0 likes | 0 Views
As artificial intelligence continues to make its presence felt in various industries like finance, healthcare, etc., the debate over where AI can be a substitute for human judgment has grown more complex. While AI has unmatched power in analysing large chunks of data and identifying trends, it currently lacks elements like emotional intelligence, ethics, and adaptability.
E N D
WHY HUMAN JUDGMENT BEATS AI EVERY TIME: AJAY SRINIVASAN’S VIEW
As artificial intelligence continues to make its presence felt in various industries like finance, healthcare, etc., the debate over where AI can be a substitute for human judgment has grown more complex. While AI has unmatched power in analysing large chunks of data and identifying trends, it currently lacks elements like emotional intelligence, ethics, and adaptability. 03
Areas where AI has unmatched potential: According to Ajay Srinivasan, one of the leaders in the Indian business sector, “Gen AI is reshaping industries and redefining productivity at a speed faster than most people can imagine. The AI Trinity of Microsoft, Nvidia, and Meta is worth $10 trillion, 2x India’s market cap. There is no clear payback for these companies from Gen AI yet, but there is an all-out race between the tech giants in the US and China to take the lead in what is believed to be a winner-takes-all race. 03
Few areas where human judgement outperforms AI: Strategic thinking: Humans consider long-term impacts while designing business strategies. They also consider priorities and make decisions that are aligned with the company’s goals and vision.AI may factor in a lot but what comes form experience and intuition may not be replicable. 03
Bottomline: So, as you can see, no matter how reliant we become on artificial intelligence, we still need to understand the power of human judgment. While AI can offer recommendations and insights based on the available data, it lacks the context and deeper understanding that human decision-makers can bring to the table. This is where the importance of human judgment matters. 03