Artificial intelligence (AI) is still widely misunderstood by the general public. Despite the lack of information circulating about it, AI will soon become a part of our everyday lives whether we know it or not and, in some cases, already is. No single human or large groups of humans can do the research and analysis of a single supercomputer. While there will always need to be a human aspect of all sectors, they may begin to look very different in the not so distant future. That is why the following list of ways in which AI will be closely integrated to the economy. The implications of artificial intelligence, in no particular order, are as follows:
- Automation in manufacturing
- Self-driving vehicles
Let us dive into the specifics of each of these areas.
Automation in manufacturing
The most modern factories in the United States have already turned to AI in the form of automated manufacturing. These machines can be used to assemble anything from the smallest electronic devices to large automobiles. While some argue that automating manufacturing will reduce the number of jobs that a business can offer, the additional income of higher productivity will allow the business to expand more quickly and hire for positions that a machine could never replace. Although it may change the world of manufacturing, artificial intelligence is a tool for humans to work together with, not against. Automation will also help consumers purchase products for a lower price. As the supply of these products rises, the cost will come down meaning that consumers will have more of their hard-earned dollars left in their pocket each month.
One of the largest industries in the United States is that of automobiles. While it is already well documented that manufacturing plants are using artificial intelligence in automation for their manufacturing, it is important to note that it is beginning to be implemented into self-driving vehicles as well. Artificial intelligence has the ability to take in massive amounts of data all at once to best move your vehicle between two points. It is able to use traffic patterns to then best plan a trip to minimize the time in the car. It is also well documented that self driving vehicles do a better job of keeping passengers safe than human drivers. While there is still work to be done, self-driving vehicles using AI are closer to becoming mainstream and easily-accessible than anyone ever thought.