Description

Artificial Intelligence and Its Impact on Cyber Security

Understanding Artificial Intelligence

Artificial Intelligence or AI is the intelligence shown by machines. Usually, the term Artificial Intelligence is used when a machine behaves like a human in activities such as problem-solving or learning, which is also known as Machine Learning. AI is a science and technology based on disciplines such as:

• Computer Science
• Biology
• Psychology
• Mathematics
• Engineering
• Linguistics

The main goal of Artificial Intelligence is to create a technology that allows computers and machines to function in an intelligent manner. The entire problem has been broken down into the following sub-problems

• Learning
• Natural Language Processing
• Reasoning and problem solving
• Planning
• Creativity
• Social Intelligence
• General Intelligence
• Knowledge representation
• Perception
• Motion and manipulation

Are We Close to Artificial Intelligence Right Now?

In 1943 Isaac Asimov coined the term Robotics. In Artificial Intelligence was coined by John McCarthy in 1955. In 1958 John McCarthy invented LISP, and by 1997 The Deep Blue Chess Program had beaten the World Chess Champion, Garry Kasparov. There are so many ways we all interact and use Artificial Intelligence without even realizing it. Here are a few:

 Siri: Apple’s personal assistant on iPhone’s and Mac OS.

 Netflix: Recommendation engine

 Nest: Home Automation

 Alexa: Amazon’s smart hub

 Gaming: Games like Call of Duty and Far Cry rely heavily on AI

 News Generation: Companies like Yahoo, AP use AI to write small news stories such as financial summaries, sports recap, etc.

 Fraud Detection

 Customer Support: Companies have been using small scale Chat Bots to automate this process.

 Self-driving cars

 Speech Recognition

 Robotics

Industries That Will Benefit from Artificial Intelligence

Artificial Intelligence will and is playing a major role in revolutionizing a number of industries. Some reports have suggested that the total global market for Robots and Artificial Intelligence will reach ~$153 billion by 2020. AI not only decreases costs but also saves time, increases accuracy and productivity. The development in the field of AI has been phenomenal. Google estimates that robots will reach levels of human intelligence by 2015, one-third of jobs will be replaced by robots and other smart machines.

Few industries that’ll greatly benefit with advancements in AI are:

• Healthcare: Current AI (IBM Watson) is capable of diagnosing life-threatening diseases and prescribe treatment. We have also seen robotic surgeons, robots that are helping people in wheelchairs walk again, etc.
• Transportation: With more connected vehicles and self-driving cars, AI is replacing the need for a driver. Studies suggest that the installation rate of AI based systems in new vehicles will increase from 8% in 2015 to 109% in 2025. Furthermore, according to Gartner’s prediction, by 2020, there will be more than 250 million cars interconnected via Wi-Fi that will even allow the cars to communicate among themselves and the roadways. Driverless cars are said to save the U.S. alone $1.3 trillion a year by 2035 to 2050 and a global saving of about $5.6 trillion.
• Manufacturing: Being one of the first industries to use Artificial Intelligence by using robots for packaging and shipment. Factories have been started to automate their assembly line with little or no human supervision.
• Customer Service: With the rise of Chat Bots, the customer service industry has taken a turn for good. With decreased costs and high productivity, the customer service industry has been greatly affected by AI.
• Education: Education is a billion-dollar industry contributing heavily to the various economies. EdTech, as we all know, is a booming industry. AI could be used to grade papers, bots to answer questions, personal assistant systems that act as tutors, virtual reality for hands-on learning, etc.

Finance: The financial data has been increasing at a rapid rate making it harder for the financial services companies to keep up. With the help of Artificial Intelligence, predictive systems are being put in place to forecast stock trends and manage finances