2024 AND BEYOND: THE IMPACT OF AI ON THE WORLD AS WE KNOW IT

By: Oladapo-Akinfolarin Ifeoluwa Grace

ai impact
Believe it or not, the future we often find ourselves speaking of as a far-off reality is already here – and it’s powered by AI. From shiny self-driving cars the masses wish they could afford to voice assistants we can access at the snap of a finger, AI is slowly but surely revolutionizing how we live, work, and interact with the world around us.
ai change
Leveraging artificial intelligence across various industries has triggered advancements so remarkable that they were just short of unfathomable a couple of years ago. In the realm of business and finance, for example, AI has ushered into the field, nothing short of a totaltransformation. As a matter of fact – for better or worse – hedge funds and investment firms are becoming increasingly dependent on innovations and inventions spearheaded by artificial intelligence, as evidenced in everything from self-learning systems employed to yield superior returns, to AI-curated portfolios that put those managed by experts to shame.
Ai in finance
AI in Business and Finance Industry
Likewise, in the field of cybersecurity, the utilisation of AI has been and continues to be a total game changer. As it happens, recent research expects the global market for AI-based cybersecurity products – valued at $18 billion in 2022 – to have surged to a whopping $107 billion by the year 2028. It’s no surprise, really, considering just how synergistic the integration of artificial intelligence and cybersecurity really is. With automated detection, response, and remediation processes coupled with the non-stop analysis of ever-evolving threat patterns, such a coalition enables enterprises to maintain a constant state of virtual vigilance and remain one step ahead of cybercriminals.
Ai in Cyber Security
Ai in Cyber Security
And it’s not just those two industries either; whether it be the education sector, where in the blink of an eye, students and teachers alike can have millions of resources at their fingertips, or the healthcare industry, where swift vaccine creation and disease diagnosis have become the new normal, a future of great promise is certain as long as artificial intelligence remains in play. However, one cannot talk about the perquisites of AI without, in turn, making mention of its shortcomings.
Ai in all industries
Ai in all industries
With AI on the rise, the important ethical considerations it raises with it must be carefully navigated. Be it in response to questions surrounding job displacement as technology continues to replace human beings in the field or safety concerns in the face of increasingly autonomous systems, the responsible development and deployment of artificial intelligence is crucial.
Looking beyond these ethical and societal implications, the long-term trajectory of AI has caused more than a bit of speculation amongst philosophers and theoreticians as they address the existential questions it raises concerning the future of humanity. Although nothing more than a science fiction prompt today, the threat of superintelligent machines that can learn like us, adapt like us, and perhaps even surpass us is one people are starting to take seriously! Ensuring the development of artificial intelligence remains in the vested interest of human beings might just be one of the greatest challenges of the twenty-first century.
Ai Ethics
Ai Ethics
Nevertheless, as possibilities remain endless, the potential of artificial intelligence to enhance human capabilities, give rise to newer, better ways of living, and raise mankind to new heights entirely remains undeniable. And as we look beyond 2024, we can most definitely say that the world of tomorrow will be one shaped most profoundly by the advancements in artificial intelligence made today.
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