Professional Documents
Culture Documents
The Impacts of Artificial Intelligence On Innovations
The Impacts of Artificial Intelligence On Innovations
Name:
Course Title:
Instructor:
Submission date:
Surname 2
INTRODUCTION
simulated in machines that have been programmed to think and act like human beings. It is a
technology about human-machine interaction that changes the logic of human life and
working systems and transforms the quality of human life.1 Artificial Intelligence uses
technologies and things like data science, big data, the internet of things, Artificial
Intelligence, blockchain, and cloud computing are some of the things that are changing the
modern world and how people live. The adoption of Artificial Intelligence results in a smart
Rapid advancements in artificial intelligence have several impacts on the economy and
society at large. These innovations have a direct influence on employment, productivity, and
competition. The speed with which artificial intelligence is entering every sector gives many
artificial intelligence can change the innovation process itself, whose consequences may, in
the future, dominate the direct effect. Throughout history, innovation has always been the
main driver for improved standards of living. Today, almost all sectors use one or more of
The field of artificial intelligence is still growing. Due to a lack of enough knowledge of
the increasing amount of information available, scaling leads to data problems for enforcing
1
. Charniak, Eugene. Introduction to artificial intelligence. Pearson Education India, 1985
2
. Tang, Xuli, Xin Li, Ying Ding, Min Song, and Yi Bu. "The pace of artificial intelligence
101094.
Surname 3
artificial intelligence technology.3 Moreover, many information branches and fields need to
make expert decisions when obtaining confidential information from various sources using
artificial intelligence. Therefore, there is a need to provide adaptive artificial intelligence for
Therefore, this paper will provide a piece of knowledge on the innovations and
contributions of artificial intelligence to businesses and society at large. It will also explain
how artificial intelligence has transformed business operations, research and development
organizations, and the global economy.4 The results from this research can be applied by the
developing countries towards the adoption of Artificial intelligence shortly. The study will
also help to know more about the artificial intelligence system in a better way.
Research Objectives
This research paper aims to clarify the current level of innovation, integration, application,
and impact of artificial intelligence on business. The current period is a fascinating period of
human history because of the technological innovations taking place at a significantly higher
rate. For instance, robots working in industries, artificial intelligence gamed, cars driving
themselves, and smartwatches monitoring patients' health are some of these technological
innovations from artificial intelligence. The research aims to answer the following questions:
1. What are the factors resulting in today's exponential growth in artificial intelligence?
2. Are all other technologies slowly being replaced with artificial intelligence?
3. How is the development of artificial intelligence affecting industries and all sectors
4. How does artificial intelligence impact all businesses around the globe?
5. How is the influence of artificial intelligence transforming the market and future jobs?
LITERATURE REVIEW
3
. Ibid.
4
. Ibid.
Surname 4
Distortion of innovations may be less or more due to the insight consideration gained in the
conditions of incentives in terms of both overall direction and the research level.5 General-
purpose technology gives a rise in the innovation process that can lead to underinvestment
and distortions in the direction of investments. Lack of incentives in a sector can lead to an
Another concept for thinking about artificial intelligence is the economics of research
tools. In the research industry, innovations lead to new areas of inquiry as well as improve
productivity. Most of these advancements have significant potential across a wide range of
domains beyond the initial applications. According to the classic studies of hybrid corn by
Griliches in 1957, new research tools invented create or improve the product and involve a
new way of creating new products, with more and broad applications.6 The hybrid corn
invention represented a comprehensive method for breeding new different varieties. This
One of the most important results of these innovations is that the economic impact of these
research tools reduces the cost of innovation activities and provides a new approach to
design. For example, before coming up with double-cross hybridization, the main focus in
agriculture was self-fertilization.7 Therefore, when hybridization was systemized and the
5
. Mitchell, R. S., J. G. Michalski, and T. M. Carbonell. An artificial intelligence
6
. Griliches, Zvi. "Hybrid corn: An exploration in the economics of technological
advantages demonstrated, the techniques and conceptual approach for innovations in the
agricultural field were shifted, leading to new tools and knowledge in systematic design.
The innovations of machine learning and neural networks have a significant impact on the
classifications and prediction area. The invention of optical lenses had an economic impact,
although the lenses had substantial and long-lasting effects on science, growth, technological
change, and welfare. Through making microscopic objects to appear large, lenses opened up
excellent opportunity to read genomes in ways that humans could not perceive and recognize.
