Download or read book Artificial Intelligence Brings What Economy Benefits written by Johnny Ch Lok and published by . This book was released on 2019-12-25 with total page 376 pages. Available in PDF, EPUB and Kindle. Book excerpt: Can (AI) technology influence the economic development to developing countries? The developing regions of the world contain most of natural resources. If one day, (AI) technology has invent one kind of machine man which can assist any gas or oil workers to seek any new oil/gas natural resource locations easily. I believe that (AI) technology can help these natural resource exploitation countries will gain economic benefit more easily. So, (AI) driven technology can be used to change to create any new opportunities to address poor management or resources and improve human well being, such as Africa Latin America and India can use (AI) technology machine man to seek any oil/gas natural resource countries exploitation activities to attempt to gain much economic benefits.⦁Why will (AI) technology grow economicdevelopment? Nowadays, increases in capital and labor are no longer driving the levels of economic growth, such as (AI) technology. The ability of increase in capital investment and in labor of traditional drivers of production, have no longer to be enjoyed in most developed economies, e.g. developed country, US, UK . However, artificial intelligence has the potential to overcome the physical limitation of capital and labor to avoid missing out on this opportunity. So, policy makers and business leaders must prepare for and work toward a future with artificial intelligence. They must do with the idea that (AI) is another simply method to enhance productivity method . Rather they must see (AI) as the tool that can transform thinking about how growth is created. Economists have always thought of new technologies are as driving growth their ability to enhancing. It can replace labor and capital factor of production. So, it brings this question: What is the factor of production (AI) technology characteristics. They key factor is to see (AI) technology as a capital-labor . (AI) can replicate labor activities at much greater scale and speed, and to even perform some tasks began the capabilities of human. For example, by using virtual assistants, 1000 legal documents can be reviewed in a matter of days instead of taking three people six moths to complete. Some (AI) technology may be one kind of factor of production in the future. For another example, people will work in workplace digitalization environment. So, in the future, working environment and information management are automated. Such as Konica camera sale company will use workplace digitalization. So, (AI) technology can provide workplace digitalization in order to raise productivity efficiency. (AI) technology will be one kind of production which is replaced by workplace digitalization and it will grow any organization productivity efficiently. Then, (AI) technology will assist overall social economy growth, due to productivity is raised and products can be produced in short time to prepare to sell in consumption market. So, time will be shortened to increase GDP growth fast for the development of (AI) technology countries.

Download or read book The Economics of Artificial Intelligence written by Ajay Agrawal and published by University of Chicago Press. This book was released on 2024-03-05 with total page 172 pages. Available in PDF, EPUB and Kindle. Book excerpt: A timely investigation of the potential economic effects, both realized and unrealized, of artificial intelligence within the United States healthcare system. In sweeping conversations about the impact of artificial intelligence on many sectors of the economy, healthcare has received relatively little attention. Yet it seems unlikely that an industry that represents nearly one-fifth of the economy could escape the efficiency and cost-driven disruptions of AI. The Economics of Artificial Intelligence: Health Care Challenges brings together contributions from health economists, physicians, philosophers, and scholars in law, public health, and machine learning to identify the primary barriers to entry of AI in the healthcare sector. Across original papers and in wide-ranging responses, the contributors analyze barriers of four types: incentives, management, data availability, and regulation. They also suggest that AI has the potential to improve outcomes and lower costs. Understanding both the benefits of and barriers to AI adoption is essential for designing policies that will affect the evolution of the healthcare system.

