humans have only learned to leverage AI for narrow purposes like speech recognition. A machine that can think and perceive things all by itself like a human being is still a sci-fi concept. Even the latest robots are programmed for specific purposes and have limited self-learning capabilities. They are not ‘sentient’ yet.
AI can figure out data better than humans
AI is not capable of understanding all types of random, disorderly data. Data quality is vital for an AI-based system to serve its purpose. The system requires data relevant to the problem it’s expected to solve, and specific to a set of conditions it’s expected to take into account. There is a misconception that an AI system will provide the right answer if enough data is simply fed to it.
AI cannot make sense of certain broad data or data that have not been processed to be fed to the system. The wrong type of data will result in the system giving erroneous results.
Even as AI’s accomplishments keep increasing, it still hasn’t evolved enough to possess the capabilities of human intelligence like creative thinking and personality. However, it still can give businesses great competitive edge in this age. AI’s benefits make it one of the most invested technologies this year. As people understand AI better and separate myths from facts, the technology will gain even more momentum.
AOT can help your business leverage tailored AI-based solutions that can help you stay ahead of the curve under dynamic market conditions. Get in touch with us to learn more about our AI expertise.