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Impact of Artificial Intelligence

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Impact of Artificial Intelligence

Artificial intelligence is increasingly becoming one of the significant developments in

technology. The process of using machines and programming them to simulate human

intelligence is an innovative process that has become a critical part of human life. Artificial

intelligence (AI) is revolutionizing different industries and solving different problems. Artificial

intelligence is not robots, as many people perceive it to be. Rather it is any technology that can

mimic human intelligence and execute tasks meant for humans (Shabbir&Anwer, 2018). When

the machines take the role and perceptions of humans, it makes works easier. The application of

artificial intelligence has been executed in different industries and assisted humans in different

ways. This paper discusses the impacts of artificial intelligence in selected areas, including

innovation, education, weather prediction, and the business world.

Impact of Artificial Intelligence on Innovation

The impact of artificial intelligence on research and development has massively increased

AI's significance in promoting innovation. The concept of AI is the robots and the equipment

that can facilitate deep learning and during the process of carrying out the process of invention.

According to Cockburn, Henderson, & Stern (2018), artificial intelligence has led to the

development of a new application that is learning-oriented. The AI facilitates systems research,

as evidenced in the studies carried in the United States. There is evidence that AI is facilitating a

change in innovation with the development of better research techniques.

The presence of artificial intelligence has brought about individual and institutional

responses to innovation. The evidence on the abilities of the AI equipment leads to the

development of new policies and techniques to get to make inventions. In the cases where there
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would be routine and labor-intensive methods of research, AI is substituting and getting better

ways of sorting and analyzing the available datasets. The development of AI has triggered the

need to get faster ways of communicating data between research teams to ensure maximum

innovation returns (Brynjolfsson et al., 2017). Additionally, institutions are developing policies

on AI applications that encourage transparency and innovation-oriented activities, which would

make the institutions more competitive.

The process development and application of AI have created significant change in

developing a knowledge-based society. The availability and sharing of data have encouraged the

process of getting to find better ways of task performance. Shi et al. (2020) find that artificial

intelligence allows institutions to create centrality and encourage data change. The transfer of

knowledge encourages better performance and more information to facilitate innovation but

makes an institution effectively make the culture a strong pillar of innovation. Artificial

Intelligence has increased the capacity of institutions to absorb knowledge. Consequently, there

is the use of information to promote innovation and get a solution to new business techniques.

The presence of innovation has increasingly been made possible and effective with the

development of AI.

Impact of Artificial Intelligence on Society and Firms

Companies and individuals have tremendously been affected by the development of

artificial intelligence. AI has led to a massive digital and industrial change in society, affecting

companies and production firms. By extension, individuals in society are affected by the

opportunities that the AI equipment can create or do. Makridakis (2017) analyzes the targets of

the incoming revolution that AI would likely bring about within production institutions. The

results of the study show that there would be significant changes in terms of available
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employment opportunities. The decision-making process within the industries is likely to be

affected by the firms' ability to explore big data. The availability of AI allows firms to explore

big data and make better decisions that have effectively improved the level of competition in

various industries. Therefore, firms are willing to only invest in their ability to deal with such big

data and such aspects.

The ordinary people with society also form part of the extended effects of the AI. The

consumptions and purchases can be made possible throughout the world as a result of AI

inventions. AI allows people to explore entrepreneurial skills and become better at providing a

solution to society's needs. AI technologies are providing better opportunities for innovative

people within society (Makridakis, 2017). However, the same way it makes works easier for the

firms and people is how it possesses the danger to affect people negatively. AI is making work

easier in firms. The need to make more profits and increase productivity would mean that the

firms would lay off the workers and replace them with AI technologies. These are possibilities

that would lead to low rates of unemployment within the society. The unemployment effects,

however, do not override the benefits AI brings to firms and society.

Many research studies have documented the increasing benefits societies are getting due

to the advent of AI. The workplace has traditionally been marked by cases of accidents and

challenges of executing dangerous tasks. Employing AI in such cases makes the technology take

over the difficult and dangerous tasks, which would lead to better work environments. The

employees get more of the role of supervision and monitoring, which creates a better working

environment.

The presence of artificial intelligence has increased the level of production and efficiency

within the firms. AI facilitates diagnostic and monitoring capabilities. The employees are aware
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they have to carry out the task they are assigned in the best manner possible. The application of

the AI in the monitoring role creates accountability and work for value. As such, there is more

production and improvement in the productivity of the employees. In events when the employees

are not in a position to get to the workplace, there is still a chance to contribute to the company's

productivity when working remotely (Jarrahi, 2018). The application of new technologies not

only assists in making work easier for the people in society but also provides the chance for the

firms to get the best out of the productivity of employees.