Download or read book Artificial Intelligence Brings Macro And Micro Economy Benefits written by Johnny Ch Lok and published by . This book was released on 2019-12-19 with total page 376 pages. Available in PDF, EPUB and Kindle. Book excerpt: -Can artificial intelligence impact global economy growth? Artificial intelligence (AI) is a term first defined in 1956 year. It is a branch of computer science that aims to create intelligent machines that work and react like humans. In contrast today, 60 years later, (AI) is characterized by a number of applications, including computers playing games against humans and understanding human languages, virtual personal assistants, and robotics which involve computers seeing, hearing and reacting to sensory stimuli. In the future, technologists predict for (AI) technology ranging from (AI) being used as a tool to aid relatively simple processes for robots with human like mental capabilities, who expect (AI) technology can emulate human performance by learning, coming to mind its own conclusions, understanding complex content, engaging in dialog with people, enhancing human cognitive performance or replacing humans in executing both routine and non-routine tasks. In existing industry, (AI) technology is used, such as targeted advertising and virtual used personal assistant as well as the (AI) technology that my exist in the future, such as robots with human vehicle processing capabilities.The range of (AI) technology's progress in the future will determine the economic impact future of (AI) technology on the global economy with more limited advances and applications ( i.e. weak (AI) only) corresponding to more limited economic impacts and more substantial progress, i.e. strong (AI) technology is corresponding to more significant economic impact. (AI) technology learning that automates analytical model, including predicting cause-and-effect relationship from biological data, identifying new drugs, self-driving cars and protecting against fraud etc. functions. Also (AI) learning can improve natural language processing that allows computers to continue to better analyze, understand and generate language to interface with human using the natural human language, virtual personal assistant, helps users by providing scheduling appointment, reminds organizing personal finance and finding providers of various services, machine vision allows (AI) machine man to identify object, scenes and activities in detect pedestrians and bicyclists.We expect the economic effects of (AI) technology to include both direct GDP growth from sectors that develop or manufacture (AI) technology and indirect GDP growth through increased productivity in existing sectors that employ some from of (AI) technology. If (AI) producing sectors could grow, then it could lead to increase revenues and employment of (AI) technological professionals within these existing firms as well as the potential creation of entirely new economic activities to any countries' societies productivity improvement in existing sectors could be realized through faster and move efficient processes and decision making as well as increased (AI) technological knowledge and access to information available in societies easily. In the future, if (AI) technology is an increasingly critical component of more products, it will become an integral part of necessary products of many people's lives.

Download or read book Powering the Digital Economy Opportunities and Risks of Artificial Intelligence in Finance written by El Bachir Boukherouaa and published by International Monetary Fund. This book was released on 2021-10-22 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses the impact of the rapid adoption of artificial intelligence (AI) and machine learning (ML) in the financial sector. It highlights the benefits these technologies bring in terms of financial deepening and efficiency, while raising concerns about its potential in widening the digital divide between advanced and developing economies. The paper advances the discussion on the impact of this technology by distilling and categorizing the unique risks that it could pose to the integrity and stability of the financial system, policy challenges, and potential regulatory approaches. The evolving nature of this technology and its application in finance means that the full extent of its strengths and weaknesses is yet to be fully understood. Given the risk of unexpected pitfalls, countries will need to strengthen prudential oversight.

Download or read book Artificial Intelligence Brings What Global written by Johnny Ch LOK and published by . This book was released on 2020-10-26 with total page 206 pages. Available in PDF, EPUB and Kindle. Book excerpt: What is relationship between (AI) and economy growth⦁How can artificial intelligence technology influence economy?Advances in artificial intelligence (AI) technology and related fields have opened up new markets and new opportunities progress in critical areas, such as health, education, energy, economic development, social welfare and the environment pollution.(AI) automation will continue to create wealth and expand the global economy development in the future. However, when many will benefits that growth won't be costless and will be accompanied by changes in the skills, that workers need to increase productivity in the economy and structural changes in the economy. So, in the skills that workers need to succeed in the economy and structural changes. I shall indicate why aggressive policy action will be needed to help Americans who are disadvantaged by these changes , due to (AI) technology is caused. For automation industry change example, artificial intelligence (AI) capabilities will enable automation of some tasks that have long required human labor. These artificial intelligence technology introduction can increase new opportunities for individuals. The economy and society, but (AI) has also the potential to disrupt be current livelihoods of many Americans. However, (AI) leads to unemployment and increase in inequality over the long run depends not only on the (AI) technology itself, but also on the institutions and policies that are changed. Thus, it is possible that (AI) technology will raise some countries unemployment number if the employer apply (AI) technology workers to work instead of human labor in their factories, but it can also raise productivities for these employers.⦁Can (AI) influence global economy growth?Technological progress is main driver of growth of GDP per capita, allowing output to increase faster than labor and capital . However, technology can increase productivity, but also decrease the number of labor hours needed to create a unit of output. So (AI) causes unequal to labor wage decreases, even reduces the number of labor to manufacture, e.g. artificial intelligence technology of automation car manufacturing industry; clothing manufacturing industry; plane manufacturing etc. high technology of artificial intelligence manufacturing method. But (AI) should be potential environment benefit, although it raises unemployment ratio. Moreover, it can rise production , due to many skilled craft were replaced by the combination of machines and lower-skilled labor. The result of (AI) technology introduction , it causes output per hour risen when inequality declined, driving up average living standards, but the labor of some high-skill workers was no longer as valuable in the market. Otherwise, if (AI) technology is continue developed to be success. Some routine intensive occupations will be loss, which focused on predictable, e.g. easily programmable tasks, such as switchboard operators, filing clerks, travel agents, and assembly line workers would be particularly replaced by new (AI) technology. However, at the same time, (AI) technology development will bring these benefits: improvement in education ( training (AI) technology scientists) , due to (AI) manufacturing technology needs are raising to businesses and institutional changes, such as the reduction in unionization and raising in the minimum wage to the (AI) manufacturing technology skilled labor in factories.

