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How Artificial Intelligence is Rapidly Affecting Our Work & Personal Lives
Artificial Intelligence (AI) is growing rapidly and has already begun to affect our work and personal lives. From self-driving cars to virtual assistants like Siri and Alexa, AI is revolutionizing the way we live our daily lives. These AI-powered technologies have the potential to make our lives a lot easier and more convenient, though they raise some concerns about privacy, security and accuracy.
This rapid growth of AI has the potential to bring significant benefits, such as improved efficiency, accuracy and cost savings.
As AI systems become more advanced, they are increasingly being integrated into many different industries, including healthcare.
The AI healthcare market was valued at $11 billion in 2021 and is projected to be worth $187 billion in 2030. This massive increase means we will likely see considerable change in how medical providers, hospitals, pharmaceutical and biotechnical companies, and others in the healthcare industry operate.
AI has the potential to transform healthcare delivery, increasing analytical output beyond what health human resources can supply. For instance, AI algorithms are analyzing medical imaging data to identify early signs of diseases like cancer, often with greater accuracy than humans, and at a lower cost. This allows for earlier, more effective treatment, easing a strain on the healthcare system and potentially saving millions of lives.
However, it also presents risks, including job displacement, privacy concerns and potential misuse.
One of the most significant impacts of AI is its effect on the job market. As AI systems become more advanced, it will displace jobs in some industries but also create new job opportunities in others.
Like anything, AI is only as valuable and reliable as the sum of its components. If data is indiscriminately sourced from the internet – a pool of contradictory and
sometimes inaccurate information – that’s a problem. The internet remains a landscape of disinformation mixed with factual content.
There is evidence of biases and misguided perspectives infiltrating AI necessitating the development of algorithms to uncover bias, including falsehoods, racial or gender discrimination.
Ensuring that AI has a proper place in society, business, healthcare and other fields, public policy and oversight are extremely important.
It’s critical to develop regulations and safeguards that address ethical issues. Legal and ethical implications remain "uncharted territory," making individuals and
organizations vulnerable.
Consent and data ownership are susceptible to corruption until accountability and consequences are solidly formulated.
At the Nurses' Union, we are keeping a close eye on AI technologies and preparing ourselves to use this technology to our advantage. We are aware of the risks and are taking steps to mitigate any.
