Is growth of AI a ‘boon’ or ‘bane’ to our society

To
Dr. Name

By
Yash Agarwal (12016098)
Introduction

Artificial Intelligence (AI) has been one of the most talked-about and debated topics of the
21st century. It has been hailed as a revolutionary technology that could change the way we
live. But it has also been criticized for its potential to displace workers.

AI applications include advanced web search engines (e.g., Google Search),

recommendation systems (used by YouTube, Amazon, and Netflix), understanding human
speech (such as Siri and Alexa), self-driving cars (e.g., Tesla), generative or creative tools
(ChatGPT and AI art), automated decision-making.

So lets find out if AI is a fantastic addition to our world or if it comes with some
challenges.
The Boons of AI

AI's positive impact on society is nothing short of revolutionary. AI is making our lives way
better. Here's how AI has become a driving force for good:

Applications of Artificial Intelligence

Artificial intelligence applications are numerous and ensure benefits like improved
services, better customer satisfaction, and behavior forecasts. Some of the crucial
applications of artificial intelligence in a number of industries are as below –

Healthcare
Artificial Intelligence (AI) is transforming the healthcare industry in numerous ways,
enhancing diagnosis, treatment, and patient care. Here are some real-world examples of
how AI is being utilized in healthcare:
• Google’s DeepMind: DeepMind’s AI models have been used to diagnose eye diseases,
such as diabetic retinopathy, by analyzing retinal scans.
The Boons of AI

• PathAI: PathAI assists pathologists in accurately diagnosing diseases from tissue

samples using AI-powered image analysis.
• Smart Watch: A Smart Watch can monitor heart rate, detect irregular rhythms, and even
predict falls, providing users with valuable health insights.

Tourism:
• Fraud Detection and Security: Credit card fraud has been an area of concern for
businesses as well as customers. AI algorithms can detect fraudulent activities in
bookings and transactions by analyzing patterns and identifying anomalies, enhancing
customer and business security.
• Image Recognition: You can very easily identify landmarks, objects, and scenes in just
one lick, all thanks to AI-powered image recognition technology. This enhances the
travel experience by providing accurate information about points of interest.
The Boons of AI

• Customer Feedback Analysis: AI algorithms can analyze customer reviews and

feedback to extract insights about areas for improvement. This helps businesses enhance
their services and adapt to customer preferences.

Smart Assistants
Siri, Google Home, and Amazon Echo are popular smart assistants and good examples of
AI applications. These devices use NLP(natural language processing) to interpret the
consumer response and respond either verbally or through the execution of a specific
action.

Chatbots
Chatbots are computer programs that simulate and process human conversations. It is one
of the clearest examples of artificial intelligence, as are Amazon’s Alexa, Apple’s Siri, or
Microsoft’s Cortana, which we find integrated into our everyday devices.
The Boons of AI

Logistics & Transportation

AI has played a crucial role in the COVID-19 pandemic, with several autonomous aircraft
and drones transporting medical supplies and delivering vaccines in remote locations.

Sales
AI applications also offer sales forecasts to choose the best products to recommend to
customers. Multinationals like Amazon use AI to identify whether a product or a launch
would succeed, even before selling it.

Autonomous Vehicles
Artificial Intelligence is the most important and sophisticated component of autonomous
vehicles. These vehicles have sensors, cameras, and smart communications systems that
generate data. This data, in combination with AI, can help to mimic human behavior and
enable vehicles to perform efficiently.
Success Story : Asian Paints

Asian Paints is India's largest paint company, with a market share of over 50%. The
company has been a pioneer in the use of technology, and one of its most notable early
investments was in a supercomputer.
In 1970, Asian Paints bought the first-ever supercomputer in India, even before ISRO. The
computer, a CDC 6600, cost ₹8 crore (about $1 million at the time). This was a significant
investment for a paint company, but it paid off handsomely.
The supercomputer allowed Asian Paints to collect and analyze vast amounts of data about
consumer buying habits
For example, the supercomputer could predict which colors would be in demand in
different parts of the country. This allowed Asian Paints to produce and stock the right
colors in the right places.
Success Story : Asian Paints

As a result of its early investment in technology, Asian Paints has been able to grow its
market share and become the largest paint company in India. The company's success is a
testament to the power of data and the importance of innovation.

The Boons of AI not only promise a brighter and more efficient future but also open the
door to possibilities that were once considered science fiction. But, while we explore all the
great things AI does, we must remember that using it responsibly and ethically is super
important to make the most out of it.
Banes Of AI

AI's ascent is accompanied by a series of concerns and challenges, many of which we need
to address as we continue to integrate artificial intelligence into our lives. Some Of these
concerns are:
Bias and Discrimination
AI systems are trained on massive amounts of data, and embedded in that data are societal
biases. Consequently, these biases can become ingrained in AI algorithms, resulting in
unfair or discriminatory outcomes in crucial areas such as hiring, lending, criminal justice,
and resource allocation. For example, if a company uses an AI system to screen job
applicants by analyzing their resumes, that AI system was likely trained on historical data
of successful hires within the company. However, if the historical data is biased, such as
containing gender or racial biases, the AI system may learn those biases, thus
discriminating against candidates who don’t match the historical hirings of the company.
Banes of AI

Some answers from ChatGpt :

1: Is Crimea a part of Russia or Ukraine?
Crimea is a region that is internationally recognized as part of Ukraine. However, in 2014,
Russia controversially annexed Crimea following a disputed referendum. This move has
not been widely recognized by the international community, and most countries, including
Ukraine and the majority of the United Nations member states, still consider Crimea to be
part of Ukraine.
2: Is Pakistan occupied Kashmir a part of India?
The status of Pakistan-administered Kashmir, often referred to as Pakistan-occupied
Kashmir (PoK) in India, is a matter of international dispute. Pakistan and India both claim
the entire region of Kashmir, and it has been a longstanding source of conflict between the
two countries.
Banes Of AI

Transparency and Accountability

AI systems often operate in a “black box,” where these systems offer limited
interpretability of how they work and how they arrived at certain decisions. Transparency is
vital to ascertain how decisions are made and who bears responsibility for them.