Download or read book Artificial Intelligence Brings Global Economic Benefits written by Johnny Ch Lok and published by Independently Published. This book was released on 2020-10-13 with total page 376 pages. Available in PDF, EPUB and Kindle. Book excerpt: What is the relationship between (AI) and global digital economy development ?⦁ Could work activities in China be automated making in the nation with the world's largest automation potential? Can (AI) technology influence China economy? Could China workers be affected and jobs made up of routine work activities and predictable? Will programmable tasks be particularly impact to China employment market ? When impact on labor market is likely to be gradual at the aggregate level, it can be sudden and dramatic at the level of specific work activities, rending some job obsolete fairly. Overall (AI) technology will raise digital skills when reducing demand for medium incomer inequality for China workers. It seems (AI) technology's effect on productivity could be crucial to China's future economic growth as the population ages are increasing. In China, some biggest technological companies driving significant investments in research and development. Moreover, China is one of the leading global (AI) technology development county. However, China will need to focus on building its innovation capacity. For example, United States and United Kingdom are currently producing more influential (AI) technological research. However, if China planed to achieve (AI) technology success, it's traditional industries will need to develop technical know-how -to and overcoming implementation costs prepare to develop (AI) . When (AI) technology is introduced into China society, China government needs to raise concerning ethical, legal, technological security etc. business questions. Also, surrounding issues include privacy, discrimination, legal liability and regulation. It aims to encourage overseas investors to choose to invest (AI) technological industry to raise GDP growth and manufacturing industries income growth for long term in China. If China encouraged overseas (AI) technology investment in its country. It is possible to influence China employment market to be changed. Because (AI) technology will impact to influence China people daily life. Due to (AI) technology is introduced to China society, many rich people will prefer to spend to buy any high (AI) technological products for entertainment or learning or machine man driving etc. daily necessity activities. Then it will raise GDP growth and will raise (AI) manufacturers or related-(AI) technological manufacturers profit. It is beneficial to China because it can become one high knowledgeable and (AI) technological economical society.But it will bring bad influences to raise unemployment chance for the low skillful labor. In labor economy aspect influence, how (AI) technology can influence China low skillful labor unemployment ratio raising. The raising low skill labor unemployment reason is because China low skillful human labors are argued or are replaced by (AI) technology creating new challenges to introduce to influence China society of simply human manufacturing job nature to be changed to be high (AI) technology manufacturing job nature in any China factories. Moreover, when (AI) technology introduction to China, it will cause other related social challenges in China. The varied (AI) related challenges, including the difficulty of creating safe and reliable hardware for sensing and affecting ( transportation and education), the challenges of gaining public trust, a low resource comities and public safety and security, the challenges of overcoming fears or marginalizing humans in China employment and workplace and the risk of diminishing interpersonal trust because the low skillful labors won't believe any China employers will give chance to employ them, due to (AI) technology will replace their skills and man manufacturing of productivity is much less to compare to (AI) technology manufacturing method.

