Artificial intelligence (AI) refers to the capability of a computer or a computer-controlled robot to perform tasks typically requiring human intelligence and judgment.
Over the years, AI has evolved from basic machine learning algorithms to advanced concepts like deep learning. This advancement has enabled companies to address complex challenges such as fraud detection, medical diagnosis, weather forecasting, and more.
AI can be categorized into various types, including rule-based systems, expert systems, neural networks, and more. While each type functions differently, they all depend on algorithms and data to make decisions and predictions.
AI offers numerous benefits, including enhanced efficiency, accuracy, and speed in completing tasks. However, it also comes with potential risks and challenges, such as job displacement, biased decision-making, and the risk of misuse.
Machine learning, a subset of AI, involves training algorithms on large datasets to enable them to make predictions or decisions. It serves as a fundamental building block for many AI systems.
AI is anticipated to transform the workforce and job market significantly, potentially causing job displacement while also creating new roles that demand different skill sets.
