[2024]Digital Global Overview Report 2024 Meltwater.pdf
Artifical intelligence_pros_cons_simplified.pptx
1. AI - Pros
Free to use 1
Process vast amounts of
data quickly and
accurately, enabling
organizations to make
more informed decisions
and optimize their
operations
Efficiency
Savings Accuracy Customization
Innovation
Automate routine and
repetitive tasks, reducing
labor costs and
increasing productivity
Analyze data with a high
degree of accuracy and
consistency, reducing the
risk of human error and
improving the quality of
decision-making
Analyze customer data to
create customized
experiences and
recommendations,
enhancing customer
satisfaction and loyalty
Enable new products and
services that were limited
to imagination, such as
self-driving cars,
personalized medicine,
and smart virtual
assistants
2. Free to use 2
Automation of routine
and repetitive tasks can
lead to job displacement,
particularly for low-skilled
workers
Jobs
Security Ethics Transparency
Dependence
Collection and storage of
large amounts of data
definitely raises concerns
about privacy and data
security
At least in the initial
generations, data seems
to be vulnerable.
Like the usage of
technological machines
such as calculators,
computers, nuclear
weapons, this
revolutionary technology
is open to debate on
ethical usage
Complex and difficult to
understand, which can
make it challenging to
ensure they are working
as intended and to
identify and correct errors
or biases
Blind dependence on
advance technology
might be problematic if it
fails or malfunctions.
Human rationale is
crucial before utilizing
any AI solution.
AI - Cons