THE PROS OF ARTIFICIAL INTELLIGENCE:
- AI is proven to be accurate and help to reduce unnecessary error while solving complex real world problems.
- Al is capable of performing repetitive tasks without decline in productivity.
- In contrast to human agents that can only provide 7-8 hour service per day, AI provides 24/7 service to an organization.
- AI powered machine adopt cognitive computing that helps to make practical decisions in real-time.
- It is applicable in various fields including medicine where it is used to predict breast cancer during earlier stages.
THE CONS OF ARTIFICIAL INTELLIGENCE:
- Implementation of AI technology requires great effort and high costs.
- Investing in AI will replace human agents, thereby increasing unemployment rate.
- AI is limited to the rules and algorithms used in building it and therefore, cannot become as creative as humans.
- Although intelligent, AI lacks judgmental power as it is not aware of morals, rights, and wrongs.
- AI lacks improvement and therefore, its results may have inaccuracies and cause great losses.
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