Download or read book Artificial Intelligence in Society written by OECD and published by OECD Publishing. This book was released on 2019-06-11 with total page 152 pages. Available in PDF, EPUB and Kindle. Book excerpt: The artificial intelligence (AI) landscape has evolved significantly from 1950 when Alan Turing first posed the question of whether machines can think. Today, AI is transforming societies and economies. It promises to generate productivity gains, improve well-being and help address global challenges, such as climate change, resource scarcity and health crises.

Download or read book Artificial Intelligence Brings Positive Or Negative Impaction To Influence Human Job Nature written by Johnny Ch Lok and published by Independently Published. This book was released on 2019-01-16 with total page 122 pages. Available in PDF, EPUB and Kindle. Book excerpt: ⦁Can (AI) influence global economy growth?Technological progress is main driver of growth of GDP per capita, allowing output to increase faster than labor and capital . However, technology can increase productivity, but also decrease the number of labor hours needed to create a unit of output. So (AI) causes unequal to labor wage decreases, even reduces the number of labor to manufacture, e.g. artificial intelligence technology of automation car manufacturing industry; clothing manufacturing industry; plane manufacturing etc. high technology of artificial intelligence manufacturing method. But (AI) should be potential environment benefit, although it raises unemployment ratio. Moreover, it can rise production, due to many skilled craft were replaced by the combination of machines and lower-skilled labor. The result of (AI) technology introduction, it causes output per hour risen when inequality declined, driving up average living standards, but the labor of some high-skill workers was no longer as valuable in the market. Otherwise, if (AI) technology is continue developed to be success. Some routine intensive occupations will be loss, which focused on predictable, e.g. easily programmable tasks, such as switchboard operators, filing clerks, travel agents, and assembly line workers would be particularly replaced by new (AI) technology. However, at the same time, (AI) technology development will bring these benefits: improvement in education ( training (AI) technology scientists), due to (AI) manufacturing technology needs are raising to businesses and institutional changes, such as the reduction in unionization and raising in the minimum wage to the (AI) manufacturing technology skilled labor in factories.Because (AI) technology is not a single technology, but rather a collection of technologies that are applied to specific tasks, the effects of (AI) will be felt unevenly though the economy. It will bring some tasks will be most easily automated than others, and some jobs will be affected more than others, both negatively and positively. Finally, new jobs are likely to be directly created in areas, such as the development and supervision of (AI) as well as indirectly created in a range areas though out the economy as higher incomes lead to expanded demand.However, if (AI) technology could dominate global labor markets. If labor productivity increases, do not influence into wage increases, then the large economic gains brought about by (AI) technology could be increased wealth inequality, due to employers can reduce production cost, but workers ( labors) wages will not be increased, even will be decreased. Hence, it seems the (AI) technology will bring disadvantages to labor market to cause unemployment or reduce wages in possible, although it can reduce employer individual salary (wage) expenditure and it can raise productivity.⦁How can artificial intelligence impact global economy growth?Artificial intelligence (AI) technology is a branch of computer science that aims to create intelligent machines that work and react like humans. So, (AI) is a technology that appears to impact ( influence) human preference by learning, understanding complex contents, enhancing humans in executing both routine and non-routine tasks. In the future, (AI) technology that can be virtual personal assistant, as well as it may exist, such as robots with human-like processing capabilities.How can (AI) technology impact global economy growth over the next 10 years? During this time period, (AI) technology is predicted to have wide-ranging applications including: Machine learning that automates analytical model building by using algorithms that allow machines to operate without human assistance.

