What do video games have in common with the work place? A lot, it turns out.
In a new online game called The Automated Life gamers will get a virtual experience of a futuristic, increasingly automated work place.
Now that algorithms are trading stocks, robots are building cars, and computers are carrying out translations, many professions are being transformed by technology.
Thanks to artificial intelligence and robotics, we are seeing some careers disappear while some new careers emerge.
The Max Plank Institute for Human Development’s Center for Humans and Machines is behind the development of the online game.
How will robots and artificial intelligence shape the work place of the future? How many of our roles will be taken over by automation? What skills and knowledge will people need to find a place the future work force?
What jobs will become obsolete? What new jobs will emerge? These are some of the issues addressed by participants in The Automated Life game.
Alex Rutherford spearheaded the design of the game at the Center for Humans and Machines with these questions in mind.
At the start of the game, every player finds themselves in a career that it at risk of going obsolete thanks to technology.
They face the challenge of saving up to train for new skills in order to secure new jobs. These new jobs come with opportunities to further up skill and improve their career trajectory.
As they progress, automation and new technology continues to eliminate more jobs and players have to constantly make shrewd decisions bearing in mind technological advancements, their own financial situation, and how long they have before they reach retirement.
“We’re seeing time and again how the accelerating pace of automation is causing people a lot of stress and generating a sense of fear about the future. Our aim was to capture this in a game and show how people in low-paid jobs experience automation,” explains Max Planck Institute for Human Development Senior Researcher Alex Rutherford.
Rutherford spearheads a working group that probes the relationship between labor economics, network science, and artificial intelligence as far as the future of the work place is concerned. Rutherford came up with the idea and took charge of the creative process.
Francis Tseng, the game developer draws a parallel between working life and video games. “In computer games, the developers set the rules—players can only make limited decisions. So in fact it’s rather similar to automation in working life,” Tseng quips.
This is not the first time that researchers from the Center for Humans and Machines have come up with an exciting gaming project.
They also created MyGoodness to rate users based on how generously they are willing to donate. The creation of MyGoodness was led by Edmond Awad.
Besides altruism, the team has also experimented with a multiple people controlling one person with the game Social Game. This game was demonstrated at a larger scale during a Halloween party in 2018 when one human being was jointly controlled by a group. The group sent the person on an adventure.
The Automated Life is a game that is meant to gather data from each player anonymously and this data will fuel research in future.
“Automation in the world of work is an issue that affects us all in some way and confronts society with significant challenges. That’s why research is needed that explores the problems and identifies potential solutions,” continued Alex Rutherford, a Senior Research Scientist with the Max Planck Institute for Human Development.
Navigating the Tech Stock Resurgence: A Deep Dive into the Market’s Top Performers
After a lackluster 2022, tech stocks are back in the limelight, outperforming the broader market and offering investors a renewed sense of optimism. The Technology Select Sector SPDR ETF (ticker: XLK) has already doubled the S&P 500’s year-to-date return, echoing a decade-long trend where short-lived tech sector slumps have consistently turned into long-term buying opportunities. However, the looming challenges of inflation and interest rates make stock selection crucial.
Apple Inc. (AAPL): The Trillion-Dollar Juggernaut
Apple’s stock is not just about iPhones or MacBooks anymore; it’s about an ecosystem that includes services like the App Store, Apple Music, and iCloud. With a market cap of $2.7 trillion, Apple’s stock might seem overvalued, but according to CFRA analysts, the valuation is justified by the company’s robust free cash flow and capital return program. Forbes also notes that Apple’s massive, loyal customer base and expanding market make it a valuable long-term investment.
Microsoft Corp. (MSFT): The Cloud Computing Giant
Microsoft has successfully transitioned from a software company to a cloud computing behemoth. Its Azure cloud services and cloud-based versions of Office, Dynamics, and Teams are gaining traction. According to Business Insider, nearly two-thirds of Microsoft’s total revenue now comes from its cloud-based businesses, and the company is well-positioned to capitalize on artificial intelligence-related opportunities.
Nvidia Corp. (NVDA): The Graphics Powerhouse
Nvidia’s high-end graphics and video processing chips have made it one of the best-performing stocks in the past 15 years. CNBC reports that Nvidia’s exceptional growth outlook is driven by generative AI demand, and the company is projected to see a 36% rise in revenue in fiscal 2025.
Broadcom Inc. (AVGO): The Semiconductor Leader
Broadcom’s diversified portfolio in networking, switcher, and ASIC businesses positions it as a significant beneficiary of the AI infrastructure investment boom. A recent extension of Broadcom’s chip supply deal with Apple has also improved its financial outlook, as Apple accounts for 20% of Broadcom’s total sales, according to MarketWatch.
Adobe Inc. (ADBE): The Creative Software Pioneer
Adobe’s dominant position in content creation app markets, coupled with its AI monetization opportunities, makes it a compelling buy. ZDNet highlights that Adobe’s Firefly generative AI models are gaining attention, and the company is expected to continue integrating and monetizing AI technology.
Cisco Systems Inc. (CSCO): The Networking Prodigy
Despite lagging behind the tech sector in 2023, Cisco Systems offers a 2.9% dividend yield, the highest among the stocks on this list. TechCrunch notes that Cisco is well-positioned to benefit from growth in bandwidth consumption and data center solutions.
Accenture PLC (ACN): The IT Consulting Maestro
Accenture’s diverse network of client relationships and impressive earnings growth make it an excellent defensive tech investment, according to Seeking Alpha. The company has managed to hold its ground even as falling IT project budgets have impacted industry peers.
