One Way to Understand Artificial Intelligence (AI)

The fear that seems to underlie artificial intelligence (AI) applications is the notion that machines will eventually outthink humanity and subordinate it, or worse, destroy it. Science fiction stories and films abound with exploits of machines whose intentions range from benevolent to malevolent, e...

Full description

Saved in:
Bibliographic Details
Published in:The Armed Forces Comptroller 2024-01, Vol.69 (1), p.58-61
Main Author: McKee, John M
Format: Article
Language:English
Subjects:
Artificial intelligence
Financial management
Technology adoption
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:The fear that seems to underlie artificial intelligence (AI) applications is the notion that machines will eventually outthink humanity and subordinate it, or worse, destroy it. Science fiction stories and films abound with exploits of machines whose intentions range from benevolent to malevolent, even as a new species of life. AI concepts have been discussed in science and engineering circles for generations, and now government officials are concerned about the implications, fearing that virtual bureaucrats and ministers will replace them, rendering them unnecessary. Here, McKee discusses AI applications. His view on AI is that it is not an autonomous device that can make triple-loop decisions, but a means for leveraging existing data to refine and derive better information than through less machine-intensive means. People must also understand that intelligence is not how smart they are, but is their awareness of available information. In the area of financial management, leveraging AI can realize potential benefits in these fields including accounting, auditing, and budgeting.
ISSN:0004-2188