Business

Researchers Explore the Future Workplace in an Online Game

Published

3 years ago

April 9, 2021

Jean

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.

Business

Canada Bolsters National Security by Tightening Foreign Investment Rules in AI and Space Tech Sectors

Published

4 weeks ago

April 2, 2024

Jean

In an unprecedented move signaling growing concerns over national security and technological sovereignty, the Canadian government has announced plans to intensify its scrutiny of foreign investments in critical sectors, namely artificial intelligence (AI) and space technology. This strategic decision underscores the increasing geopolitical tensions surrounding technological advancements and the global race for dominance in key futuristic industries.

According to a recent Bloomberg report, Ottawa’s latest policy adjustment mandates foreign entities to notify the Canadian government in advance of any intended investments or acquisitions in the AI and space technology sectors. This policy shift is a direct response to escalating global competition for technological supremacy and the need to safeguard Canada’s national interests and security infrastructure.

The sectors of artificial intelligence and space technology are recognized as pivotal arenas for future economic growth, military applications, and societal advancements. The Canadian government’s proactive measures resonate with a broader global trend, where nations are increasingly protective of their indigenous industries against potential foreign exploitation or influence. In the words of an unnamed government official cited by Reuters, this policy revision is a testament to Canada’s commitment to protecting its national security while fostering a safe and competitive technological ecosystem.

Artificial intelligence, in particular, has seen exponential growth and is pivotal in areas ranging from healthcare diagnostics to autonomous vehicle technology. Similarly, the space technology sector has evolved beyond satellite communications, embodying the new frontier for defense capabilities and exploration ventures. Given these technologies’ potential dual-use applications for civilian and military purposes, Canada’s decision reflects a nuanced understanding of the complex dynamics at play.

The policy change is set against the backdrop of heightened global scrutiny over foreign direct investments, especially from countries with contrasting geopolitical agendas. Canada’s stance mirrors initiatives in other countries, like the United States, where the Committee on Foreign Investment in the United States (CFIUS) has similar mandates, and the European Union, which has been working on establishing a more cohesive framework for screening foreign investments that might pose security risks.

Industry reactions have been varied, with some stakeholders applauding the move as essential for preserving Canada’s competitive edge and securing its technological future. In contrast, others caution about potential impacts on international collaboration and investment flows into Canadian startups. The Information Technology Association of Canada (ITAC), for instance, emphasizes the importance of balancing national security with the need to maintain an open, innovative environment conducive to global partnerships.

Experts argue that while the protection of sensitive technologies is paramount, it is equally critical to ensure these measures do not stifle innovation or deter beneficial foreign investments. The challenge lies in crafting policies that are transparent, predictable, and foster an environment where international cooperation can thrive alongside robust national security safeguards.

As the global landscape for technology and investment continues to evolve, Canada’s updated foreign investment rules in AI and space technology serve as a bellwether for how nations navigate the intricate balance between openness and security. This development not only highlights Canada’s strategic positioning but also raises pertinent questions about the future of international technology transfer, collaboration, and competition.

As the world stands on the cusp of a new era marked by technological innovation, the actions taken by countries like Canada will undoubtedly shape the contours of global tech leadership and governance. With national security and economic prosperity at stake, the path forward requires a judicious blend of vigilance, flexibility, and foresight.

Business

Leveraging Technology to Transform Your Business in 2024

Published

1 month ago

March 14, 2024

Jean

In the rapidly evolving landscape of modern business, staying ahead of technological trends is not just advantageous; it’s essential. The integration of innovative technologies into business operations can be a game-changer, driving efficiency, enhancing customer experience, and opening up new avenues for growth. As we move into 2024, companies across the globe are looking to supercharge their business models by embracing the latest tech. Entrepreneur’s recent article provides a comprehensive guide on how businesses can leverage technology to stay competitive and relevant in this digital era.

The Cornerstones of Technological Integration in Business

1. Artificial Intelligence and Machine Learning: AI and ML continue to be at the forefront of technological advancement, offering unprecedented insights into customer behavior and operational efficiency. According to the World Economic Forum, AI and machine learning are not just futuristic concepts but are now central to the operational strategies of innovative businesses. These technologies can automate mundane tasks, enhance decision-making processes, and personalize the customer experience.

2. Cloud Computing: The shift to cloud-based platforms has democratized access to powerful computing resources, enabling businesses of all sizes to scale quickly and efficiently. IBM’s insights into cloud computing highlight its role in fostering innovation by providing flexibility, scalability, and a secure environment for business growth.

3. Cybersecurity Measures: As businesses become increasingly digital, the importance of cybersecurity has never been more pronounced. The Cybersecurity and Infrastructure Security Agency (CISA) offers resources and guidelines to help businesses protect their digital assets. Implementing robust cybersecurity measures is critical in safeguarding company data and maintaining customer trust.

4. The Internet of Things (IoT): IoT technology is revolutionizing the way businesses interact with the physical world. By connecting devices and sensors, companies can gain real-time insights into operations, optimize supply chains, and improve product offerings. The Internet of Things Consortium is a testament to the growing influence of IoT in various industries, highlighting its potential to transform business models.

5. Blockchain Technology: Beyond its association with cryptocurrencies, blockchain technology offers a secure and transparent way to conduct transactions and store data. Its potential for creating immutable records makes it a valuable tool for supply chain management, intellectual property protection, and secure transactions. The Blockchain Research Institute provides insights into how blockchain can be harnessed across different sectors.

