How with Tech advancement and AI change the industry, behavior and economy?

Let us start with a simple example of how technology has influenced us daily. For example, to commute from one place to another, we have started using mobile apps like Pathao, inDriver, etc. We book the car and in a few minutes, we reach the destination. Along with the technological change, the business style has changed and both customers and sellers are satisfied.

 Technology has become a substantial part of our life and it is non-deniable. The implementation of technology in the health sector has changed over time. The patients are being diagnosed in more advanced forms.

 The wearable devices that check the heart rate and count the footsteps are a small example of healthcare technology.

 Technologies like radio, Television, telephone, computer, internet, personal computer, mobile phone, GPS, electric toothbrushes, mobile apps, light pens etc. have flipped the way we live and communicated.

 Furthermore, AI (Artificial Intelligence) refers to a machine that acts as human-like behaviour with the ability to learn, understand and interact.

 Knowingly or unknowingly we are invested in AI more than ever. Be it from searching our queries on search engines like google, bing, duckduckgo, yahoo etc. to advanced self-driving vehicles, robots, AI tools on missile detection, navigation, traffic detection, fastest paths on the map, AI tools that can automatically fix spare parts on automobiles and other machinery etc. AI's supremacy is very high.

 Some AI methodology has 'theory of mind' applied to their system to understand human emotion, distinguishing moods based on facial expression etc. Talking about the contribution of technologies and AI to business and the economy has created jobs and destroyed jobs. AI has replaced multiple workers with just one machine and making the workforce unemployed.

 However, the number of students choosing the machine learning streams has increased drastically over time. A huge amount is also being allocated to software development, machines, IoT(Internet of Things), and autonomous and augmented realities with the motive to bring revolution in the economy.

The pattern of AI overtaking humans gradually can predict how the manufacturers output good quality products in a more efficient way. AI has great potential to turn the economy into lots of profit where both sides (buyers and sellers) benefit.