This entry is in response to the question, "In your opinion, is artificial intelligence truly the best path towards a smarter and more efficient future?" posed by @mackenziejones.
I believe artificial intelligence is an efficient solution to processing large data accurately and to the general speed of data input as well. AI is a very useful tool in our world as it is able to incorporate algorithms into data analysis to discover patterns we may not have noticed otherwise. AI is applicable in nearly every aspect of the business world, from financial analysis to marketing strategy. Artificial intelligence offers endless ways to help a company grow and learn from their mistakes; every corporation should take advantage of AI if able because of the competitive advantage they are likely to achieve. With the use of artificial intelligence, humans can better focus on the aspects of their job that AI will never replace (such as empathetic components or emotional consideration in decision making) and increase the quality of their work as a whole. Artificial intelligence eliminates human error and time in processing data, however, AI does not need to replace every human task in the workplace. While AI continues to advance and evolve, it is important to remember it is a gift, not a necessity in achieving success.
Source: SAS Institute Inc. (2021). Artificial Intelligence -
What it is and why it matters. SAS. from
https://www.sas.com/en_us/insights/analytics/what-is-artificial-intelligence.html.