Provided by BBVA The Internet is the decisive technology of the Information Age, and with the explosion of wireless communication in the early twenty-first century, we can say that humankind is now almost entirely connected, albeit with great levels of inequality in bandwidth, efficiency, and price. People, companies, and institutions feel the depth of this technological change, but the speed and scope of the transformation has triggered all manner of utopian and dystopian perceptions that, when examined closely through methodologically rigorous empirical research, turn out not to be accurate.
Share 8 Shares Digitalisation and the new technological possibilities that artificial intelligence AI brings are driving the biggest social and economic changes since the industrial revolution. These are associated with opportunities and risks. Without the right political, economic and ethical framework conditions there is a risk of uncontrolled development and a negative impact of AI.
AI ultimately affects all industries more or less heavily. AI or specific forms of it, such as machine learning MLcan be used in a wide variety of application scenarios. First and foremost, they will be increasingly found in areas where large amounts of data need to be analysed and evaluated.
AI systems are better equipped than humans for analysing massive amounts of data, correlating the data with various reference points and thus to create a better base for decision making. AI is shaping the way we work AI has already entered many areas of our working and private lives. Already classic examples of this are Alexa or Siri.
By means of smart algorithms, machines today are capable of doing incredible things with facial and speech recognition. With error rates of under five percent, many systems can perform better than humans.
In image recognition, which is also used on Facebook or in self-driving cars, computers are now far superior to humans. And online retailers or search engines, for example, use ML to optimise the user experience and to create buying recommendations. In short, AI and ML are already fixed — and also largely accepted — components of our day to day lives.
The impact of AI, when it comes to our working environments, AI, ML and digitalisation bring a significant sea change, as they alter or expand the human activity spectrum. A typical example is industries where more and more machines and robots are used, such as the manufacturing industry.
AI brings risks With regard to the use of AI, there are two principal risk categories: Many are concerned about machines and AI taking over human activities. This is not just about apocalyptic fears and Terminator-like scenarios, which have also been cited repeatedly by Tesla founder Elon Musk, but about more elementary, existential fears.
People ask themselves questions such as: How do I fit into the digital future when intelligent robots take over my job? Do I still have the right skills?
The older generation especially is very sceptical about the technological development and increasing use of smart machines.
However, it should be remembered that the world of work will definitely change. Currently, the impact of AI is seeing a great need for data scientists and developers, but in a few years from now, machines might be able to do these jobs better and faster.
The technical development and the concerns of society make it imperative to start socio-political initiatives that develop and implement not only the technological opportunities but also educational and digital policies.
Without a concept, Britain will weaken its international competitiveness.
Machines are not emphatic narrators, they know more than they tell us, and they do not understand our information needs.
In any case, in some critical areas and rapid decision-making processes we will eventually have to rely on information from machines — take for example the decision that the immediate shutdown of a nuclear power plant is necessary, since the complex trains of thought involved in such events cannot be traced and understood fast enough by humans.
It is also often overlooked that even machines can have prejudices based on information from the past. An example would be a recruiting system that supports the selection of optimal candidates by analyzing thousands of historical decisions made by the company.
The impact of AI could mean it creates a dynamic that can no longer be controlled, which is indeed disturbing. And, it stresses the urgent need for a moral and ethical framework. Impact of AI and cybersecurity Before any use of AI technology, elementary questions must be answered.
The area of cybersecurity, which uses AI and ML for better threat recognition and the prevention of financial or operational damage caused by cybercrime, is a good example. Threat Detection and Threat Intelligence are the keywords here.
The following questions must be considered before AI is applied:The Importance of Emotional Intelligence at Work EQ will bring your company more engaged, committed employees.
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The Economist Intelligence Unit conducted research, sponsored by Humana, to understand the impact of workplace wellness programs, and the challenges and. Sep 08, · The Internet is the decisive technology of the Information Age, and with the explosion of wireless communication in the early twenty-first century, we Author: Manuel Castells.
PHOTO: Markus Spiske. We are rapidly moving toward a workplace where people interact with machines on a routine basis. With the advent of artificial intelligence (AI), and the chatbots that it. Impact of Wireless communication on business: Wireless communication technology can have a significant impact on business.
Wireless communication is also known as Wi-Fi (Wireless fidelity) or WLAN (wireless local area network), uses low-power radio waves to transmit data over distances from one device to another without the use of wires, allowing senders and recipients to access information .