Creativity and Ownership

When a painter completes a painting, they own it. But when a human creator generates a
piece of digital art by entering a text prompt into an AI system that was programmed by a
separate individual or organization, it’s not so clear.

Social Manipulation and Misinformation

Fake news, misinformation, and disinformation are commonplace in politics, competitive
business, and many other fields. AI algorithms can be exploited to spread this
misinformation, manipulate public opinion, and amplify social divisions.
Banes Of AI

For example, technologies like deepfakes, which are capable of generating realistic yet
fabricated audiovisual content, pose significant risks to election interference and political
stability. Vigilance and countermeasures are required to address this challenge effectively.

Privacy, Security, and Surveillance

The effectiveness of AI often hinges on the availability of large volumes of personal data.
As AI usage expands, concerns arise regarding how this information is collected, stored,
and utilized.
For example, China is using tools like facial recognition technology to support their
extensive surveillance network, which critics argue is leading to discrimination and
repression of certain ethnic groups.
Overcoming ethical issues raised by artificial intelligence

Solving ethical issues related to AI is a complex task that requires the collaboration of
governments, organizations, developers, and society as a whole. Here are several key
strategies to address and solve ethical issues of AI:

1.Transparency and Accountability: Ensure transparency in the development and

deployment of AI systems. Make it clear how AI systems make decisions and provide ways
for users to understand the logic behind those decisions.
2.Data Quality and Bias Mitigation: Address bias in AI algorithms by improving the
quality and diversity of training data. AI models should be trained on data that represents a
broad range of demographics, eliminating biases that can lead to discrimination.
3.Regulations and Standards: Governments and regulatory bodies can play a crucial role
in setting standards and regulations for AI development and use. These regulations should
promote ethical behavior, ensure fairness, and protect individual rights.
Overcoming ethical issues raised by artificial intelligence

4. Independent Audits: Consider independent audits of AI systems to assess their fairness

and ethical behavior. Third-party organizations or regulators can perform audits to ensure
compliance with ethical standards.
5. Bias Detection and Mitigation Tools: Develop and implement tools that can
automatically detect and mitigate bias in AI algorithms.
6. Continuous Monitoring and Improvement: Regularly monitor AI systems to ensure
they adhere to ethical guidelines. Be prepared to adapt and improve AI systems as new
ethical challenges arise.
7. Legal Recourse: Provide legal avenues for individuals to seek redress if they believe
they have been harmed by unethical AI practices. Legal remedies can act as a deterrent and
provide protection for individuals.
The impact of artificial intelligence (AI) on the workplace

Artificial Intelligence (AI) is transforming the way we live and work, but its impact on the
workplace is not without controversy and heated debate. One of the most significant
concerns is the fear that AI will replace human workers, leading to mass unemployment.
While this fear is not entirely unfounded, the impact of AI on the workplace is complex and
multifaceted, and it presents both opportunities and challenges for businesses and
employees alike.
Increased Efficiency and Productivity:
One of the most significant impacts of AI on the workplace is increased efficiency and
productivity. AI-powered tools can automate repetitive and time-consuming tasks, freeing
up employees to focus on more strategic and creative work.
Improved Decision-Making and Predictive Analytics:
Another impact of AI on the workplace is improved decision-making and predictive
analytics. AI-powered tools can analyze vast amounts of data and identify patterns and
insights that humans may miss.
The impact of artificial intelligence (AI) on the workplace

Improved Safety
AI can also improve workplace safety and risk management. For example, in industries
such as manufacturing and construction, AI-powered robots and drones can perform
hazardous tasks, reducing the risk of accidents and injuries.
Changes and New Opportunities
It's important to note that with the emergence of AI technology, certain industries may be
impacted more than others. Reskilling and upskilling may be necessary for workers in
industries such as manufacturing and transportation to remain employable.
However, it's important to also highlight the potential for new job creation and
opportunities in areas such as AI training, data science, and machine learning engineering.
The World Economic Forum predicts that AI will create 97 million new jobs globally by
2025, although some existing jobs may be displaced.
Conclusion

We have discussed how AI has become an undeniable force for good, revolutionizing
industries, healthcare, education, and businesses. It empowers us to tackle complex
problems, and enhance efficiency, making our lives more convenient and productive.

However, we also delved into the shadows cast by AI. Ethical concerns surrounding bias,
privacy, and transparency remind us that this powerful tool is not without its challenges.
The potential for job displacement calls for a significant adaptation to an evolving
workforce, requiring reskilling and lifelong learning.

So, is AI more of a boon or a bane to society? The answer may not be black and white. AI's
impact is nuanced, and it is largely defined by how we harness it.
Thank you!