The immediate impact of many research tools is to reduce the cost and improve the quality
of the existing innovation processes.9 For instance, in the pharmaceutical industry, new
material kinds promise the enhancement of the efficiency of specific research processes.
Besides, the innovation of genetically engineered research mice has a significant impact on
biomedical research. The challenge posed by artificial intelligence advancements is that they
appear to be research tools that can change the innovation method and have broad
contracting the innovator is not perfect, and the uncertainty of the new tools' application.10
When the innovation requires multiple steps, providing an appropriate benefit poses a
question on whether and how to give the rights in general and how to distribute property
8
. Leung, Michael KK, Andrew Delong, Babak Alipanahi, and Brendan J. Frey. "Machine
9
. Ibid., 183
10
. Ibid., 185
Surname 6
rights and incentives across the stages of the innovation process. For instance, the lack of
stimuli during the early stages of innovation means that the subsequent innovations' tools will
not be invented.
aiming to make machines intelligent. That is the quality that enables an organization to
function appropriately with the planning in its environment.11 Artificial intelligence has been
unified since its invention by its engagement and the possibility of mechanizing intelligence.
The intellectual history of artificial intelligence as a scientific and technical field is described
by distinguishing between three separate but interrelated areas, namely robotics, symbolic
Historically, the most prosperous area of research in the history of artificial intelligence
falls under symbolic systems. Early inventors were more concerned with artificial
intelligence as a learning process. However, the symbol processing hypothesis was based on
the replication of human decision making through processing symbols.12 Several attempts to
demonstrate this process have successfully established projects, such as a computer's ability
to navigate the elements of board games such as chess. The research-based on the concept of
general problem solutions has been an area of interest. There are also several areas of interest
in the use of such approaches to assist human decision making. While symbolic symbols
continue to be an area of research, it has not been central to artificial intelligence applications
commercially.
11
. Nilsson, Nils J. The quest for artificial intelligence. Cambridge University Press, 2009.
12
. Iliadis, Lazaros, Ilias Maglogiannis, and Vassilis Plagianakos, eds. Artificial
The other influential area in artificial intelligence ought to be robotics. The robot's concept
as a machine that can perform human tasks is an old concept that dates back to the 1940s. It
machine tools and the development of more adaptive and rule-based robotics that can sense
the environment.13 These machines are programmed to perform a specific task in a controlled
environment. Over the past two decades, robotics innovations have a significant impact on
automation and manufacturing by introducing more responsive robots that use programmed
The advanced robots continue to capture the public imagination when the term artificial
innovations are being talked about. Automation of laboratory equipment has increased the
speed of research productivity, but robots are not connected with the advancement, making
researchers take innovations across many domains. The robotic space has been the best
helpful research tool in the scientific field. The automated remote sensing tools to collect data
at a large scale or in a more challenging environment may change some areas of research.
Learning can now be characterized as the third stream in artificial innovation. Learning
approach trials to bring out reliable and more accurate ways for the predictions of physical
and logical way events in the presence of particular inputs has been focused more than the
symbolic logic or sense and reacting systems.14 A neural network has also been mainly
crucial in this specific areal of artificial innovation. A neural network is a program that
combines weights and thresholds to change a set of inputs into a set of outputs, and it
measures the closeness of the results to reality and then adjusts the weight it uses to narrow
13
. Ibid.
14
. Brooks, Rodney A. "Elephants don't play chess." Robotics and autonomous systems 6,
Neural networks, in this way, can learn more as they feed more inputs. It is a critical step
to differentiate the three artificial innovation streams into bringing a more developing and a
better understandable process due to the difference in their potential significance.15 Now that
the significant improvements in artificial innovations have not been in general problem
solvers, the symbolic systems motivated human thinking capacity. The recent advancements
of robots and deep learning need a highly significant level of human planning to narrow the
In the future, further breakthroughs can lead to technology that can lower the nature of
human intelligence. Scientific and commercial attention is as well removed from these
domains by the recent advances.16 Secondly, these advancements have consequences of being
considered in future economic effects like job opportunities decreased. It is essential to focus
on improving robotics and the application of deep learning, which have taken over for the last
few years. Robotics are positively associated with highly specialized applications.
Robotics is an area where it is more widespread and has more improved performances in
terms of job displacement to job enhancement. Though recent advancements have some side
effects on jobs, they also positively impact job enhancements and new tasks. Deep learning
has proven to be a powerful tool in artificial innovation in physical and logical events that
require a set of program instructions to perform better.17 The improvement of deep learning to
15
. Brooks, Rodney A. "Intelligence without representation." Artificial intelligence 47, no. 1-
3 (1991): 143
16
. Ibid.
