Nearly a decade after decoding the Nazi encryption machine Enigma in World War II, mathematician Alan Turing raised a simple question that made headlines – “Can machines think?” Back then, it was a huge, notable reference to a world-changing technology, which is – Artificial Intelligence (AI).
Today, Artificial Intelligence (AI) is present almost everywhere in the world. From web design agencies to surveillance frameworks, everything and everyone revolves around this mind-altering invention. This incredible technology has allowed us to collect huge sums of information in this age of ‘big data’. Though AI has already been quite fruitful in several sectors, there is a lot more to get unveiled in the future.
Statistics from a 2018 study show that out of 1465 start-ups in Australia, 21% considered AI relevant to their products or services.
But what exactly is Artificial Intelligence? What is its history? How is it changing the world we know today? And what does the future looks like with it?
Well, everything you want to know about this ground-breaking technology is written in this article. Let’s discuss with the experts of a leading design agency in Melbourne!
- What is Artificial Intelligence?
Also known as machine intelligence, AI is the simulation of human intelligence in machines that are programmed to think, act and mimic like human beings. The technology can also be defined as a computer system, which is able to perform tasks that generally require human intelligence or problem-solving capabilities.
In the past few decades, technological advancements in machine learning and deep learning created a paradigm shift in AI and made this technology more effective and practical. Today, AI is a wide-ranging branch of computer science for building smart machines, an interdisciplinary science with myriads of approaches.
- What is the history of AI?
The concept of AI has been around for centuries where generations of scientists, mathematicians and philosophers tried to bring this surreal idea to reality. In 1956, John McCarthy first coined the term Artificial Intelligence, while attending the first academic conference on the subject. Though it has been studied for many decades, AI is still one of the most elusive topics in Computer Science.
- The early success of Artificial Intelligence
Speaking in retrograde, there was a big halt in the growth of AI in the early stages (1950-1975), because of the limited advancement of computers. The technology disclosed a number of blocks that mainly include the lack of computational power to perform tasks, meaning computers couldn’t store enough data or processes it in a faster way. But as time changed, new technological revelations took place, computers flourished and became faster, affordable and capable to store more information.
It was the early demonstrations such as Newell and Simon’s ‘General Problem Solver’ and Joseph Weizenbaum’s ‘ELIZA’ that enlightened the world with the concept of problem-solving and the interpretation of spoken language through machines. Also, the advocacy of leading researchers convinced government agencies to fund AI researches at a number of institutions. Optimism was touching the sky and expectations were transcending human minds. Yet, there was a long journey before machines could think abstractly and accomplish natural language processing.
- Modern-day Artificial Intelligence
Moore’s Law, which states that the memory and speed of computers double every year, finally became true with the new-age. Breakthroughs in computer science transformed the world into a tech-keen landscape where AI has been quite useful in several industries including surveillance, banking, marketing and entertainment.
You can imagine the scale up to which AI has extended from the fact that its research has grown by 12.9% in 2018 worldwide as compared to the previous 5 years. Currently, Europe is the largest region with the highest numbers of international collaboration within the field of AI research followed by China and the United States. With the on-going research and advancement in AI, it will be interesting to see how it will evolve in the future.
- How is it changing the world?
There is so much that AI is being used for, especially when it comes to businesses. It is used to collect and organise large amounts of data to make insights and decisions that are beyond human capabilities. It also increases organisational and workflow efficiencies, yet reduces the likelihood of mistakes and detected spam and frauds.
AI is also responsible for reducing costs in many ways. For example, training machines to handle customer support calls is a great way to save a large cost. The technology has become so important and advanced that a Japanese Venture Capital firm became the first company to nominate an AI Board Member for its capabilities to predict market trends faster than a human.
At present, the drastic use of AI in organisations, government systems, energy and natural resource management, etc., is taking place in different regions of the world. In fact, more people are acknowledging this technology. This leads us to the future that AI has to offer to us.
- What AI has to offer in the future?
‘AI will change how we relate to each other. I would argue that it will even change how we perceive what it means to be human’ – David Coplin, Microsoft’s Chief Envisioning Officer.
We are already on the cusp of the Fourth Industrial Revolution where the exponential changes to our lives due to the adoption of cyber-physical systems, IoT and the Internet of Systems will be seen. Smarter technologies like AI will dominate Australian factories and workplaces like digital agencies in Melbourne, with connected machines interacting and visualising the entire production chain, causing advancements in business with their decision-making and problem-solving capabilities.
AI will be and is becoming commonplace in our lives. The future looks bright with its applications such as self-driving cars, precise weather predictions, or prior health diagnoses. AI is already underway to become the next big thing. It is important to understand that in the long term, this technology will make machines surpass human cognitive abilities in all tasks, something like the robots we used to see in Sci-Fi movies.
The ever-evolving world is keeping Artificial Intelligence at the forefront. As Elon Musk and many other prominent tech-leaders speak about the immense potentials of AI in bettering the world systems, it’s appropriate to state that the entire world is undeniably acknowledging the technology and its mind-blowing applications. Soon, the AI species will work with us, all together.