Ending Soon! Save 33% on All Access

How AI Is Poised to Help Humanity From more accurate analyses of data-rich systems like weather to faster innovation to reducing drudgery, why machine learning is already - and will increasingly be - a boon for humankind.

By Ari Goldberg Edited by Matt Scanlon

Opinions expressed by Entrepreneur contributors are their own.

Shutterstock

Recent advances in artificial intelligence have caused a surge of public and business interest in this remarkable technology. Though most of its applications are still in their infancy, professionals across a wide range of industries have begun using AI-infused assistants to accomplish various tasks. This accelerated pace of innovation and data usage has, however, led to increased uncertainty about just where machine learning and thinking is headed, and the impacts it will have on society. In terms of positive effects, I certainly see some standouts.

Running high-information scenarios with less error

AI can consider multiple scenarios and make educated decisions using both previously gathered information as well as real-time data. As a result, the errors are reduced and the chance of reaching broader accuracy and greater precision is much greater. Example: The forecasting of weather and other natural disasters such as earthquakes and tsunamis.

Reducing risk

Robots applying machine learning can risk dangers that might otherwise be lethal for humans. Think of exploring space or the deepest parts of oceans, defusing a bomb or inspecting unstable structures. Example: In the still-lethal areas of the Chernobyl nuclear disaster site in Ukraine, robots are conducting radiation surveillance, removing debris from the destroyed reactor, taking samples of radiological materials and even burying radioactive materials.

Related: How AI Can Deliver Clean Water to Billions

Helping with grunt work

Conducting a repetitive task is definitionally tedious, and often time-consuming. Using AI for monotonous and routine actions can help direct focus to other components of a to-do list and free us to be increasingly creative. Example: Apple's Siri, Google Assistant and Amazon's Alexa, along with a newer arrival, C9 Companion, are intelligent assistants that can carry a meaningful conversation and help manage and organize daily life (such as answering emails, texting friends and other tasks).

Faster decision-making

AI can make decisions and carry out actions far faster than humans, and latest generations of machine learning can consider facts and statistics as well as learn aspects of human emotion, then weigh both into its calculations. Example: In health care, AI can help doctors and researchers diagnose cancer more accurately and efficiently, making treatment more effective.

24/7 availability

Using AI, we can make robots that can function all day, every day, without break. Plus, unlike we humans, they do not become bored or disinterested in repetitive tasks. Example: Chatbots for customer service or hotlines. Offering 24/7 customer service is essential for global companies as they have customers from all over the world who reside in different time zones. AI solutions are winnings ways of them staying connected with customers.

Related: 3 Ways Machine Learning Can Help Entrepreneurs

Engine of invention

AI is powering inventions in a variety of sectors that will help humans solve complex problems, expanding our creativity and ingenuity in the process. Examples include medical devices, drug synthesizers, weapons… even kitchen appliances. In part this is because machine learning can create unpredictable, innovative outcomes autonomously, rather than merely following instructions, and can do so without human bias.

Ari Goldberg

Principle at Starseed AI, and PDRVC

Ari Goldberg is an NLP and AI entrepreneur and angel investor, mentoring AI and machine learning startups. He is an NLP advisor at Starseed AI, which advances safe and beneficial artificial general intelligence.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Growing a Business

Want to Expand Your Market Overseas? Here's Everything You Need to Know About Global Logistics in 2024

With rising geopolitical tensions and changing market conditions it can be hard for businesses to navigate supply chain logistics even in a post-pandemic world. Here are three tips from the CEO of an international customs brokerage.

Business News

Elvis Presley's Granddaughter Fights Graceland Foreclosure, Calls Paperwork 'Forgeries'

The 13.8-acre estate was scheduled to be sold in a public foreclosure auction on Thursday. Presley's granddaughter and heir, Riley Keough, is fighting to save Graceland in court.

Business News

Kickstarter Is Opening Up Its Platform to Creators and Making Big Changes to Its Model — Here's What's New

The company noted it is moving beyond traditional crowdfunding and making it easier for businesses to raise more money.

Business News

Target Is Lowering Prices on Thousands of Items — Here's Where You Can Expect to Save

The news was announced ahead of Target's Q1 2024 earnings call, expected to occur Wednesday at 10 a.m. EST.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.