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IFMR Digest Sep 2017

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STUDENT ARTICLE<br />

Possibilities of AI in Business<br />

Enterprises can employ AI for everything<br />

from mining social data to driving<br />

engagement in customer relationship<br />

management (CRM) to optimizing<br />

logistics and efficiency when it comes to<br />

tracking and managing assets. AI is<br />

helping us to make our existing<br />

technology smarter and unlocking the<br />

power of all the data that enterprises<br />

collect. Latest research in AI claims to<br />

accurately predict a person’s lifespan.<br />

AI versus Job Loss<br />

Disruption Survey of nearly 11,000<br />

employees in India, by ET online, has<br />

found that a large number of<br />

employees see automation taking<br />

away their jobs. Looking at this survey<br />

results one may take out that people in<br />

India see automation as a real threat<br />

and they know about the tough<br />

business scenario lying ahead of them<br />

and how AI is going to affect their<br />

lives.<br />

workers. Personal care robots and Drone<br />

delivery system are one of the few<br />

examples where machines have already<br />

started replacing us. One should never<br />

forget that we are just witnessing, what<br />

we call as the nascent stage of AI. More<br />

advanced stages of AI are Strong AI and<br />

Super Intelligence AI and with this speed<br />

in the advancement of AI, we are not far<br />

off achieving that and we could just<br />

imagine its impact on us.<br />

The Magnitude of impact of AI in the next<br />

decade is way beyond anything we could<br />

ever imagine.<br />

-Ankitkumar DK<br />

These numbers scare the working<br />

group of the people whose lives may<br />

come under the radar unless a proper<br />

upgrading of skills is not done on<br />

time.<br />

Advancements in the machine<br />

language have made the machines<br />

more responsive and more efficient<br />

when compared to the regular human<br />

23

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