Rise of AI: opportunities and risks

Artificial Intelligence (AI) has quickly evolved from science fiction to a useful tool in our daily life. AI is spearheading a technology transformation that presents both great potential and significant concerns, ranging from smartphones and smart homes to healthcare and transportation.

Efficiency gains are among AI's most important advantages. With the use of AI-powered technologies, tasks that formerly took hours to perform may now be finished in minutes. While AI in navigation applications optimises travel, virtual assistants like Siri and Alexa simplify daily tasks. AI in healthcare facilitates better patient care, predictive health monitoring, and quicker and more accurate diagnosis. It provides instructors with smart tools and aids in personalising learning in the classroom.

AI is also essential to business, since it streamlines processes through predictive analytics and improves customer service through chatbots. It supports agriculture, finance, scientific research and other fields. But these developments also carry some significant concerns. Automation is threatening many conventional jobs, particularly in manufacturing and administrative labour.

Biases in training data can also be reflected in AI systems, which can result in unjust employment and law enforcement judgments. The fact that AI frequently depends on the gathering and analysis of vast volumes of personal data, which is also raising privacy concerns.

As AI develops further, humanity must carefully manage these threats. Establishing moral guidelines, open systems, and strong laws will be necessary to guarantee AI benefits humans while reducing any possible risks. In a word, AI has great potential, but it needs to be handled carefully.

MD Mobarock Hossain Siam

Student, Department of Marketing

North South University

mobarock.siam@northsouth.edu