Innovators are the backbone behind technological growth, and that growth is occurring at a faster rate now than it ever has before. While the brightest minds of the world are developing new ways to assist in human productivity through new technology, the future points towards a direction where technology will assist humans through its own mind.
Specifically, our lifetime is at a crucial cornerstone because the development of artificial intelligence is moving towards public discussion.
Artificial intelligence, or A.I., goes beyond the current digital assistants like Cortana, Siri and Echo. It’s the next stage, where a man-made device is able to act upon human perception. Human perception as in sight and voice, sentiment recognition, critical decision-making, language translation and more.
A revolutionary concept, an A.I. brought into the global finance sector “could help with making financial decisions and banking decisions,” according to Dr. Yoav Intrator, Chief Technology Officer of Hapoalim Bank of Israel.
“Regardless if it is Cortana, Siri or Echo, all are striving to be our personal assistants, but there are very few domains that are truly personal such as finance and health,” says Intrator. “Fortunately, most of us need to deal with finance and less with health, so the first player who will manage to deliver meaningful personal financial assistance and advisory is likely to become your preferred assistant as well.”
The future of technological incorporation is not going to disappear, and early on we, as a human race, accepted the fact that we need to learn to work with machines. “I do believe that we have seen too many movies where there is man against machine [A.I.],” says Intrator. “The thought should be man working with machines.”
With the development of A.I.s in the making, we are entering a time where it will be the machine’s turn to learn to work with us.
“There is no doubt that, in the long run, [A.I. development] will have a significant impact on the work force,” says Intrator, “but…from my perspective humans are always looking for a more effective and efficient way to work. A.I.s will make us more effective and more efficient.”
When people work with digital assistants, it is essentially the same as oneself doing the work. Even commanding something like Cortana to look up something as simple as a restaurant is just another form of typing in a Google search.
On top of that, if the responses we receive from a digital assistant are not to our liking we end up doing more work in the long run, “so it is expected that these machines will know our psyche too” says Intrator. The A.I.s are not only our next user interface into the digital world, but they are also the next user experience, “delivering experience that is fully tailored to our personalities and needs anywhere and anytime.”
“Here is a mechanism to work with robotics that can really compliment and extend you,” says Intrator. “This robot will really know about you more than you know about you, just because you may not remember everything about yourself.
“As you go into adulthood, you will see more dependency on that kind of technology to even help with innovation. ‘How do I do that?’ Well, maybe let the robot show you how to do that one.”
A.I. assistance is not the same as having a robot do the work for you. Rather, it is because the bright minds of the world today are more equipped than their predecessors, and their precursors before them, that A.I. existence will be at the forefront of technological advancement.
In order to keep innovation on pace, those bright minds will need some thing as smart as them to help them keep on track. That’s where A.I.s come into play.
“It is becoming another ‘arm’ of us or even an additional sense or a tool to operate in a world that is exponentially growing with new innovations,” says Intrator. “It might be strange to some, but we are not good enough to handle all of those innovations at the rate that they will be emerging. We will need an aid, and that will come to robotics.”
Dr. Yoav Intrator will be giving a blockchain presentation on the Potential Impact On All Industries at the Global Cyber Security Summit in London Oct. 12-13.