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Artificial Intelligence's beneficial impact on economy, education and healthcare

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Artificial intelligence (AI) continues to prove to have a beneficial and fast-paced impact on education, healthcare, and economy.

The measure of the impact artificial intelligence will have on the global economy is bolstered by its successful application into industries. As researchers continue to develop the efficiency and reliability of AI, the application of AI into industries will grow exponentially; therefore, the impact could be incalculable. Desjardins states, “By 2030, AI is expected to provide a $15.7 trillion boost to GDP worldwide- the equivalent of adding 13 new Australia’s to the global economy”. A boost of this size indicates that vast technological advancements are expected to be made as well. This will create benefits aside from the monetary value. Increased trade between countries will result, which will lead to specialization and competition. A healthy competition between industries encourages innovation as they compete for the consumers’ dollar, and innovation is the heart of technology. The economic boost improves and supports international relations as well. The efficiency of AI can impact many parts of the economy such as manufacturing. Rather than humans occupying the jobs, machines are more consistent, reliable, and productive. Lohr presents “a series of charts and graphs that track AI- related trends over time. They include measures like the rate of improvement in image identification and speech recognition, as well as start- up activity and job openings”. Not only does AI create beneficial developments in economy, but as well as image identification and speech recognition. It also promotes entrepreneurship and new jobs. Therefore, rumors of replacing medical jobs in the future are no longer needed.

AI has shown some improvement in healthcare, but researchers say the possibilities of a greater healthcare system with AI involved. Pearl states that “[u]sing consensus algorithms from experts in the field, along with the data that oncologists enter into a medical record, a computer can review dozens, sometimes hundreds, of established treatment alternatives and recommend the most appropriate combination of chemotherapy drugs for a patient”. Having various ways to cure a patient helps improves the chance of the medicine curing the patient. It can improve the quality of care and STOP. He clarifies, “Visual pattern recognition software is estimated to be 5% to 10% more accurate than the average physician”.

AI has shown a great impact on education and will continue to do so. Bernard states, “The Navy reported that the students who had worked with the digital tutor made enormous strides in their education, and that they consistently rested higher than students who had studied without the program’s benefit”. Using technology in the classroom hugely impacts on an individual student’s grade and as well as the classroom in a whole. Dickson indicates how “AI can also help take part in learner groups as a member and help sway discussions in the right direction by providing content, posing questions and providing alternative viewpoints”. Helping students learn beyond one aspect of a discussion can improve students’ education.

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