Sustainable Development Goals are set to be achieved at a global level with the help of artificial intelligence and machine learning algorithms.
The emergence and evolution of innovative algorithms of artificial intelligence have a huge impact on both sectors, which requires an analysis of its impact on achieving sustainable development goals. Artificial intelligence is capable of accomplishing 134 targets across all the goals utilizing a consensus-based expert elicitation process, but it may also inhibit 59 targets. Artificial intelligence is undoubtedly evolving with the speed of light and it needs to be supported by mandatory regulatory insights and oversights to enable sustainable development.
The more you enable SDG by deploying artificial intelligence applications, the more important it will become to invest in AI safety research to keep systems beneficial and robust to combat fraudulent activities and hackers. Those systems may include autonomous vehicles, AI-powered healthcare solutions, and smart electric grids. Applications of AI and substantive research to SDGs are concerned with the enhancement of machine learning and data mining techniques to predict certain events.
Technology Is Bringing Development From Hype To Mainstream
Since the middle of the 1990s, artificial intelligence has assisted a wide range of decision-making tasks, regarding fraud detection and decision making. This evolution has accelerated rapidly since 2010. Technological progressions and advancements are resulting in the hype in economic development and growth over the long term in living standards. This results in the enhancement of overall productivity, thereby uplifting per capita suggestion and income.
According to the United Nations Department of Economic and social affairs (DESA) study in alliance with its agencies, 3D printing can potentially change how products are manufactured and address numerous issues of industrialization in developing countries, certainly for underdeveloped countries.
Artificial Intelligence Is Challenging Labor Markets and Equality
As innovative evolving technologies prove to be promising and reliable, a threat is also observed regarding the disruption of labor markets and its contribution to income inequality. According to the DESA study, it is the biggest public fear that robots and artificial intelligence will replace human jobs in the near future on large scale, which will result in massive unemployment globally. In this modern era of revolutionary technological advancements, artificial intelligence is challenging to replace brainpower similar to how machines challenge to substitute muscle power in the past.
It is estimated according to a study that human jobs and manual working will be automated very soon and can reach astonishing numbers of over 80%. The various analysis also suggests that artificial intelligence will prove to be beneficial for higher-skilled workers with a high degree of reliability, plasticity, expressiveness, interpersonal and problem-solving and skills. In manual and cognitive jobs, low and medium-skilled workers will face more pressure than before from enhanced artificial intelligence, machine learning, and artificial intelligence algorithms.
AI may help UN’s Sustainable Development Goals
In the current era of technological progressions and advancements, artificial intelligence is playing a crucial role in the economy. From driverless cars to 3D printing to advanced medical diagnosis. Artificial intelligence can fundamentally reshape the dimensions of local and global economies in upcoming years.
A study was conducted by scientists from the Andalusian Research Institute in Data Science and Computational Intelligence (DASCI) the University of Granada, with the private company Ferrovial and the Spanish Royal Academy of Engineering (RAI) to analyze how artificial intelligence is strongly integrated with engineering and technological solutions, and how it proves to be beneficial to 17 Sustainable Development Goals (SDGs) set by United Nations.
On October 11, Experts from businesses, academia, and governments gathered at UN headquarters to place the issue of artificial intelligence on the international agenda, and for the identification of options to harness the potential of swift technological innovations towards accomplishing Sustainable Development Goals.
United Nation established 17 SDGs as a part of its 2030 plan for the protection of earth and for the assurance of prosperity for all people, which constitute a fundamental revolution for companies and governments in the design of evolving business models and public policies on the basis of feasibility.
The Final Verdict
Every coin has two sides. The evolving economic significance of artificial intelligence might have the possibility to result in immense inequality because of unevenly distributed computing and educational resources around the globe. AI-powered technology has the potential to boost well-reputed sectors and have the possibility to replace humans, resulting in unemployment. Moreover, the existing biases in data are utilized to train artificial intelligence algorithms, resulting in exacerbation of those biases, eventually leading to discrimination growth.
Perhaps, artificial intelligence has strong potential to solve global challenges. Artificial intelligence proves to be helpful in decision-making and problem-solving, and also can expand individual capabilities and skills. Emergence in the utilization of artificial intelligence can boost the agility and efficiency of intercessions through automation. With novel artificial intelligence approaches such as Transformers, Federated Learning, and unsupervised learning, the next generation of artificial intelligence will unlock the unpredictable and unimaginable possibilities in technology and development.