Beyond medicine, AI can help optimize supply chains across various sectors from engineering to manufacturing and services. This will result in cost saving and the reduction of down time. It could also improve customization to meet the needs of consumers and address demand variability.
Artificial intelligence(AI) is impacting local communities and global society. AI tools such as ChatGPT and OpenAI among others, are likely to transform the way we live, work, and interact with each other. It will impact various economic sectors in the United States, across the Asia Pacific region, and elsewhere. From medicine to pharmaceutical products, entertainment, corporate banking, retailing, and commerce. In the field of pharmaceutical and medicine, AI could usher in a future of innovation in diagnosis and could reshape the field of patient treatment care. AI could help medical providers identify medical markers quicker and better. An AI tool such as IBM Watson can provide diagnosis and data analysis faster. Overall innovations in the healthcare delivery system and the pharmaceutical industries are very promising and will grow immensely with AI tools.
Beyond medicine, AI can help optimize supply chains across various sectors from engineering to manufacturing and services. This will result in cost saving and the reduction of down time. It could also improve customization to meet the needs of consumers and address demand variability.
AI is likely to improve quality controls and help with generating design algorithms for optimization. It will certainly help access data, improve innovation, and enhance technological growth and development in various economies from highly industrial countries to emerging economies. Moreover, AI could improve cyber security and improve responses to customers’ needs by helping to build faster software. It could also monitor various corporate transactions to customize personalized advice, and could make related transactions more efficient, and free members in the value-added chain to move toward skill enhancement and learning. Furthermore, AI could also help monitor changes in supply chain and logistics to ensure availability of certain products and allow for efficient replenishment of missing supplies. Finally, AI usage in virtual voice assistant programs could be used in various sectors from retailing to banking, and could increase employee productivity and enhance teamwork.
While AI could perform tasks better than humans, it should be stated that AI has the potential for misinformation and risks in the social, economic and political spheres. Moreover, AI tools could not protect individuals from what has been referred to in social discourse as “hallucinations.” AI tools produce “hallucinations” and misinformation that could be used by others as facts and not be considered as opinions, though opinions are not always facts. Thus, AI tools could create incorrect falsehoods.
Salamatu Bappah Burah, 300 level Mass communication department, Federal University of Kashere, Gombe State.
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