The Impact of Artificial Intelligence on Various Sectors: Benefits, Challenges, and Future Prospects

Abstract

Today, two major technological developments are shaping the world—Artificial Intelligence (AI) and the Internet of Things (IoT). Over the past decade, AI has been a central topic of discussion due to its increasing application across various fields. For instance, AI is extensively used in education for grading, record-keeping, and marking; in business for providing instant customer service; and in the manufacturing sector, where advanced robots are becoming more prevalent. It is also anticipated that AI may eventually perform tasks currently done by humans.

Artificial Intelligence is a broad branch of computer science focused on creating smart machines capable of performing tasks that typically require human intelligence. It is an interdisciplinary science with various approaches, but advancements in machine learning and deep learning are driving significant paradigm shifts across almost every area of technology.

The importance of artificial intelligence was highlighted by Union Minister Piyush Goyal when he mentioned it during the presentation of the interim budget for the year 2018-19. Today, AI is referenced in nearly every field where tasks can be automated without direct human intervention, and its application has proven beneficial in areas where human work may be risky. However, like any technology, AI has its drawbacks. This research paper explores the impact of artificial intelligence, examining both its positive and negative aspects.