How AI Will Change Our Lives In 10 Years

 AI, the latest buzzword in the technology sector. In view of many prominent tech gurus, AI perhaps would have a more astounding effect on our lives than any other invention in human history, including electricity and IT. The public first acknowledged the advent of AI, when Deep Blue, an IBM machine, defeated the reigning chess world champion- Gary Kasparov, the best chess player ever to have walked on the planet, in many people’s opinion. AI has long ago surpassed chess and started affecting human lives in many ways. Though the field of AI is extremely fluid, let’s check the projection on how AI will change our lives in 10 years from now.

Education

With the help of AI, we can expect another renaissance in the education sector. 

1. Most textbooks would be digitized.

2. Early-stage virtual tutors would assist human teachers. 

3. The AI-enabled facial analysis would assess students' emotions to help identify students who are struggling or bored. From the stats obtained from these assessments, the teachers and educators would be able to better mold the methods and courses to cater to the unique requirements of these students.

Finance

AI is all set to bring about a new kind of egality to the world of finance. Currently, the way the finance sector behaves is far from ideal, and it is the main reason for the economic disparity. As the rich are in a position to hire the best of the brains, that ensures they keep on getting richer in contrast to the common mass. However, AI with its open-source fin-tech solutions is poised to more or less level this field.

Healthcare

In the healthcare industry, AI is set to cause a sea change. Let’s check out a few of the expected outcomes, say after a decade.

1. Diseases would be quickly and reliably diagnosed.

2. An amalgamation of a doctor’s intuition with the machine-like precision of AI would increase the success percentage of critical surgeries.

3. AI would soon outperform even the best of the doctors, as the latter possess limited memory and simply cannot match the AI in terms of knowledge.

4. The process of pharmaceutical discoveries would get streamlined and speed up. 

5. Virtual nursing assistants would monitor patients. 

6. AI-enabled big data analysis would help to provide a more personalized patient experience.

Sports

Though it started with chess, the use of AI for strategy purposes has already made inroads in other games and sports. Apart from individual games that require brainpower, AI would also be used in all sorts of team games wherein a game plan is critical, such as cricket, football, or hockey.

Shopping

AI is already changing the way we shop. Most probably you have noted that the browser on our PCs and mobiles would display ads of the same products or services that we have searched for moments ago; AI certainly has a part to play here. In the future, we would definitely see a better prediction as companies with the aid of AI would be able to better predict our requirements and purchase patterns. Furthermore, it would also ensure that a product, if in demand, is stocked up both at stores and warehouses to ensure its availability.

Transportation 

In a decade or so, autonomous automobiles would be the backbone of the transport system, especially in metropolitan cities and the surrounding urban areas. In case you still insist on driving yourself, thanks to AI, your road safety would be considerably increased, plus you would be able to significantly cut down on wait times. Moreover, important traffic data such as accidents, road closures, and the shortest routes to a location would further assist you in avoiding traffic jams.

Unlike AI's, our capacities are limited; most probably, in 10 years from now, AI would touch our lives in many ways that we can't even imagine now. We can just hope that it doesn't follow the pattern of Hollywood movies, where it causes the doom of humanity. We would love to hear your thoughts on AI. Please feel free to pour those in the comments section below.

The Different Ways Companies Can Leverage AI and Other Advanced Technologies in Their Recruitment Process

Technology and its implication have always been decisive factors for the success of businesses, nations, and civilizations. History reveals to us how European nations dominated the world in terms of both trade and war courtesy of their technological superiority.

The modern era is no different for businesses to thrive; they must employ the latest technologies to provide them the requisite edge in this cut-throat competition. AI akin to atomic bombs in warfare is a game-changer pertaining to technology. If employed optimally, it has the ability to facilitate and smoothen your recruitment process. Let's discuss a few points to validate how strong this argument is.

