Artificial Intelligence - Relevence To Modern Economy

Contribution Of Artificial Intelligence To The Economy

Presented By: Pavan Kumar Doddi

07/24/09

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OUTLINE

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INTRODUCTION

Artificial Intelligence ???

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Who is she?

Dion" robot from China……….. 07/24/09

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Man Vs Machine !!

The X-1 is a high performance humanoid fighting robot for martial arts training, demonstration, and entertainment. It consists of a mobile unit with 24 degrees of freedom connected by umbilicals to a large compressor and a computer control cart. Many advanced performance and safety features are unique to the X-1.

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Globalization???

Allan Turing

Turing Test ? 07/24/09

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Chess Players Know The Answer…..

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Impact of AI on ECONOMY 

Economic approach to AI   

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Resource allocation Rationality abstraction decentralization

It will lead to expanding economy… Even that work can be done using AI… but necessarily!!!!!! AI is inexpensive going to be even more inexpensive..

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Contd.

---There is no historical evidence that rapid productivity leads to loss of jobs… ex: Developed nations… U.S banking… ---Problem is not in finding work…. Problem is in finding mechanisms …. ---Converting into automated factories is an Herculean task.. ---Not all people who are employed are required ---U.S department of labor

Blem is finding m

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Artificial intelligence is itself developing in to a new industry..

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Contd.

Individuals and organizations have an abiding interest in AI for several important reasons, including the following: To preserve expertise that might be lost when an acknowledged expert is unavailable. To create organizational knowledge bases so that others may learn from past problem-solving successes. To help decision makers be consistent in their evaluation of complex problems.

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Contd.

Robot teams

could contribute to manufacturing by operating in a dynamic environment with minimal instrumentation, thus providing the benefits of economies of scale. They could also participate in automating sophisticated laboratory procedures that require sensing, manipulation, planning, and transport.

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AI affecting future economy! Mr. R.C.Bhargav chairman of Maruti Suzuki India Ltd.said “Robotics is the means to competitive automation in india.Increase use of robotics and automation can take the manifacture sector growth upto 12-13% in the near future”. Honda , Toyota & Sony are putting great effort to the development of human robots.  Out of 11 robotics companies at the Robo expo 5 are indian companies. 

(Robots: economic implication Apr 16-04;Machinist.in)

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Robot industry to grow in the next five years-Eric Chow    

The robotics industry yearly will see growth of 30% by 2012. Eric Chow (Taiwan society of manifacturing engineering and automation) Company “Hiwin Technology Corporation” is inventing 1.8 bilion on Robotics research. The industry for Robotics related system will see revenue for more than 300 million this year.

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Robots to replace unskilled!  Solution to build 3.5 million robots.  Tokyo- robots could fill the jobs of 3.5 million people in graying japan by 2025.  Japan could save 2.1 trillion yen of elderly insurance payments in 2025. (Source: 25 Apr 2008 “China economic blog”)

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References         07/24/09

James P. Anderson, Computer Security, threat monitoring, and Surveillance. Technical report, James P. Anderson. J.Handler, DARPA Agent Mark Up Language, http://www.daml.org,2000. Raghu Krishna Puram, Anupam Joshi and Liyu Yi, low complexity fuzzy relational clustering algorithm, 2001. William W. Cohen. Fast effective rule induction in proceedings of the12th international conference on machine learning.1995. D.E. Denning. An intrusion detection model, IEEE transaction on Software Engineering. V. Barnett and T. Lewis. Outliers in statistical data, 1994. M. Ester, H. Kriegal, J. Sander, and X. Xu. A density based algorithm for discovering clusters in large data base with noise, 1996. K. Fukunaga. Introduction to statistical pattern recognition, Second edition. Academic Press, Boston, 1990. International School of Management Excellence

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? ? QUESTIONS ? ? 07/24/09

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THANK YOU 07/24/09

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