17
. Leung, et al., "Machine learning in genomic medicine (2015): 182
Surname 9
prediction has enabled a new way of doing technical and scientific research. Rather than
dealing with small-sized datasets, it is now possible to move on with large pools of
It is clear that if the advance of deep learning brings the arrival of general machine tools,
it's likely to be very significant in the long-run economic, social, and technological
consequences. These new advanced general-purpose tools across many sectors might result in
job displacement though it will bring out increased productivity that will boost economic
growth.18 It will help understand the extent to which deep learning is and how it will enhance
innovations. The performances of deep learning algorithms depend on the training data that
The development of deep learning supports the idea of reduced marginal costs, forcing
research and development organizations to substitute highly skilled labor towards fixed cost
performance and come up with new opportunities that investigate social and physical
phenomena.19 The ability to substitute away from specialized labor and capital may lower
entry barriers in specific scientific or research fields. The development of markets for shared
artificial intelligence services and the availability of relevant data may be necessary to adopt
Besides, this new research paradigm requires a significant shift in the management of
innovation itself. The possibility of replacing skilled technical labor in the research sector
18
. Ibid., 187
(1961): 13
Surname 10
with artificial intelligence will break the science in some fields by disrupting career and labor
markets that support long training periods in many scientific and technical operations.
It is possible that deep learning will change the nature of scientific and technical
advancements. It also offers an alternative concept based on predicting many approaches that
abstract away from underlying causes, but that allows for a singular prediction index that can
yield sharp insight. The understanding of causal mechanisms and abstract relationships comes
at a cost.20 For example, it is easy to imagine a deep learning system trained on a large
amount of x-ray diffraction data quickly discovering the structure of DNA at low marginal
cost. Still, there is a need for human judgment about a broader biological context to realize
drivers of the economy. Their analysis helps to gain a valuable understanding of exploring
start-ups are creating technological and process-oriented innovations that would generate
efficiency gains and business opportunities in the future.21 The analysis of the top artificial
intelligence start-ups shows the influence of advanced research and artificial intelligence on
global markets. However, the study also shows that artificial intelligence technology is only
confined to a few regions globally, which creates an artificial intelligence divide. The divide
Machine learning takes data and puts into consideration the underlying trends.22 If machine
20
. Ibid., 20
21
. Russell, Stuart, and Peter Norvig. "Artificial intelligence: a modern approach." (2002).
22
. Ibid.
Surname 11
learning spots something relevant to the problem at hand, software designers use that
knowledge to analyze specific issues. Data comes from digital information, unstructured data,
make decisions using real-time data. Use of remote inputs, digital data, or sensors combine
information from various sources and act on the concepts derived from that data.23 With the
Lastly, artificial intelligence can learn and adapt as they make decisions. For example,
vehicles have tools that let drivers and vehicles know about upcoming congestion,
construction, or any other possible traffic disruption in the transportation sector.24 The cars,
therefore, can take advantage of the experience of different vehicles without human
involvement. The drivers can sense the ongoing traffic and vehicle conditions from the data
significant role in determining the outcomes of wars and battles. Operational intelligence
gives all sorts of information about the enemy and their country. Intelligence is always
essential as it reduces the ignorance margin and the risk element in the planning of any
military and civil operations.25 Intelligence about the enemy would be incomplete and
23
. Ibid.
24
. Ibid.
25
. Handel, Michael I. "Intelligence and military operations." Intelligence and National
ineffective if the operations and plans were unknown. The military team must reveal to the
advisory units by the end of the 19th century. It was very influential during the Cold War era
and World War II. Currently, it is being applied in regional conflicts and the war against
terrorism. It is the center of the building and maintaining national security, as it is essential in
defining and assessing its planning and expenditures within an integrated knowledge race. 26
However, some public data shows that investment in intelligence is between 5%-12% of the
defense budget.
The extent to which intelligence contributes to the military is analyzed concerning the
value of information and game theoretic frameworks. Intelligence itself has no direct effect
on the military's capability, and therefore, it should be integrated with weapon systems and
personnel.27 Countries benefit from a higher level of intelligence precision. On the other
hand, the rivals in a war of any conflict are better off with intelligence than without it,
irrespective of its precision level. Intelligence from enemies may harm the country’s military
capability.
