Artificial Intelligence: How AI Could Change Our Lives Forever

https://dailyalts.com/wp-content/uploads/2020/04/camera-3376230_640.jpg

Post-coronavirus, AI as a technology will be omnipresent in humans’ work, home and health.

The coronavirus will have a dual and adverse impact on people across the globe. Not only will it impact lives through sickness and death, but it will also dramatically damage their economic well-being. Technological innovation comes to the fore at the time of such pivotal crises.  While cloud computing burst on the scene after the 2008 financial crisis, it may be AI’s turn to take center stage amidst, and after, the COVID-19 pandemic. (VentureBeat)

How coronavirus will boost AI use cases

In healthcare, AI is being used to rapidly discover potential new drugs or vaccines to counter the coronavirus. As humans perish from the virus across the world, AI could shave off years of research in these efforts.

Already, AI, in conjunction with specialized cameras, is helping to identify fever-laden individuals for virus actions such as quarantine or hospitalization.

Again, the coronavirus-induced recession will force businesses to trim costs through automation. The restrictions imposed in the battle against the virus have forced workplaces to shut.

Companies will naturally adopt AI, machine learning and advanced software to mechanize call centers, warehouses, grocery stores, and delivery operations. The demand for contactless deliveries will see automated, driverless vehicles and drones turning up at homes. They will deliver essential supplies including medicines.

AI will play a growing role in this business transformation.

Questions will arise on the fate of human beings replaced by technology. Though workers will perhaps be freed up for more quality roles, the concerns surrounding job security are legitimate.

Mercer’s 2020 Global Talent Trends survey reveals that more than a third of employees expect their jobs to be replaced in three years.

Legitimate surveillance or big-brother intrusion?

In the battle against the coronavirus, governments are using every means in their possession to track down people in the virus transmission chain. These include electronic and AI-supported tools such as surveillance cameras, smartphone locations, credit card transaction records, thermal imaging cameras, facial and object recognition algorithms, and augmented reality cameras.

But where does one draw the line?

In a “joint civil society statement,” organizations such as Human Rights Watch, Amnesty International, AI Now, and 104 others have urged the authorities to respect human rights when they deploy these technologies.

The new normal

The dilemma of business reality versus job security will persist post-corona. So will the trade-off between legitimate surveillance and invasion of privacy.

People should prepare for the “new rules of the new normal” by reskilling themselves so that they can win alternate employment.

Governments should lay down strict rules regarding the use of surveillance, particularly ending its use when the crisis blows over.

Related Story:  Artificial Intelligence: Startup Kogniz Uses AI With Health Cams to Detect Fever

Free Industry News

Subscribe to our free newsletter for updates and news about alternatives investments.

  • This field is for validation purposes and should be left unchanged.


Shape

Latest Alternative Investment News

https://dailyalts.com/wp-content/uploads/2023/12/AMD_headquarters_santa_clara.624da707519a6.jpg
Artificial Intelligence: AMD Takes On Rivals In The AI Chip Sweepstakes
December 7, 2023     Artificial Intelligence, News

Chipmaker AMD (NASDAQ: AMD) has unveiled a range of innovative AI solutions spanning from data centers to personal computers. The AMD Instinct MI300 Series features data center AI accelerators, while…

https://dailyalts.com/wp-content/uploads/2023/12/RHCEU-Inline.jpg
Digital Assets: Robinhood Debuts Crypto Trading On Its App In The EU
December 7, 2023     Digital Assets, FinTech, News

Robinhood (NASDAQ: HOOD) has launched its Crypto app in the European Union (EU), allowing eligible customers to engage in crypto trading with the added incentive of earning Bitcoin rewards. Customers…

https://dailyalts.com/wp-content/uploads/2023/12/Samsung_UK_Samsung_Pay_Lifestyle_0552-revised-Pictogram-23.11.30-1024x744-1.png
FinTech: Samsung Electronics Ties With Mastercard’s Wallet Express
December 7, 2023     FinTech, News

Samsung Electronics (KRX: 005930) and Mastercard (NYSE: MA) have partnered to launch the Wallet Express program, offering banks and card issuers a cost-effective way to expand digital wallet offerings. Through…

https://dailyalts.com/wp-content/uploads/2023/12/Revaia-founders.jpg
Venture Capital: Revaia, Europe’s Biggest Female-Led VC Firm, Racks Up $160M For Second Fund
December 7, 2023     ESG and Sustainability, News, Venture Capital

Revaia, Europe’s largest female-founded venture capital firm, has successfully raised €150 million ($160 million) for its second fund, Revaia Growth II. The funding was secured from sovereign wealth funds, family…