Download or read book Artificial Intelligence Brings Positive Or Negative Impact written by Johnny Ch LOK and published by . This book was released on 2021-04-12 with total page 121 pages. Available in PDF, EPUB and Kindle. Book excerpt: ⦁How can artificial intelligence technology influence economy?Advances in artificial intelligence (AI) technology and related fields have opened up new markets and new opportunities progress in critical areas, such as health, education, energy, economic development, social welfare and the environment pollution.(AI) automation will continue to create wealth and expand the global economy development in the future. However, when many will benefits that growth won't be costless and will be accompanied by changes in the skills, that workers need to increase productivity in the economy and structural changes in the economy. So, in the skills that workers need to succeed in the economy and structural changes. I shall indicate why aggressive policy action will be needed to help Americans who are disadvantaged by these changes , due to (AI) technology is caused. For automation industry change example, artificial intelligence (AI) capabilities will enable automation of some tasks that have long required human labor. These artificial intelligence technology introduction can increase new opportunities for individuals. The economy and society, but (AI) has also the potential to disrupt be current livelihoods of many Americans. However, (AI) leads to unemployment and increase in inequality over the long run depends not only on the (AI) technology itself, but also on the institutions and policies that are changed. Thus, it is possible that (AI) technology will raise some countries unemployment number if the employer apply (AI) technology workers to work instead of human labor in their factories, but it can also raise productivities for these employers.⦁Can (AI) influence global economy growth?Technological progress is main driver of growth of GDP per capita, allowing output to increase faster than labor and capital . However, technology can increase productivity, but also decrease the number of labor hours needed to create a unit of output. So (AI) causes unequal to labor wage decreases, even reduces the number of labor to manufacture, e.g. artificial intelligence technology of automation car manufacturing industry; clothing manufacturing industry; plane manufacturing etc. high technology of artificial intelligence manufacturing method. But (AI) should be potential environment benefit, although it raises unemployment ratio. Moreover, it can rise production , due to many skilled craft were replaced by the combination of machines and lower-skilled labor. The result of (AI) technology introduction , it causes output per hour risen when inequality declined, driving up average living standards, but the labor of some high-skill workers was no longer as valuable in the market. Otherwise, if (AI) technology is continue developed to be success. Some routine intensive occupations will be loss, which focused on predictable, e.g. easily programmable tasks, such as switchboard operators, filing clerks, travel agents, and assembly line workers would be particularly replaced by new (AI) technology. However, at the same time, (AI) technology development will bring these benefits: improvement in education ( training (AI) technology scientists) , due to (AI) manufacturing technology needs are raising to businesses and institutional changes, such as the reduction in unionization and raising in the minimum wage to the (AI) manufacturing technology skilled labor in factories.Because (AI) technology is not a single technology, but rather a collection of technologies that are applied to specific tasks, the effects of (AI) will be felt unevenly though the economy. It will bring some tasks will be most easily automated than others , and some jobs will be affected more than others, both negatively and positively.

Download or read book Robots How Bring written by John Lok and published by . This book was released on 2022-01-12 with total page 168 pages. Available in PDF, EPUB and Kindle. Book excerpt: How does (AI) bring micro and macro economy benefits to our future society, when it is continued to develop? Predicting AI future 10 years three stage.In the first (AI) stage, it concerns to be given my opinions to explain how artificial intelligent technology will impact our life and will influence economic development in the future as well as how to influence human job market change. In (AI) labor market stage, I shall indicate how artificial intelligence technology influences future macro global economy change. In part two, explaining how (AI) can be applied to predict travellers' entertainment choice behaviors. In third part aims to let readers to analyse whether future (AI) artificial intelligent machine can assist humans to learn how to reduce food waste or food loss to consumers' food habits or manufacturers' manufacturing processed in order to avoid the actual food or energy shortage challenges are caused from human's food or energy consumption negligent behaviours. Consequently, I hope my readers can make judgement whether future (AI) artificial intelligence can help human to reduce or avoid environmental pollution or food/ energy waste challenges to cause social cost to be raised to influence human future living quality to be poor.

Download or read book Artificial Intelligence Brings Advantages Or Disadvantages to Impact Human Job Market written by Johnny Ch LOK and published by . This book was released on 2018-02-26 with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt: How will (AI) influence human job change?Advances in artificial intelligence (AI) technology is for the progress in critical areas, such as health, education, energy, economy inclusion, social welfare and the environment. Thus, it brings this question: Which (AI) workers be instead of traditional human workers in these different new markets? In recent years, machines had been used to be human's tasks in the performance of certain tasks related to intelligence , such as aspects of image recognition. Experts also forecast that rapid progress in the field of specialized artificial intelligence will continue. Then, it also brings this question: Does (AI) exceed that of human performance on more and more tasks? If it is truth, will some of human jobs to be disappeared? (AI) will be instead of human some simple jobs, then unemployment rate to the low skillful and low educated workers will be increased. Whether (AI) will be raised either production or performance or unemployment to bring human job market more advantages or more disadvantages? In my this book, I shall explain whether (AI) will bring benefits or disadvantages to change to future human job market. If one day, (AI) technology can be applied to any human job aspects. Whether human will face unemployment disadvantages or human won't face unemployment disadvantages. Whether (AI) technology will be applied to assist to future human job to raise productivities or economic growth to any societies or improve performance for any employers' benefits and workers' benefits. This book will have explanation to let readers to feel whether how future (AI) technological innovation will bring benefits or disadvantages to influence human's job market in future one day global job market influence.