Impressive First-Impression

A quite common English proverb is- “The first impression is the last impression.” An applicant may detest the application process if asked to fill a huge form with generic and repetitive information. The negative vibes thus created may even affect the joining decision of the applicant. You do not wish that; instead, you wish to build a rapport with applicants to win them over for your company. With the aid of AI, a lot of information can be captured and auto-populated. This saves the time and effort of applicants that can be channeled to know further and important details about them. Importantly, applicants would most probably like the different and smooth application process. And, if all things are tied, most probably he would decide to board your organization. 

Chatbot Engagements 

Employee engagement via chatbots, that along with their seemingly human-like communication, aids recruiters to capture candidates’ thought processes. The conversation with a chatbot may reveal the attitude, persona, adaptability, goals, and even competency of an applicant. After being cognizant of the candidate’s thought process, it is easier for the recruiter to engage better, address potential roadblocks, and gauge whether the candidate would be a fit for the organization or not. Similarly, the feedback process is also important as it aids in streamlining the process. And, it would be a great help for recruiters to prepare for subsequent interviews.

Social Hiring

Social media especially Linkedin is not only a way to connect to your peers, but it is nowadays readily being used as a hiring platform. However, with more than 500 million users on Linkedin, the selection and eventually recruitment process would be a behemoth task, to say the least, if left alone to human endeavors. Thankfully, AI can save the day for you by taking care of your mundane work and ensuring a smooth selection of short-listed candidates.

Automating High-Volume Tasks

More than 50% of recruiters shortlisting suitable candidates from a large number of applications as the toughest part of their job. It is usually noted that with every passing year your hiring numbers tend to increase; however, the HR manpower remains the same. This implies that a steady increase in output is expected of the team members.

Screening resumes manually is a tedious process considering generally anywhere from 75% to 88% of resumes are not a fit for the role. As a result, it takes up to 23 hours of your time to pick the right candidate for the role. AI enables you to automate tedious and repetitive activities, such as candidate sourcing, compiling databases, screening resumes, and scheduling interviews. This would reduce the man-hours required per candidate and ultimately make life easier for HR professionals and save on revenue for the organization. As an unseen advantage, the momentum gained during AI-enabled recruitment allows you to select the candidate faster in comparison to your competitors. Consequently, you put the paperwork for your potential hires quicker than the competition. Thus, the short-listed applicants are more likely to opt for your offers.

Bias Removal

To quote the celebrated American author Veronica Roth, “But I think that no matter how smart, people usually see what they're already looking for, that's all.” In layman's words, it is near impossible for us human beings to be free from biases. Many a time our biases blind us and we tend to judge a book by its cover. This inherent limitation can affect the recruitment process adversely.

AI and other advanced technologies can aid recruiters to negate the bias factor. Thus, AI-enabled recruitment would take place in an impartial fashion, keeping aside superficial indicators like- looks, gender, name, race, and religion.

Optimum Talent Absorption

As a recruiter sometimes you get really talented individuals, whom you may have to let go of due to some mismatch between their skills and the prerequisites of the position. Generally, such a resume is not discarded afterward. However, courtesy of AI and other advanced technologies, such resumes are automatically added to a talent pool database. These technologies automatically scan for a suitable position whenever it is available and notify you regarding the same. Thus, they enable you to reroute talents to their suitable position and saves a ton of work for you.

 Facial Expression Analysis

Video coupled with AI is an important tool that you can use to interview applicants. Videos are the closest you can get to a face-to-face interview in a COVID-stricken era. However, it provides you a significant advantage in comparison to a generic face-to-face interview. You do have the option to replay the video again and recalculate the applicant's candidature. AI can interpret signals from the candidate's facial expressions. It can complement your gut feeling while analyzing the interview videos. It is certainly a handy tool for you to bank on while gauging an applicant's replies and personality traits.

As a bottom-line, we can conclude that AI and other advanced technologies empower the recruitment process in an organization. And, with their employment and optimum usage, companies can surely reap substantial benefits.