Impact of Artificial Intelligence on Teaching and Learning in Higher Education

The education sector is one of the areas that have significantly benefited from the presence of

Artificial Intelligence. Additionally, it stands the chance of being one of the sectors that would

still have the chance to grow as a result of the presence of AI. The emergence of AI has

massively affected the education and learning process in higher learning institutions. Popenici&

Kerr (2017) investigated the impact of AI on higher levels of education. The study explores the

implications of emerging technologies on the learning process and the changes in institutions.

One of the emerging components of higher education is the increasing speed of learning among

the students. Learners have the chance to make use of technology and artificial intelligence

equipment to carry out research studies in their courses effectively. The application of AI as part

of the fabric of universities and higher learning institutions is making it possible for the lecturers

and tutors to get easier ways of teaching and supporting students. The opportunities for the

present level of artificial intelligence calls for the need to have more of the institutions get more

advanced technologies and apply them in the teaching and learning process.

Artificial Intelligence affects higher education in multiple ways. Aldosari (2020)

mentions two ways in which AI would broadly contribute to the process of education. First, AI
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would massively contribute to curriculum development. The continued use of AI is allowing the

learners to cover more. The speed and accuracy of learning are increased by the presence of AI

in the learning process. AI allows the learners to get the chance to enhance their skills and

technical abilities, which leads to better education more than just theoretical learning. Specific

technical subjects are also are broken down, and learners getting to understand the concepts

better through practical application.

The second way of the significance of AI to education is the enrollment application.

According to Aina et al., (2018), the cases of university dropouts and other higher institutions

result from the high cost of education. The AI is helping the learners to shift from traditional

learning to more of the digital experience. It is expected that digital learning would most likely

become a cheaper mode of education. Consequently, there would be more enrollments to higher

learning institutions as a result of the cheaper source of education. AI would, help in enhancing

the process of digital learning to promote education.

The learning process is also being affected by the adoption of AI in higher learning

institutions in several ways. The students studying in colleges and universities are getting the

chance to have the lessons stored, and as such, the students are getting the chance even when

they are absent from the sessions (Mitchell, Michalski, &Carbonell, 2013). Additionally, the

teachers' chance to make referrals for the research would also make the students get to learn

better. The AI allows for the storage of information and improves the learning process of the

students. Additionally, AI is increasingly being applied in the grading system. The teachers are

not getting to use the traditional systems of grading but apply an automated process. The process

eliminates bias and allows the teachers to spend more of the time devising ways to improve the

students' work. At the administrative level, AI allows the chance of keeping track of all tasks
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using AI applications. In general, AI stands a chance to offer the learning process a better

approach. More of the students would likely get the freedom of learning and better environments.

Impact of Artificial Intelligence on Weather and Real-Time decision-making

The high weather events like hurricanes, tornadoes, and earthquakes have led to many

deaths and property loss over the years. The failed prediction and inaccuracy in the existing

prediction methods have led to the significance of losses of life and property. The development

of AI techniques has not only been useful in developing the predictive measures that would assist

in understating the possible high weather event, so there is adequate preparation on the same but

also created a chance for the development of better techniques of using the same to develop

energy. AI intelligence helps develop techniques that would effectively assist in harnessing the

high weather events into energy-generating platforms. AI helps in the collection of data and

observational traits. The application of AI, along with models and computing power, has

increased the accuracy of prediction in recent times (Mcgovern et al., 2017). There have been

significant improvements in predictions regarding weather issues.

AI is adding to the available data available technologies in learning patterns and mining

data. The improved versions have improved the traditional numerical models used in predicting

future weather activities. The study of Mcgovernet al. (2017) on the use of AI in predicting

weather conditions reveals that the AI is also availing new information guiding the forecaster and

users in getting better and more accurate predictions on weather conditions. The prediction and

improved accuracy help develop real-time decision to have life and property from the losses

when such high weather events are witnessed.

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The ability of AI to make such predictions is based on the physical understanding of the

environment. The use of AI is also adding to the sustainability of the prediction (Gagne et al.,

2017). The benefits of such information that AI collected are useful in developing the techniques

to divert and make use of the high energy weather conditions. The application of technology is

allowing the use of such weather conditions in developing the results.

Artificial Intelligence is closely related to data analytics. The application of AI on

weather and climate prediction has been useful because of the expansion of data sources on

weather issues. Applying AI means there are thousands of weather satellites studying and

collecting the data within space, including the cloud patterns, humidity, and temperature

(Bumbary, 2017). These satellites are constantly gathering and recording data. The information

coming from different sources is becoming critical in the process of giving real-time information

on what should be expected regarding the weather conditions. In addition to the satellites, there

are sensors connected to the Internet of Things (IoT), which are also getting to collecting and

analyzing information on weather conditions. The collected information from the thousands of

sources is becoming critical in forecasting and providing real-time decision-making.

