The landscape of AI will continue to grow and develop for years to come but the fundamental question is: how can we improve the technology? Though AI has made various advances within the last 7 decades, the vision for the technology still remains open.
According to Grand View Research, it is estimated that the global market of AI will increase in value by 38.1% within the next decade. Various tech giants such as Amazon, Google, Microsoft, Apple, and Facebook have utilized AI technology to improve their customer’s user experience. Additionally, since such companies have invested largely into the research of the technology, the market for careers within this field are expected to expand.
The US Bureau of Labor Statistics has forecasted that jobs within the field of computer and information science are expected to increase 21% by 2031 in the United States alone. This statistic includes AI specialists, which will make up a part of the 3,300 positions that are projected to open each year. This is due to companies utilizing AI tools to better cater to their customer’s needs. There may be misconceptions of how the technology is impacting businesses, however, specialists who can create algorithms or interpret the large sets of data that make AI possible will be of high demand and are as follows.
The field of data science intertwines domain expertise, programming, and statistics to develop insights from data. The work of a data scientist includes handling and processing this data in addition to translating the information reviewed and extracting meaningful insights.
Design and produce AI systems that automate predictive models. Engineers within this field develop the algorithms that learn and create predictions. Though similar to data scientists, since they too handle large sets of data, machine learning engineers focus on creating predictive models while the data scientists interpret the data.
In this position, engineers use research to create machine learning models in order to develop solutions for clients. They create end-to-end machine learning and AI pipelines, building full-scale architecture.
Recognize trends by analyzing data sets and sharing the information with decision-makers. Professionals within this field organize data points and serve as a liaison between upper management and IT departments. While working between both teams, the BI developer can determine what a corporation’s needs are.
While AI impacts the sectors mentioned above, we must ensure the usage of ethics. As noted by The National AI Initiative, “To be trustworthy, AI technologies must appropriately reflect characteristics such as accuracy, explainability and interpretability, privacy, reliability, robustness, safety, and security or resilience to attacks – and ensure that bias is mitigated.”
These key characteristics ensure human dignity when organizations and businesses implement AI initiatives. According to Accenture’s 2022 Tech Vision, only 35% of global consumers trust AI and 77% think organizations must be held accountable when misusing the technology. Additionally, AI for the social good within cities is of high importance.
IEEE’s AI-Driven Innovation for Cities and People was created in an effort to support responsible AI. This includes building standards for technical needs, developing a governance mechanism that scales AI systems, and distinguishing the tools needed for these actions. These efforts push the technology towards a bright and safe future.
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