In this modern era, the rapid development of Artificial Intelligence (AI) has indeed revolutionized many industries. It has changed the way people work and interact with the equipment of the organizations. Well concerning about the potential drawbacks of the Artificial Intelligence, I personally believe that the benefits of the use of Artificial Intelligence in work far outweigh its disadvantages.
To begin with the positive sides of Artificial Intelligence in company use, there are significant advantages of it. Firstly, it helps to increase the overall productivity in less time. Artificial Intelligence streamlines the business process with automation and less human intervention to get maximum throughput quickly with less human error. Additionally, it also helps organizations to find out the improvements in their manufacturing processes. It generates a statistics report based on previous data analysis and predicts more accurate steps to improve the business process. To demonstrate it, latest article published in the United States reports that Tesla has increased its revenue by 10% by using AI powered equipment in its organization. Furthermore, the use of Artificial Intelligence in education and healthcare also have some benefits like extending students’ knowledge about any theories and enhancing the patient’s treatment process by finding proper solutions for diseases.
Besides the advantages, there are some critical concerns and drawbacks about the use of Artificial Intelligence in business such as increasing unemployment and higher integration costs. More and more usage of Artificial Intelligence reduces technology have some critical risks like increase in unemployment, but my personal thought are that its positive factors far outweigh its drawbacks by helping in increasing productivity and making improvements for businesses.the need of humans, which leads to an increase in unemployment. Moreover, integration of an Artificial Intelligence in industry is not an easy task and requires to hire more skillful person who charges much which effects as a higher integration cost. For example, company named Corinna has invested about 1 billion euros to integrate generative AI in their existing platform.
To conclude, the enhancement in Artificial Intelligence and technology have some critical risks like increase in unemployment, but my personal thoughts are that its positive factors far outweigh its drawbacks by helping in increasing productivity and making improvements for businesses.