Salesforce Inc. (CRM): The CRM Trailblazer
Salesforce’s strategic acquisitions have helped it build the most impressive suite of CRM offerings in the market. VentureBeat reports that the company is well-positioned for ongoing growth and improving profitability.
Advanced Micro Devices Inc. (AMD): The Semiconductor Underdog
AMD’s improving balance sheet and exciting GPU portfolio offer significant upside potential. Investor’s Business Daily notes that the company’s margins are expected to expand in the second half of 2023, driven by high-priced new product launches.
Intuit Inc. (INTU): The Financial Software Innovator
Intuit’s transition of desktop customers to cloud-based solutions has been facilitated by its robust online ecosystem. Motley Fool reports that the company’s strong brand name should open doors to cross-selling and upselling opportunities among customers of its various brands.
The tech sector’s resurgence in 2023 offers a plethora of investment opportunities, but the key to capitalizing on this trend lies in meticulous stock selection. From trillion-dollar giants like Apple to emerging leaders like Nvidia, the landscape is ripe for investors willing to navigate the complexities of the current market.
The Future of Hospitality: AI-Driven Wellness Programs and Revenue Generation
In an era where wellness is not just a trend but a lifestyle, the hospitality industry is undergoing a transformative shift. The focus is no longer solely on luxury and comfort but also on enhancing the well-being of guests. With the advent of Artificial Intelligence (AI) and machine learning technologies, hotels are uniquely positioned to revolutionize the guest experience while also boosting their bottom line, as highlighted by Larry and Adam Mogelonsky in their recent article on Hotel Technology News.
The Longevity Revolution and Hotels
As life expectancy continues to rise—thanks to technological advances in healthcare—people are not just living longer but also seeking quality experiences in their extended years. Hotels are becoming more than just a place to stay; they are evolving into wellness sanctuaries. The role of hotels is shifting towards preventative healthcare, a concept that Harvard Business Review notes is becoming increasingly important in the industry. They have the opportunity to inspire and help people adopt healthier habits, thereby increasing the customer lifetime value of the average guest.
The Labor Challenge
However, the challenge lies in the execution. Wellness practitioners, with their specialized skills and compassion, are in short supply. This is where AI and machine learning come into play. These technologies can help hotels commercialize wellness in a labor-efficient manner, beyond just traditional spa services, as highlighted by TechCrunch.
AI in Action: Six Use Cases
Dynamic Availability and Pricing
One of the most straightforward applications of AI in hotel wellness programs is in dynamic availability and pricing. Machine learning algorithms can analyze past data to optimize time-based inventory, ensuring that high-profit-margin treatments are scheduled during peak times. This is similar to how hotels already use dynamic pricing for room bookings, a concept well-articulated by TechCrunch.
Automated Marketing and Bookings
AI can also automate marketing efforts and manage bookings, allowing staff to focus more on guest interactions. Automated systems can handle promotions, generate marketing content, and even conduct A/B testing within e-commerce channels, a strategy that Forbes notes is the future of wellness tourism.
Staff and Guest Scheduling
AI can optimize staff scheduling to meet guest needs effectively. For example, if a specialized wellness practitioner is off duty, the system can adjust guest bookings accordingly, ensuring that services are always available.
Personalized Wellness Itineraries
Perhaps one of the most exciting applications is the creation of personalized wellness itineraries for guests. Machine learning algorithms can analyze past guest data and current health metrics to suggest a tailored wellness program. This level of personalization can significantly enhance the guest experience and encourage repeat visits.
AI can also play a role in functional nutrition by analyzing a guest’s genomic and epigenomic data to recommend personalized meal plans. This is particularly beneficial for hotels that offer all-inclusive meal plans, as it adds an extra layer of customization to the guest experience.
The ultimate application of AI in hotel wellness programs could be in computational therapies. Imagine a system that can customize each treatment based on a guest’s specific biomarkers. This could range from adjusting sauna times to creating bespoke skincare products.
The Road Ahead
While some of these applications may seem futuristic, the technology is rapidly evolving. Hotels that start integrating AI into their wellness programs today will be better positioned to meet the demands of an increasingly health-conscious consumer base tomorrow.
In conclusion, AI has the potential to be a game-changer in the hospitality industry, not just in enhancing guest wellness but also in opening new avenues for revenue generation. As Larry and Adam Mogelonsky aptly put it, there are numerous ways to use AI to improve processes behind the scenes, ensuring that hotels are ready to seize the day when these futuristic applications become commercially viable.
Biden-Harris Administration Unveils 31 Regional Tech Hubs to Boost American Innovation
In a strategic move to bolster American innovation and job creation, President Biden and Secretary of Commerce Gina Raimondo have announced the launch of 31 Regional Innovation and Technology Hubs (Tech Hubs) across the United States. According to the official White House statement, these Tech Hubs aim to catalyze investment in critical technologies that are essential for economic growth, national security, and job creation.
The initiative is part of President Biden’s broader economic agenda, known as Bidenomics, and focuses on developing innovative industries such as semiconductors, clean energy, and artificial intelligence. The Tech Hubs will collaborate with private industry, educational institutions, and local governments to compete for up to $75 million in implementation grants. This multi-sector partnership is designed to make transformative investments in innovation, supply chain resilience, and job creation, thereby positioning the U.S. as a global leader in technology and manufacturing.
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