Artificial intelligence plays a significant role in the national defence. For instance, the
American military deployed to sift through massive data and video captured by surveillance,
then alert human analysts when there is a suspicious activity. The big data analytics
26
. Pecht, Eyal, and Asher Tishler. "The value of military intelligence." Defence and Peace
27
. Ibid., 190
Surname 13
associated with artificial intelligence affects intelligence analysis.28 Whether America will
ever wage war with artificially intelligent lethal systems, there should be a need to defend
against these systems because they operate at hyper war speeds. Preparing for hyper war and
supporting critical cyber networks must be a high priority since China, North Korea, Russia,
and other countries use substantial resources into artificial intelligence. Artificial intelligence
should, therefore, combat terrorism, provide security, and improve speech recognition
programs.
Counterintelligence
This is the information that is gathered and the activities undertaken to protect against
sabotage, espionage, terrorist activities, and assassinations among other intelligent activities.
It must take into account the signals and imagery intelligence to determine hostile activities.
planning and direction, collecting, processing, producing, and disseminating.29 However, this
information is useless without proper action. In counterintelligence, there is a lot of truth, lies
and deception. Therefore, the intelligence organization must take extensive measures to
security involves keeping classified information away from unauthorized people as well as
making sure people who have the information protect it. Secondly, it provides the first line of
defense. To protect the information, intelligence organizations are in a dilemma about their
28
. Iliadis, et al., Artificial intelligence applications and innovations. 2018.
29
. Handel, Michael I. "Intelligence and military operations." (1990), 56
30
. Ibid., 63
Surname 14
future betrayers is an imperfect process that leads to allocation of resources to the wrong
rates below 100%, which leads to employment of individuals prone to security threat.
Espionage
Espionage refers to the act of obtaining confidential or secret information without the
permission of the information holder. Technical security systems should have a high level on
intelligence protection. Budget for the protection from espionage is mostly spent on internet
security software and Firewalls enabling safety from attacks from hackers.31 However, with
attacks of spies. From researches, most of the information outflow or leakage is done with the
help of the insiders. Therefore, the only comprehensive system of preventive methods for
espionage threat with all the security disciplines included can maximize data protection.
Homeland Security
There has been an increase in the cybersecurity threats in terms of intensity, severity, and
frequency, and these are a real threat to the country’s security. At the federal level, the
response to terrorism threats and prepare for any attacks. The department of homeland
security also enforces immigration policies and administers immigration and naturalization
services.
Information used to measure heroin use and availability trends together with intelligence
filed reporting indicates that heroin was available in metropolitan areas of the United States.
Intelligence information from New York indicates that ethnic traffickers from China are
31
. Ibid., 67
32
. Ibid., 77
Surname 15
emerging as heroin wholesalers.33 Drug policy requires a complex interaction between the
police and the criminal justice system, health and social care services and drug markets.
Finance
Decisions about loans are being made by software that considers a variety of information
about the borrower, such as the credit score and background checks. According to studies,
investments in artificial financial intelligence in the United States tripled to 12.2 billion
dollars between 2013 and 2014.34 Another example is its stock exchanges applications, where
very high-frequency trading by machines have replaced human decision making. Investors
will submit buying and selling orders, and then the computers will match them
Artificial intelligence is also helpful in financial systems for fraud detection. Fraud
mitigation has been a top priority for banks all over the world. Artificial intelligence,
therefore, helps banks to improve their predictions, identify the actual cases, and reduce false
alarms. Machine-learning algorithms can analyze a lot of data and then detect fraudulent
transactions. By this, they reduce false positive results as well as increase precision of real-
time approvals.
Criminal Justice
Judicial experts claim that artificial intelligence programs reduce human bias in law
enforcement and lead to a fair sentencing system. However, critics worry that artificial
intelligence algorithms will provide a remote system to punish citizens for crimes they have
not yet committed.35 Despite these issues, most countries have already moved ahead in this
33
. Ibid.
34
. Ibid.
35
. Ibid.
Surname 16
area. These new technologies make it possible to match images and voice and use artificial
The application of artificial intelligence has led to the reduction of human error. Human
beings are prone to mistakes from time to time. Computers, however, do not make these
mistakes if they are correctly programmed.36 Decisions are taken from the previously
analyzed information, so errors are reduced. Secondly, artificial intelligence takes risks
instead of humans. The development of AI roots can perform tasks that are risky to humans.
