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Colin Ng

Larry Fink: Purpose and Profits are inextricably linked

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Luuk Jacobs

I attended yesterday a dinner organised by @IESE on Augmented Intelligence. Next to the meaning of it there was a lively discussion on the impact of it on jobs and if it would be replacing at any time the human being.

Specialists in the field firstly argued that there will indeed be an impact on jobs but further stressed that it would not necessarily make jobs redundant but kind of would lift them up to the next level in which the information available for decision making would significantly improve; current unstructured data can be made structured. Technologies like self driving cars are in the current legal environment not replacing the driver. New technologies in for example aircraft maintenance, make t possible with the use of micro robots too easily and quickly looks into the engines to detect issues; technology here also adds but does not replace. 

The discussion concluded that media is portraying new technology in a Hollywood fiction style, whereas reality is still far away from this. So maybe there is a need for more realism as to what technology will be able to change in the next 20-50 years, otherwise unfunded anger, nationalism and xenophobia could destabilise societies instead of technology enriching everyone's lives.

 

Quote

Around the world, frustration with years of stagnant wages, the effect of technology on jobs, and uncertainty about the future have fueled popular anger, nationalism, and xenophobia. 

 

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