Impact of Artificial Intelligence on Business and Economics

Artificial Intelligence would likely impact businesses and economies as a result of the

changes it is set to bring out in the process of production. The present age of development of the

industrial age has been marked by the advanced use of machines in various sectors of the

economy. The sectors, including medicine, businesses, mobile technologies, and

nanotechnologies, lead the changes in mechatronics. The World Economic Forum developed the

need to understand AI and its application the business to improve businesses and the economy as

a whole.
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There are risks associated with the application of AI on businesses in the world. Dirican

(2015) explores the challenges as published in secondary sources like the newspapers and

business pages on how AI would influence the business society. The publications consider the

effects of AI on the workforce and the constant campaign to have the labor force resist such

developments. However, society's changing needs and the world economy calls for the need for

businesses to become more critical of their operating ways. Future developments are likely to

affect the businesses that would not participate in the change process. The companies seeking to

benefit the maximum from the future economy would need to make massive investments in

emerging technology to stay relevant. The study explores how there would be dangers for

companies that choose not to take up AI roles in their operations. The research findings on future

benefits of the study are likely to make it difficult for the company and businesses that do not

make adoption to the new forms of technology.

The AI-driven economy is estimated to be having a new possibility in the economy

possibly. According to the International Telecommunication Union (2018), AI would

significantly impact the global economy in the coming years. The report indicates that AI would

have contributed to a 26% growth in the world economy by 2030. The main area of the economy

that is likely to have been affected by AI development is the labor sector. There would be

massive changes in the labor sector, with most activities likely to be automated. The products

that may come out through the innovation and contribution of AI would be more than $9 trillion.

These innovations will lead to better contributions to the economy. However, the development of

AI would also lead to negative effects on the labor market. Companies and economies seeking to

adopt the AI would mean they are likely to have most of the consumers getting laid off due to

automation of most of the services. There would need people to get better skills and become
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more creative to maintain their position in the market. However, as a whole, there would be

improvements in the economic sense.

AI is revolutionizing global economic activities. The application of AI affects one kind of

technology and brings up several technologies that would be integrated. The companies and

businesses seeking to apply the technology of AI are set to applying more of the advanced

learning machines, robots, and many technologies that would get the right type of functions.

Adopting the many forms of technology are likely to have more of the functions of the

organization disrupted. An organization seeking to apply the functions of AI would need to look

into the impact of the disruption it is likely to cause to the organization.

The process of adoption of AI has an impact on the process of adoption of other

technologies in the business. However, there are challenges in adopting the technologies because

of the challenges and barriers existing within the organizations. For instance, the ability to get

the right human resource that understands the process of operating the AI equipment to help the

organization reach a maximum opportunity is a challenge (Skilton&Hovsepian, 2017). The stiff

competition in the global economy and businesses is also a reason for the slow growth of AI

businesses. Generally, the organizations seeking to survive in the coming years would need to

become more observant in the process of such adoption because of the need to get the right

strategies in history to adopt the AI.

However, there have a slow response in realizing the full potential of the impact of AI on

businesses and the economy. The majority of businesses are small business enterprises. As such,

they are not in a position to implement the needs of AI. The small businesses' inability to adapt

to the AI and buy the equipment has slowed down the process of the effect of AI on the world

economy. It is not only difficult to build the AI and implement it as a result of the technical
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know-how, but there are also challenges regarding the need to consider the economic effects of

the same. The small business and developing economies are not in a position of getting to

implement AI.Another reason for the slow development and implementation is the challenge the

small firms are getting with innovation and change. The implementation and innovation process

would lead to the possibility that machines would take over most of the activities. AI disrupts by

radically introducing new ways of doing business. The challenge of facing the new method of

carrying out the activities is becoming more critical in ensuring there is slow growth in AI

development. As such, the impact is not significantly felt like a way of avoiding such

possibilities.

Few studies have proved the return on investment on AI, especially regarding the small

investments. Most businesses implementing AI are getting the chance to work with the

technology because of the economies of scale. Additionally, consumers' demands and the wide

reach of the consumers have also led to the possibility of getting to make use of such AI.

However, the small business would not get a return on investment when they make such a huge

investment in big data analytics and artificial intelligence in running their businesses' affairs. The

challenge of the small businesses is making it a challenge to develop the economy and measure

the impact of AI on the businesses.

Conclusion

In conclusion, AI has made massive contributions in different ways. The study has

established that AI has had contribution to the process of innovation. AI has created ability to

explore more resources for the sake of research and development. The product of research and

development is increased innovation. Additionally, the paper has established that AI is

contributing to the development of education in the higher education sector. The enrollment is
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set to increased, a change of curriculum, and methods of teaching are also expected to change

with the application of the AI in higher institutions of learning. On weather and climate, AI is

providing platforms for better collection of data using satellites and technology. The results of

the same are an increased accuracy in the prediction of the weather conditions. AI is also used in

exploring ways of converting the destructive nature of the high weather events into more

meaning green sources of energy. Also, the paper has established that the business and

economies are likely to have a massive improvement in production capabilities. While there are

concerns on the impact of AI on labor, the findings suggest the overall positive impact on

businesses and economy.

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