Artificial Intelligence

Artificial Intelligence: Incredible Possibilities but Devastating Risks

July 20, 2016 | Artificial Intelligence, Risks, Security

Our experience of Artificial Intelligence (AI), in general, is limited to Hollywood movies, wherein robots working on AI performs unimaginable tasks. However, in the real world, scientific community has made great strides.

AI, which involves embedding cognitive skills on computer, touches every sphere of our life. From autonomous vehicles to facial recognizing machines and from intelligent medical mechanisms that allow early detection of ailments to futuristic manufacturing processes, AI promises myriad possibilities that could transform our personal and professional life.  Indeed, man and machine interaction was never so exhilarating.  

Not surprising, the world’s leading technology companies like Microsoft, Facebook, and Google have poured-in lot of money for developing cognitive machines.  International Data Corp. estimates the market for artificial machines and applications to reach at $16.5 billion in 2019 from $1.6 billion in 2015, representing a CAGR of about 65%.

But as it is true with other technologies, AI too has a share of risks associated with it. Intelligent cognitive machines, as stated earlier, facilitates self-learning, reasoning, deducing, and making decisions. However, if a machine errs in making sound reasoning, it could result in devastating results. Recent fatal accident in Florida involving a driverless car is a good example. The car, in an autopilot mode, failed to detect a turning truck, sparking a debate on whether AI is safe enough for routine driving.

Likewise, it also raises few question marks when it comes to manufacturing. In an interview with the Wall Street Journal, Gartner’s fellow and research vice president raised a valid question on AI. He argues that how a company’s CIO could make investments on intelligent machines, or manufacturing process without having an exact picture on business results. Possible wrong reasoning from machines could result in product defects, or more disturbingly, fatal accidents in plants and factories.  

Having said that; AI promises rapid advancement in science and engineering. Let’s not be naysayers. All we need to do is to cut, control, and mitigate risks before we adopt intelligent machines.

ARCON provides state-of-the-art technology aimed at mitigating information systems related risks thereby enabling organizations to comply with Governance, Risk Management and Compliance (GRC) requirements. The company, in particular, is known for its unique Privileged Identity Management/Privileged Access Management solution, which helps deter the misuse of ‘privileged identities’.


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