And the Winner is?

What's ahead in 2023?

We can all look forward to a break to clear our minds and try and resettle things for the upcoming year. One thing you will hear about more in the 2023 is the argument about whether the machine is superior to the human. Another way to look at it is artificial intelligence versus human intelligence. Let's look at the pros and cons.

Cost: A machine is more expensive upfront as you have to buy it/lease it before you can use it. Human labour on the other hand it's something you can pay off on a weekly basis much more cheaply.

Accuracy: In most cases, machines are more accurate when performing a task over an extended period of time. They don't get fatigued like people do, and they don't make careless mistakes due to boredom or distraction.

Efficiency: Machines can operate faster than human labour in many cases because they don't need breaks or rest periods. Additionally, they can multitask, and it has been proven that humans simply cannot.

Reliability: Humans may be able to think outside the box, and they come up with solutions that machines simply cannot replicate. Machines don't call in sick or take holidays. They just keep going until they breakdown in which case you fix them or replace them quickly.

Speed: machines are capable of performing calculations with absolute precision, ensuring that results are consistent every time without any human error discrepancies.

Emotional Intelligence: We can say at the moment that this is a "hands down" victory to the human. While computers of the future may be able to demonstrate some EI, at the moment machines are not able to think for themselves, or make decisions on their own. They must be programmed by humans in order to function properly.

Moore's Law. We all know about Moore's law, which stipulates that the capacity of computers is increasing at an exponential rate. Human intelligence, while also increasing, cannot keep pace with this rate of growth. "The iPhone in your pocket has over 100,000 times the processing power of the computer that landed man on the moon 50 years ago," computer scientist Graham Kendall from the University of Nottingham explained last year in The Conversation.

Gaming: Chess computers were first able to beat strong chess players in the late 1980s. Their most famous success was the victory of Deep Blue over then World Chess Champion Garry Kasparov in 1997. Since then, the computer can consistently beat the human. Will the same progression happen in other professions that rely on expertise, knowledge, and calculating power?

Is your profession threatened and how will you counter it, other than buy a machine to compete with the other machines in the marketplace that want to take your place?

Conclusion:?Humans vs Machines – who wins? The truth is that each has its own advantages and disadvantages depending on the particular task at hand; however when it comes down to it there really is no comparison between humans and machines as each has its own unique set of strengths and weaknesses that make them valuable in different situations. As small business owners, we should strive for balance between using both human labor as well as technological solutions whenever possible so as best benefit our businesses in the long run!

"If you are not doing scenario planning for the future, you will be swamped by it"

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