Paper ID: 2404.10204

The Impact of Machine Learning on Society: An Analysis of Current Trends and Future Implications

Md Kamrul Hossain Siam, Manidipa Bhattacharjee, Shakik Mahmud, Md. Saem Sarkar, Md. Masud Rana

The Machine learning (ML) is a rapidly evolving field of technology that has the potential to greatly impact society in a variety of ways. However, there are also concerns about the potential negative effects of ML on society, such as job displacement and privacy issues. This research aimed to conduct a comprehensive analysis of the current and future impact of ML on society. The research included a thorough literature review, case studies, and surveys to gather data on the economic impact of ML, ethical and privacy implications, and public perceptions of the technology. The survey was conducted on 150 respondents from different areas. The case studies conducted were on the impact of ML on healthcare, finance, transportation, and manufacturing. The findings of this research revealed that the majority of respondents have a moderate level of familiarity with the concept of ML, believe that it has the potential to benefit society, and think that society should prioritize the development and use of ML. Based on these findings, it was recommended that more research is conducted on the impact of ML on society, stronger regulations and laws to protect the privacy and rights of individuals when it comes to ML should be developed, transparency and accountability in ML decision-making processes should be increased, and public education and awareness about ML should be enhanced.

Submitted: Apr 16, 2024