The risks and advantages of artificial intelligence

There’s no doubt that artificial intelligence and machine learning are difficult to understand: it’s a complicated field. As computing power continues to accelerate, which is driving the ability to process large amounts of data, the advantages of artificial intelligence are beginning to show – especially when it comes to predictive models, which now takes hours or minutes to complete instead of days.



In the video “The future of AI: risks and challenges,” some of our experts within the company discuss where artificial intelligence is heading, AI and the future of work, and the risks and challenges that companies must consider with the rise and implementation of AI.

The first challenge? Companies that don’t embrace machine learning or artificial intelligence are likely to fall behind their competition.



How the public reacts and perceives the advantages of artificial intelligence is another challenge which can hinder the uptake of AI. Artificial intelligence is part of Industry 4.0, and like the industrial revolutions that have preceded it, the threat of job loss can prevent the public from wanting to adopt this technology.



However, AI can be an enabler. It can shift jobs to new higher skilled, more productive types of roles – the key is to know how AI and the future of work complement each other.

Security and data privacy are other potential challenges for artificial intelligence. We’re all concerned about how our data is used, which is why it will be critical for governments to enact laws that protect personal information and control how customer data is used. Companies will have to be aware of the different laws in different countries as well as when it comes to artificial intelligence and data usage.

Watch this video to learn more. 

Click here to learn more about artificial intelligence.

About the author
Steve Hartman is a Thought Leadership writer for Siemens PLM Software. Steve’s experience is varied spanning the automotive, financial, real estate, travel and sporting goods industries as well as having written four published novels and cowrote a memoir. He has a wife, three kids, two dogs, a cat and a rabbit. And still, he carves out time to read, watch movies and write.

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