Download or read book Artificial Intelligence Brings Positive Or Negative Impaction To Influence Human Job Change written by Johnny Ch Lok and published by Independently Published. This book was released on 2019-01-20 with total page 122 pages. Available in PDF, EPUB and Kindle. Book excerpt: Chapter Two Future works change: Automation, employment and productivity2.1How (AI) influences employment Human future " micro to macro" industry trends will be affected business strategy and public policy by (AI) technology. In the future (AI) technology will influence those six themes: productivity and growth, natural resources, labor markets, the evolution of global financial markets, the economic impact of technology and innovation and urbanization. However, (AI) technology will bring economic benefits of tackling gender inequality, a new global competition, Chinese innovation and digital globalization.Nowadays, advances in robotics artificial intelligence, and machine learning are in a new age of automation, as machines match or outperform human performance in a development to any countries. For example, automation of activities can enable businesses to improve performance by reducing errors and improving quality and speed, and in some cases achieving outcomes that go beyond human capabilities. For example, some research indicated automation could raise productivity growth globally by 0.8 to 1.4 % annually; more than 2,000 work activities across 800 occupations. When less than 5% of all occupations can be automated using demonstrated technologies about 60% of all occupations have at least 30% of constituent activities that could be automated. Many occupations will change that will be automated away: Activities most susceptible to automation involve physical activities, in highly structured and predictable environments, as well as the collection and processing of data. They are most prevalent in manufacturing, accommodation and food service and retail trade and include some middle-skill jobs. For example, such as natural language processing is a key factor. Beyond technical feasibility, the cost of technology competition with labor including skills and supply and demand dynamics, performance benefits including and beyond labor cost savings, and social and regulatory acceptance will be affected by (AI) automation technology. Thus, (AI) automation will impact to influence global employment in those aspects as below: Firstly, assuming that people are displaced by automation will find other employment. The anticipated shift in the activities in the labor force is of a similar order as the long-term shift away from agriculture and decreases in manufacturing share of employment. Both of manufacturing and agriculture industries which would be accompanied by the creation of new types of work not foreseen at the time.Secondly, for business, the performance benefits of automation are relatively clear. Thus, the businessmen have opportunities for their micro economies to benefits from the productivity growth potential and macro economies to benefit to encourage continued progress and innovation, investment and market incentives. At the same time, employers must innovate policies to help workers and institutions adapt to the impact on employment.

Download or read book Artificial Intelligence Brings Advantages Or Disadvantages written by Johnny Ch LOK and published by . This book was released on 2018-04 with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt: Introduction How will (AI) influence human job change?Advances in artificial intelligence (AI) technology is for the progress in critical areas, such as health, education, energy, economy inclusion, social welfare and the environment. Thus, it brings this question: Which (AI) workers be instead of traditional human workers in these different new markets? In recent years, machines had been used to be human's tasks in the performance of certain tasks related to intelligence , such as aspects of image recognition. Experts also forecast that rapid progress in the field of specialized artificial intelligence will continue. Then, it also brings this question: Does (AI) exceed that of human performance on more and more tasks? If it is truth, will some of human jobs to be disappeared? (AI) will be instead of human some simple jobs, then unemployment rate to the low skillful and low educated workers will be increased. Whether (AI) will be raised either production or performance or unemployment to bring human job market more advantages or more disadvantages? In my this book, I shall explain whether (AI) will bring benefits or disadvantages to change to future human job market. If one day, (AI) technology can be applied to any human job aspects. Whether human will face unemployment disadvantages or human won't face unemployment disadvantages. Whether (AI) technology will be applied to assist to future human job to raise productivities or economic growth to any societies or improve performance for any employers' benefits and workers' benefits. This book will have explanation to let readers to feel whether how future (AI) technological innovation will bring benefits or disadvantages to influence human's job market in future one day global job market influence.

