Introduction of AI:
Artificial intelligence is the reproduction of human mind processes by machines. These processes includes the learning, reasoning and self correction.Major application of AI are expert systems, eye recognition, speech recognition and robotics.
Artifical Intelligence can be categorized as weak or strong A.I system. Like Apple’s Siri are the example of weak AI. Strong AI system is recognized as the cognitive abilities of the human mind intelligence. For instance, in strong AI when unfamiliar task is given then that system would be able to perform the suitable operation on that task.
Artifical Intelligence could be very costly because its depends mostly on hardware system it’s system could be quite expensive. Popular AI cloud services are Amazon AI services, Google A.I, IBM assistant.
Artificial Intelligence and Machine Learning:
Artificial Intelligence and Machine Learning play an important role in the productivity of the economy both accepted by huge numbers of individuals, businesses and organizations. Due to this the risk level now reducing day by day in the businesses.
Machine learning is the sub branch of A.I so whenever we need any future predictions machine learning must be used. Its algorithms are much effective and supportive to predict the better results. For instance, it enables easy to predict the future outcomes in business models which increases the economy of our world lot of time saved due to this. A.I the major concept of machines that can managed the tasks in very well and organized way.
Economy challenge and Artificial Intelligence:
- I could add huge amount of global outputs for the next few years and will advance the services to leading growth of economy. A.I is being already used in public sectors to enhance the business and to find out the risks and to manage that risks, to develop automatic vehicles and increase the performance of the transportation network. As, AI increases the importance of the services in economic growth this should expand the international trade.
Recently Government of Pakistan take initiative and start the program named as PIAC. The main focus of this program to increase the skills and productivity of the students in the field of A.I so that after learning and gaining skills they could create a huge positive impact on the country’s economy.
Steps to grow the Economy through AI:
- Enhance AI circulation: Cross-Country deployment in all the major regions will require new workers, investments and new working models. AI policies are needed to be increase the rates and the in field technology all over the economy.
- Develop Educational Skills: Education and training will be the major part if communities are to be benefit from AI. Skills development must lead the worker globally it will create chances for government and industry to develop partnership with other developed countries.
- Protect the Privacy of Personal Data: Develop and implement privacy laws, rules and regulations based on international privacy principles.
- Increase access to Government data: Government can help domestically held data sets. Sharing information across agencies and local government required constantly standardized governance framework.
