From helping you take care of email to creating personalized online shopping experiences, AI promises to transform the way we live and work.
But with all the hype out there, how do we know which benefits we’ll actually see? In order to learn more, I asked a few members of YEC the following question:
What is the top benefit you predict emerging from AI, and do you think the overall benefits will live up to the hype?
1. Elimination of repetitive tasks
The greatest benefit of AI — which is already emerging — is the elimination of repetitive tasks. From chat bots that can free up human staffers’ times to work on more complex issues, to scheduling AIs like x.ai that eliminate the need to schedule meetings, AI will ultimately help humans spend more time focusing on creative and high-mental-effort activities. – Brittany Hodak, ZinePak
2. Deeper personalization
I think the benefits of deeper personalization in terms of the ability to understand what each customer really wants and is interested in can be achieved through AI over time. It will live up to the hype because it’s already being used in some degree to illustrate how personalization is possible and how AI saves considerable time in getting to a deeper level of understanding of each customer. – Angela Ruth, Due
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3. Time savings
AI will save companies considerable time by doing tasks and collecting data as well as providing decisions based on that data much faster than human beings can do. It seems quite possible that AI has the capability of doing so much more than we can on many levels. It’s an exciting time to watch the changes that AI brings. – Murray Newlands, Sighted
4. Fewer screens
AI will enable us to interact with information as if we’re interacting with a knowledgeable individual. We won’t have to look at a screen to learn about anything, we can simply converse with AI. SIRI is already a reliable personal assistant when it comes to setting reminders, alarm clocks, sending texts, etc. AI will make it possible for us to do virtually anything with voice command. – Andrew Namminga, Andesign
5. Software and human teams working together
The biggest change that’s coming is the move from humans using software as a tool, to humans working with software as team members. Software will monitor things, alert humans, and execute basic tasks without human intervention. This will free human time for the really creative or interesting tasks and greatly improve business. A.I. is going to have a much larger impact than the hype. – Brennan White, Cortex
6. Automating more tasks
I think the greatest advantage of AI is the automation of tasks that will free up employees to focus on strategic initiatives. On the other hand, I don’t think it will be as big as predicted. There are still too many tasks that need a human touch to make them successful. We’ll see great benefit from AI in the more mundane areas, but you’ll always need the human brain for some tasks. – Nicole Munoz, Start Ranking Now
7. Personalized medicine
One of the top benefits will be the emergence of personalized medicine. Rather than a one-size-fits-all approach, doctors will be able to tailor treatment on an individual basis and prescribe the right treatments and procedures based on your medical history. As far as living up to hype, yes — definitely. Though as with many new technologies it’s more of a question of “when” rather than “if.” – Kevin Yamazaki, Sidebench
8. Incremental increases in productivity
No, tomorrow’s AI won’t live up to the hype. Freeing ordinary folks from repetitive tasks and giving them personal assistants only allows people to busy themselves with other, more complex tasks. The resulting productivity will mark incremental gains for business owners, but nothing on par with the digital revolution and the industrial one before it. For that, we’ll have to wait for the robots. – Manpreet Singh, TalkLocal
9. Improved quality of life
With each wave of technology advancement, the quality of life for the world overall has increased. With AI, we will have better personalized healthcare, more efficient energy use, enhanced food production capabilities, improved jobs with less mundane work, and more. People will lead longer and more high quality lives. – Adelyn Zhou, TOPBOTS
10. A day when most people no longer have to work
I believe it will be more like the science fiction movies, where we will maintain and work with the machines that do the work. However, these “jobs” will come with a level of prestige, as most people will probably live off a government sponsored socialism system. With AI and automation replacing so many jobs in the next 20 years, we will have to change social systems in order to adapt. – Andy Karuza, FenSens
11. Helping struggling communities and nations
While AI is critical for self-driving cars, the military, commerce, AI-driven SEO and gaming, it’s poised to make the most human impact in medicine and human behavior. Imagine the UN leveraging neural networks and deep learning to discover what helps some communities thrive and others fall behind. Those lessons can then be leveraged into community builders, city planners, grants and projects. – Gideon Kimbrell, InList Inc
12. Home automation energy savings
Artificial intelligence based home automation is the future. If everyone in the United States installed Nest or a similar smart thermostat, they would collectively save hundreds of millions of dollars annually in wasted energy since Nest is able to “learn” when people are or are not home. Nest and others automatically adjust temperature saving on energy use and costs. – Kristopher Jones, LSEO.com
13. Time and resource allocation
Artificial Intelligence will do wonders to help automate processes that, today, take time and manual labor but don’t contribute much to the bottom line or moving forward as a company. Automation will allow additional time and resources to be dedicated to what companies need to focus their energy on: customer experience. – Andrew Kucheriavy, Intechnic
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