Top Artificial Intelligence Providers Singapore

What Is Artificial Intelligence (AI)?

Artificial intelligence (AI) refers to the simulation of human intelligence in machines that are programmed to copy humans’ thought processes/consciousness and mimic their actions.

The term may also be applied to any automaton that displays traits associated with typical human cognitive reasoning, mental thought processes such as learning and problem-solving.

The outstanding feature of artificial intelligence is its ability to compute and perform tasks that have the best potential to achieve the desired end.

Comprehending Artificial Intelligence

When many individuals see the term artificial intelligence, the first thing they usually think of is robots.

That is because Hollywood blockbuster movies and novels depict narratives about anthropomorphic automatons that create chaos on Earth.

But this is possibly more dystopian than actual reality.

Artificial intelligence is based on the assumption that human intelligence can be abstracted in a way that a machine can easily simulate intelligence and execute tasks, from very basic to those that are increasingly complex, advanced.

The goals of artificial intelligence include learning, reasoning, and perception.

As technology advances, previous benchmarks that defined artificial intelligence become outmoded.

For example, machines that calculate basic functions or recognize text through optimal character recognition are no longer considered to exemplify artificial intelligence, since this function is now taken for granted as an implicit computer function.

AI is continuously evolving to profit many different industries.

Machines are wired using a cross-disciplinary approach rooted in mathematics, computer science, linguistics, psychology, and more.

Algorithms often play a highly important part in the composition of artificial intelligence, where simple algorithms are utilized in basic applications, while more complex algorithms aid in structuring artificial intelligence.

Applications of Artificial Intelligence

The potential applications for artificial intelligence are boundless.

The technology may be utilized across many different sectors and industries.

AI is being tested and utilized in the healthcare industry for feeding drugs and various prescriptions for patients, and for surgical procedures in the operating theatre.

Other examples of machines with artificial intelligence include computers that play chess and self-driving cars.

Each of these machines must weigh the consequences of any action they take, as each action will affect the outcome.

In chess, the goal is winning the game.

For self-driving cars, the computer system must integrate, receive all external data and compute it to drive in a way that prevents traffic accidents.

Artificial intelligence also has applications in the financial industry, where it is used to detect and flag activity in banking and finance such as unusual debit card usage and large account deposits—all of which help a bank’s fraud detection.

Applications for AI are also being used to help streamline and make trading easier.

This is done by making supply, demand, and pricing of securities easier to calculate.

Why use AI?

Artificial intelligence refers to simulation of human intelligence in automatons.

The ends of artificial intelligence include learning, reasoning, and perception.

AI is being used across various industries including finance and healthcare.

Weak AI tends to be basic and mono-task oriented, while strong AI carries on tasks that are more complex and anthropomorphic.

Categorization of Artificial Intelligence

Artificial intelligence can be categorized into two separate categories: weak and strong.

Weak artificial intelligence embodies a system designed to carry out one job.

Weak AI systems include video games such as the chess example from above and personal assistants such as Amazon’s Alexa and Apple’s Siri.

You pose the assistant a question, it delivers responses to you.

Strong artificial intelligence systems are systems that physically execute the tasks considered to be anthropomorphic.

These tend to be more complex and intricately constructed.

They are programmed to handle situations in which they may be required to solve complications, issues without  having any human direction at hand.

These kinds of systems can be found in applications like self-driving cars or in medical operating theatres.

Exceptional factors to consider

Since its inception, artificial intelligence has come under scrutiny from scientists and the public alike.

One prevailing idea is that machines will progress so rapidly,  become so sophisticated that humans will not be able compete independently and they will develop independent cognition, dwarfing humans, making humans redundant, evolving at an exponential rate.

Another is that machines may intrude into people’s privacy, possibly turn hostile to humans and eliminate mankind.

Other arguments debate ethics of artificial intelligence and whether intelligent systems such as robots should be treated with equal privileges as humans.

Self-driving cars have been controversial as their machines tend to be constructed for the lowest possible risk and minimal casualties.

If faced with a scenario of crashing into one person or another simultaneously, these self-directed cars would compute and heed the option that would minimize injury.

Another controversial issue that many people have with artificial intelligence is its potential adverse effects on human employment.

With many industries looking to automate certain jobs using AI directed automation, there are concerns that people would made obsolete from labor opportunities completely.

Self-driving cars may remove the need for taxis and car-sharing schemes, while manufacturers may easily replace human labor with machines, making humans increasingly redundant, obsolete.

Using AI and Data responsibly

As Singapore advances its digital economy, a trusted ecosystem is integral— one where organizations can benefit from tech innovations while consumers are confident to adopt and use AI.

In the global discourse on AI ethics and governance issue, Singapore believes that its balanced approach can facilitate innovation, safeguard consumer interests, and serve as a common international reference model.

Model AI Governance Framework of Singapore’s Government

In 2019, Singapore released its first edition of the Model AI Governance Framework (“Model Framework”) for broader consultation, adoption, and feedback.

The framework provides detailed and instantly implementable guidance to private sector organizations to address key ethical and governance issues when deploying AI solutions.

By articulating how AI systems function, constructing good data accountability practices, and creating open and transparent channels, the framework aims to promote public understanding and faith in technologies.

The second edition of the Model Framework, released in 2020, continues to take a sector- and technology-agnostic approach that can supplement sector-specific regulations and laws, using data responsibly.

Editor’s Note:

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