July 2024
Intermediate to advanced
384 pages
10h 37m
English
book
Artificial Intelligence for Risk Mitigation in the Financial Industry
by Ambrish Kumar Mishra, Shweta Anand, Narayan C. Debnath, Purvi Pokhariyal, Archana Patel
Content preview from Artificial Intelligence for Risk Mitigation in the Financial Industry
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12Risks in Amalgamation of Artificial Intelligence with Other Recent Technologies
K. Sathya1* and A. Hency Juliet2
1Department of Computer Applications, Faculty of Science and Humanities, SRM Institute of Science and Technology, Kattankulathur, Chengalpattu, Tamil Nadu, India
2Department of Computer Applications, SIMATS, Saveetha University, Chennai, Tamil Nadu, India
Abstract
There are various risks while amalgamating two or more technologies. While doing sentiment analysis using artificial intelligence (AI) technique to monitor human activities online, the privacy of humans is affected. Applying AI technique in hospitals for taking care of elderly patients with the help of a robot caretaker affects the quality of life, and there is no contact with the human being. Practicing plenty of algorithms for self-driving cars instead of human decisions may cause mass accidents. In amalgamation of AI and the medical industry, AI sometime recommends wrong medicine to the patient, fails to predict the tumor on a radiological scan, and assign a single bed to two different patients. Another risk of a smart home is that all gadgets are associated, normally connected with the owner’s account. Hence, hacking a single device can provide access to the personal data of the smart home owner. AI has no creative thinking; this is the big disadvantage of AI. It never thinks out of the box, it behaves as per the human instructions even though it produces results with increased speed and accuracy than ...
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