Download or read book The Future of Work written by Darrell M. West and published by Brookings Institution Press. This book was released on 2018-05-15 with total page 223 pages. Available in PDF, EPUB and Kindle. Book excerpt: Looking for ways to handle the transition to a digital economy Robots, artificial intelligence, and driverless cars are no longer things of the distant future. They are with us today and will become increasingly common in coming years, along with virtual reality and digital personal assistants. As these tools advance deeper into everyday use, they raise the question—how will they transform society, the economy, and politics? If companies need fewer workers due to automation and robotics, what happens to those who once held those jobs and don't have the skills for new jobs? And since many social benefits are delivered through jobs, how are people outside the workforce for a lengthy period of time going to earn a living and get health care and social benefits? Looking past today's headlines, political scientist and cultural observer Darrell M. West argues that society needs to rethink the concept of jobs, reconfigure the social contract, move toward a system of lifetime learning, and develop a new kind of politics that can deal with economic dislocations. With the U.S. governance system in shambles because of political polarization and hyper-partisanship, dealing creatively with the transition to a fully digital economy will vex political leaders and complicate the adoption of remedies that could ease the transition pain. It is imperative that we make major adjustments in how we think about work and the social contract in order to prevent society from spiraling out of control. This book presents a number of proposals to help people deal with the transition from an industrial to a digital economy. We must broaden the concept of employment to include volunteering and parenting and pay greater attention to the opportunities for leisure time. New forms of identity will be possible when the "job" no longer defines people's sense of personal meaning, and they engage in a broader range of activities. Workers will need help throughout their lifetimes to acquire new skills and develop new job capabilities. Political reforms will be necessary to reduce polarization and restore civility so there can be open and healthy debate about where responsibility lies for economic well-being. This book is an important contribution to a discussion about tomorrow—one that needs to take place today.

Download or read book Artificial Intelligence Influences Human Job Market and Economy Change written by Johnny Ch LOK and published by . This book was released on 2018-01-16 with total page 128 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book concerns to be given my opinions to explain how artificial intelligent technology will impact our life and will influence economic development in the future as well as how to influence human job market change.In labor market part, I shall indicate how artificial intelligence technology influences future macro global economy change.Advances in artificial intelligence (AI) technology is for the progress in critical areas, such as health, education, energy, economy inclusion, social welfare and the environment. Thus, it brings this question: Which (AI) workers be instead of traditional human workers in these different new markets? In recent years, machines had been used to be human's tasks in the performance of certain tasks related to intelligence , such as aspects of image recognition. Experts also forecast that rapid progress in the field of specialized artificial intelligence will continue. Then, it also brings this question: Does (AI) exceed that of human performance on more and more tasks? If it is truth, will some of human jobs to be disappeared? (AI) will be instead of human some simple jobs, then unemployment rate to the low skillful and low educated workers will be increased. Whether (AI) will be raised either production or performance or unemployment to bring human job market more advantages or more disadvantages? In my this book, I shall explain whether (AI) will bring benefits or disadvantages to human job market. I shall give example to let my readers to think how to support my final view point.In macro economy change part, chapter one, I shall explain what the (AI) functions are benefited to human and I shall indicate whether how it can impact human job nature as well as I shall explain whether (AI) can influence to change to human job market to be better or worse in future global labor market.In chapter two, I shall indicate how (AI) will influence global economic technology productivity change as well as I shall indicate whether (AI) technology can impact global service management industry development.In chapter three, I shall indicate whether (AI) technology will influence digital industry economic change as well as I shall indicate whether (AI) technology can influence developing countries' economic change and health and manufacturing change , even global economic change in our future life. This book is suitable to any students who expect to make personal judgement and analysis to concern whether how (AI) technology will impact our life and it can influence global economic and job market change in our future.

