Beware the unintended consequences of a robot revolution

Beware the unintended consequences of a robot revolution  #robotics #AI

  • Ask an economist or a technology expert and they will happily tell you that decades of data reliably show automation has created more jobs than it has destroyed.
  • The problem with this rose-tinted view of automation, however, is its focus on big averages that take little account of individuals’ experiences.
  • As tempting as it may be to pour money into boosting automation in return for the long-awaited boost to productivity and headline economic growth, doing so without having a clear plan for retraining displaced workers would cause untold harm to millions of individuals.
  • As the Institute for Public Policy Research points out , some workers are far more vulnerable than others to automation.
  • If the government fails to act, the result could all too easily be a spike in unemployment and poverty in places with the lowest skilled workers – a very high price to pay for a bit of average productivity growth.

Investment in education and retraining is needed to equip people to adapt as automation shakes up their workplaces
Continue reading “Beware the unintended consequences of a robot revolution”

Artificial intelligence and Big Data to manage your wealth: robo-advisers – Dr. Kianor Shah

Artificial intelligence and Big Data to manage your wealth: robo-advisers

  • You are commenting using your Facebook account.
  • “A Dentist is a Lifetime Medical Professional, part Artist, part Architect, part Entrepreneur, part Physicist, part Surgeon, part Businessman, part Therapist, and part Community Friend.”
  • Artificial intelligence and Big Data to manage your wealth: robo-advisers
  • Robo-advisers and robo-advisory services: role, players and evolutions in a market where fintechs and incumbents meet in hybrid solutions.
  • Fill in your details below or click an icon to log in:

Robo-advisers and robo-advisory services: role, players and evolutions in a market where fintechs and incumbents meet in hybrid solutions.Sourced through Scoop.it from: www.i-scoop.eu
Continue reading “Artificial intelligence and Big Data to manage your wealth: robo-advisers – Dr. Kianor Shah”