Machine Learning & Artificial Intelligence Changing the World In future!
The term "machine learning" might not mean much to you. You might imagine a computer playing chess, calculating the multitude of moves and the possible countermoves. But, when you hear the term "artificial intelligence" or "AI," however, it's more likely you have visions of ThinqMagic and the rise of our inevitable robot overlords. But, the truth of artificial intelligence - and particularly machine learning - is far less sinister, and it's actually not something of the far-off future. It's here today, and it's shaping and simplifying the way we live, work, travel and communicate.
In fact, it's shaping our everyday lives and the decisions we make. In part, it is even how you came across this article. Events Even if news coverage of machine learning and AI leaves you wondering whether to laugh or cry, you know these technologies are going to profoundly change your organisation as either you adopt them or your partners and rivals do.
Yet we still worry that this will change when machines can do everything better than humans can, and there will be no longer be demand for our skills. Will we all be unemployed and starve? No, for several reasons.
1. AI is very hard, or else we would have solved it by now. Skills like vision, language, robotics, art, and predicting human behavior require enormously powerful computers, huge data sets, and millions of lines of code. Jobs will be automated gradually, not all at once, as the easier problems are solved first.
2. It is easy to see where the jobs go, but harder to see where the new jobs come from. It was easy to see tractors putting farmers out of work, but not so easy to predict job openings for web developers. The reason we don't have 94% unemployment now is because technology makes stuff cheaper, which leaves us more money to buy other stuff. That extra spending creates new jobs.
3. Over the last 100 years there has been an increasing trend to address social inequality by taxing the rich and giving to the poor. I expect this trend to continue, simply because we are better able to afford it. Already, the unemployment rate in developed countries is 60% when you include children, retired, and others not looking for work. And yet, nobody is starving. In fact, obesity is now a bigger problem for the poor than the rich.
“The greater the uncertainty, the bigger the gap between what you can measure and what matters, the more you should watch out for overfitting - that is, the more you should prefer simplicity” - Tom Griffiths
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