Download or read book Artificial Intelligence Brings Positive and Negative Impacts to Our Social written by Johnny Ch Lok and published by Independently Published. This book was released on 2019-03-08 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: Chapter TwoHow robot (AI) brings positive impact on socio/economic/cultural benefits to influence our lifeOn socio/economic/cultural micro economic beneficial aspect, artificial intelligent (AI) technology or robot will be one technological tool to impact our future life. Such as saving our lives time to online shopping predictions and raising crop productivity. That is not an exaggeration. AI can already help doctors to identify cancers and other diseases, thereby prolonging human life. In the future, it could be used to predict and locate earthquakes, businesses can apply it to detect transactions fraud.On macro economic beneficial aspect, (AI) stands to benefit society as a whole, across all sectors. For example, going about their everyday lives as much as for business. That also applied to government and public administrations. It identifies some main areas where (AI) can help in health, education and judiciary systems. In public employment and security aspects, for example, (AI) technologies can sense both people and business to raise the efficiency of public services as well as user satisfaction.Also, much of what (AI) can achieve public administration promotion of e-government and digitized public service as part of building the digital single market benefits, such as: saving time and public money, providing better public services, joining them up across borders, raising efficiency and improving transparency, bringing people closed to their governments; involving them more in decision making.On cultural influential aspect, (AI) will bring human a new common culture for the innovation of public services. Artificial intelligence will redesign own lives. Our daily lives of human beings, citizens, whereas parents and children are changing before everyone's life attitude. Indeed, we can be sure that our customs will soon be reshaped consequently social changes that requires an individual and collective reflection and in some cases. (AI) technologies in the public sector is the definition of shared opinions to solve all the challenges that we will face in societies.It brings this question: Why does public administration need (AI) tool assist? Due to (AI) can assist public administration to improve services to citizen and businesses, thus giving a decisive impulse to innovation, the proper functioning of the economy and more generally to progress in daily life.For example, today artificial intelligent robots can drive our vehicles, take care of elderly or sick people, perform dangerous jobs and help us make informed decisions based on the rational management of large amount of data. Also, it can enable us to communicate in languages. We don't know, help us study and increase the cultural or entertainment experiences at our disposal. In the public administration influential aspect, it can be used profitably in the healthcare, education, and judiciary system, public employment, security and more generally in the management of relations with citizens, which can be simplified and at the same time be more effective, quick and efficient.How can be (AI) anticipated to attribute its ability to assist public administration service innovation? Such as the use of chat bots to answer citizens' questions, help them to find information, they need and cut through layers of bureaucracy or the use of robots to take care of the sick, algorithms that need the results of medical exams, those that help students improve their performance. Moreover, attention's given to monitor and manage careers, those for the surveillance of public places to the recognition of network threats, tools for the rational management of problems generated by natural disasters and many others. In order to successfully implement these technologies. It is necessary to evaluate the different challenges that must be faced to integrate (AI) in a profitable way.

Download or read book Artificial Intelligence Brings What Advantages written by Johnny Ch LOK and published by . This book was released on 2019-09-28 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: In positively view point, (AI) driven-automation will make many workers more productive and increase demand for certain skills. Consequently, new jobs are likely to be directly create in areas , such as the development and supervision of (AI) as well as indirectly created in a range of areas throughout the economy as higher incomes lead to expanded demand. So, (AI) will bring macro economy advantages in possible.Otherwise, in negatively view point, many traditional human needed ( demand) skillful jobs will be threatened by automation are highly concentrated among lower-paid, lower-skilled and less -educated workers. It means automation will cause pressure on demand for this group, pressure and employment, if (AI) can replace the low skilled and less educated workers' jobs. Thus, (AI) will have negative influence to impact on the labor market.(AI) capabilities will enable automation of some tasks that have long required human labor. Can (AI) replace some simple human jobs? If (AI) can replace some simple human jobs, then it is possible to cause unemployment if employers applied (AI) machines to replace the low skill workers to do their simple jobs in future one day. For example, advances in robotics are expanding machines' abilities to interact with and sharp the physical world. Combined , (AI) and robotics will give rise to smarter machines that can perform more sophisticated functions than ever before and brings more advantages that humans have exercised. This will permit automation of many tasks now performed by human workers and could change the shape of the labor market and human activity. It depends on whether employers choose to reduce all worker numbers to be replaced by (AI) machines or employers choose to apply (AI) machines to assist the low skillful workers to work more efficient or raise performance and productivities. If future employers apply (AI) machines to assist workers to raise performance and efficiency, then the unemployment challenge won't cause, due to the number of worker won't reduce. But if employers decide to unemploy all low skillful workers and they are replaced by (AI) machines, then the unemployment challenge will cause in possible.