Implementing Technology for Business Success

To truly benefit from these technologies, businesses need to adopt a strategic approach. This involves not only identifying the right technologies that align with business goals but also ensuring the workforce is skilled to leverage these tools effectively. Training and continuous learning are paramount in this regard. As outlined by Entrepreneur, integrating technology into business operations requires a balance between innovation and practicality, ensuring that new tools enhance rather than complicate business processes.

Furthermore, collaboration with technology partners can provide businesses with the expertise and support needed to navigate the complexities of digital transformation. Companies like Salesforce and Microsoft offer a range of services and solutions designed to facilitate this transition, from cloud services to AI-driven analytics tools.

Looking Ahead

As we look towards the future, the role of technology in business is set to grow even more significant. The ongoing development of 5G networks, advancements in quantum computing, and the rise of edge computing are just a few of the trends that will shape the business landscape in 2024 and beyond. By staying informed and adaptable, businesses can harness these technologies to drive growth, improve efficiency, and create value for their customers.

In conclusion, the journey towards technological empowerment is ongoing. As highlighted by Entrepreneur, businesses that are proactive in integrating technology into their operations will be well-placed to thrive in the dynamic and competitive business environment of 2024. Through strategic investment in technology, companies can unlock new opportunities, enhance their operational capabilities, and set the stage for sustained success.

Business

Embracing the Future: How Small Businesses Can Leverage Technology Trends in 2024

Published

3 months ago

January 16, 2024

Jean

In an era where technology evolves at breakneck speed, small businesses are increasingly recognizing the need to stay abreast of the latest trends to remain competitive. As we step into 2024, several technology trends are emerging as game-changers for small enterprises. From the widespread adoption of artificial intelligence (AI) to the rollout of 5G, these advancements are not just reshaping the business landscape but also offering new avenues for growth and efficiency.

1. The Rise of Artificial Intelligence

AI and machine learning continue to be at the forefront of technological evolution. For small businesses, AI is no longer a distant dream but a tangible tool that can drive personalized customer experiences and automate mundane tasks. According to a study by IBM, 35% of companies are already using AI, with another 42% exploring its applications (IBM, 2023). This trend is set to grow, with AI finding applications in cybersecurity, CRM systems, and market research.

2. The 5G Revolution

The 5G technology, known for its high-speed data transmission and minimal latency, is set to revolutionize the Internet of Things (IoT). This advancement will not only enhance connectivity but also open new career opportunities in the IoT domain. Ericsson Mobile estimates a significant increase in IoT devices using 5G connections by 2028 (Ericsson, 2023).

3. Employee Monitoring Software for Hybrid Teams

With the rise of remote and hybrid work models, employee monitoring software has become essential. These tools offer insights into remote workers’ productivity and help manage the challenges of a distributed workforce. The demand for such software has seen a consistent upward trend since the pandemic’s onset.

4. Remote Onboarding: A New Norm

Remote onboarding has become crucial in the hybrid work model. Technology plays a pivotal role in this process, ensuring new employees are integrated smoothly into the company culture and workflow, despite the lack of physical interaction.

5. Tech-Assisted Retail Shopping

The retail sector is witnessing a shift towards tech-assisted shopping experiences. Technologies like QR codes, mobile terminals, and mobile wallets are becoming increasingly popular, offering a contactless and efficient shopping experience.

6. The Emergence of Superapps

Superapps, as predicted by Gartner, are set to become the next big thing in business software (Gartner, 2023). These apps will unify various services into a single interface, streamlining operations for small businesses and their employees.

7. Cybersecurity: A Growing Concern

With the shift to remote work, cybersecurity has become a paramount concern for businesses. Despite this, many small businesses underestimate the risk of cyberattacks. Research from BullGuard reveals that nearly 60% of small businesses think a cyberattack is unlikely, yet the reality is starkly different. Cybersecurity company Check Point found a 28% increase in global cyberattacks in 2022 compared to 2021, with small businesses being particularly vulnerable (Check Point, 2022). This trend underscores the need for robust cybersecurity measures.

8. Big Data: A Competitive Edge

Big data and analytics are increasingly seen as key to gaining a competitive advantage. According to Nash Squared’s Digital Leadership Report, two-thirds of digital leaders believe big data and analytics will deliver a competitive edge within a year (Nash Squared, 2023). This trend is not just limited to large corporations; small businesses too can harness big data to improve their market positioning.

9. Automation: The New Business Imperative

Automation is becoming a necessity rather than a luxury for small businesses. With worker shortages in certain domains, automation investments are increasing, covering areas like online pricing and inventory management. The cloud is playing a crucial role in facilitating this shift towards automation.

10. Influencer Marketing: Narrowing Focus

The influencer marketing industry is poised for strong, continued growth. Statista projects that the industry will be worth $22.2 billion in 2025, up from $9.7 billion in 2020 (Statista, 2025). This growth is reinforced by changes in consumer shopping habits, particularly among Gen Z shoppers, who increasingly use apps like TikTok for search and discovery purposes.

11. Social Media Advertising: Expanding Reach

Small businesses are continuing to adopt social media advertising in 2024. According to The Future of Social Marketing report from Hootsuite, 83% of marketers expressed confidence in the ROI for social media advertising, up from 68% the previous year (Hootsuite, 2024). This trend demonstrates the growing importance of social media in connecting with customers and promoting brands.

In conclusion, 2024 is shaping up to be a pivotal year for small businesses in terms of technology adoption. From AI and 5G to cybersecurity and social media marketing, these trends offer numerous opportunities for growth, efficiency, and competitive advantage. Embracing these trends will be key for small businesses looking to thrive in the rapidly evolving digital landscape.