Thirdly, the use of artificial intelligence is available anytime. Humans work for specific
hours and need time for refreshments, but the machines work throughout time without any
breaks without getting tired or bored.37 Besides, they help perform repetitive jobs such as
sending emails and verifying errors in certain documents, among others. This removes
tedious tasks for humans and frees them up to perfume other tasks. Moreover, most
organizations use digital assistants to interact with users, saving the need for human
resources. These digital assistants help users with the information they need.
Furthermore, the use of artificial intelligence machines helps to perform tasks and make
decisions faster than human beings.38 Humans analyze many factors, both emotionally and
practically, while making decisions, but their programming delivers results very fast with
devices. Lastly, artificial intelligence has brought so many new inventions that help humans
36
. Russell, Stuart, and Peter Norvig. Artificial intelligence, (2002).
37
. Ibid.
38
. Ibid.
Surname 17
Despite the above advantages, artificial intelligence also has a dark side. First, the creation
of these artificial intelligence machines requires a high cost because of their complexity.
Their hardware and software need to be updated with time to meet the latest requirements.
They also need repair and maintenance, which require high costs.39 Additionally, the
automation of almost all tasks will make humans lazy. Besides, artificial intelligence has
replaced most of the works, thus leading to high levels of unemployment. Organizations are
looking forward to returning the less qualified staff with robots that can do similar work more
efficiently.
Besides, machines lack out of the box thinking because they are designed or programmed
to perform a specific task. Anything beyond that will crash them and give irrelevant outputs.
Again, machines cannot develop a bond with humans, which is essential for team
RESEARCH METHODOLOGY
This research's primary data will be obtained using google forms to collect data and
analyze that data by using google analysis tools and other tools. Secondary data will involve
using previous google research to collect some related information and explore those with
data collected by google form. Data collection by Google and live local fields users who use
artificial intelligence products and systems. The research data analysis is done by google data
analysis tools and other artificial intelligence-based tools. Data collected is evaluated by
grapes chart and some different ways. After all the final analysis, each of the last grapes data
and check everything correctly and justify all the data to make a perfect and justified final
CONCLUSION
Artificial intelligence and machine learning are both scientific and mythical products. The
discovery of the idea that machines could perform human tasks is not new. However, due to
39
. Ibid
Surname 18
advancements in technology, a lot is anticipated than ever before. Artificial intelligence has
been part of everyday human life and has changed how people live.40 The progressive growth
of automation and intelligence results from two factors: the increasing availability of big data
and hardware accelerations. These are making artificial intelligence the core technology
responsible for connectivity and automation, thus leading the world towards the fourth
industrial revolution.
The process of innovation and global competitiveness has strengthened due to the
adoption of various corporate firms' strategies that aim to become artificial intelligence firms.
The intention is to grow with the most advanced synthetic intelligence industries that will
confined only to a few regions, thus creating an artificial intelligence divide. Further
expansion of technology in the artificial intelligence-enabled countries will widen this divide,
However, no matter how intelligent the future of artificial intelligence becomes, it will
never be the same as human intelligence. No machine can make entirely autonomous
decisions that require human intelligence and recognition of human values. Artificial
intelligence can achieve great discoveries and advancements due to its multiple possibilities.42
Most systems can learn, and this allows people to improve their performance over time.
40
. Mitchell, R. S., J. G. Michalski, and T. M. Carbonell. An artificial intelligence
41
. Tang, et al., The pace of artificial intelligence innovations, (2020)
42
. Ibid.
Surname 19
A clear strategy is required to consider the associated ethical and legal challenges to
ensure that society will benefit from artificial intelligence advancements. Most important of
all, it is crucial to differentiate science fiction from practical reality. With the required
investment and funding, Artificial intelligence will transform the future of the economy and
society at large.
Surname 20
References
Brooks, Rodney A. "Elephants don't play chess." Robotics and autonomous systems 6, no. 1-2
(1990): 3-15.
(1991): 139-159.
Leung, Michael KK, Andrew Delong, Babak Alipanahi, and Brendan J. Frey. "Machine
(1961): 8-30.
education, 2005.
Nilsson, Nils J. The quest for artificial intelligence. Cambridge University Press, 2009.
Russell, Stuart, and Peter Norvig. "Artificial intelligence: a modern approach." (2002).
Tang, Xuli, Xin Li, Ying Ding, Min Song, and Yi Bu. "The pace of artificial intelligence
101094.
Surname 21
Pecht, Eyal, and Asher Tishler. "The value of military intelligence." Defence and Peace