Föhrenbergkreis Finanzwirtschaft

Unkonventionelle Lösungen für eine zukunftsfähige Gesellschaft

Posts Tagged ‘Technology’

In 10 Years, Your iPhone Won’t Be a Phone Anymore

Posted by hkarner - 27. Juni 2017

Date: 26-06-2017
Source: The Wall Street Journal

Siri will be the conductor of a suite of devices, all tracking your interactions and anticipating your next moves

It’s 2027, and you’re walking down the street, confident you’ll arrive at your destination even though you don’t know where it is. You may not even remember why your device is telling you to go there.

There’s a voice in your ear giving you turn-by-turn directions and, in between, prepping you for this meeting. Oh, right, you’re supposed to be interviewing a dog whisperer for your pet-psychiatry business. You arrive at the coffee shop, look around quizzically, and a woman you don’t recognize approaches. A display only you can see highlights her face and prints her name next to it in crisp block lettering, Terminator-style. Afterward, you’ll get an automatically generated transcript of everything the two of you said. Den Rest des Beitrags lesen »

Posted in Artikel | Verschlagwortet mit: , , , , , | Leave a Comment »

Wages through the ages

Posted by hkarner - 16. Juni 2017

Date: 15-06-2017
Source: The Economist

What history says about inequality and technology

The recent rise in earnings for skilled workers is a rare phenomenon

ONE factor behind the rise of income inequality in America over the past four decades is that the labour market has increasingly favoured the well-educated. Real wages for college graduates have risen by over a third since 1963, whereas wages for those without high-school diplomas have dropped. As more of the economy becomes automated, doomsayers worry that the gap between the haves and the have-nots will only grow. History shows, however, that this need not be so.

The recent rise in earnings for skilled workers is a rare historical phenomenon. Compiling records from churches, monasteries, colleges, guilds and governments, Gregory Clark, an economist at the University of California, Davis, has put together a comprehensive dataset of English wages that stretches back to the 13th century. Mr Clark notes that in the past the skilled-wage premium, defined as the difference in wages between craftsmen, such as carpenters and masons, and unskilled labourers has been fairly stable, save for two sharp declines (see chart).

The first drop came in the 14th century, and had nothing to do with technological change. Den Rest des Beitrags lesen »

Posted in Artikel | Verschlagwortet mit: , , , | Leave a Comment »

The Next Energy Revolution

Posted by hkarner - 13. Juni 2017

Date: 13-06-2017
Source: Foreign Affairs By David G. Victor, Kassia Yanosek

The Promise and Peril of High-Tech Innovation

The technology revolution has transformed one industry after another, from retail to manufacturing to transportation. Its most far-reaching effects, however, may be playing out in the unlikeliest of places: the traditional industries of oil, gas, and electricity.

Over the past decade, innovation has upended the energy industry. First came the shale revolution. Starting around 2005, companies began to unlock massive new supplies of natural gas, and then oil, from shale basins, thanks to two new technologies: horizontal drilling and hydraulic fracturing (or fracking). Engineers worked out how to drill shafts vertically and then turn their drills sideways to travel along a shale seam; they then blasted the shale with high-pressure water, sand, and chemicals to pry open the rock and allow the hydrocarbons to flow. These technologies have helped drive oil prices down from an all-time high of $145 per barrel in July 2008 to less than a third of that today, and supply has become much more responsive to market conditions, undercutting the ability of OPEC, a group of the world’s major oil-exporting nations, to influence global oil prices. Den Rest des Beitrags lesen »

Posted in Artikel | Verschlagwortet mit: , , , , , | Leave a Comment »

Technology, jobs, and the future of work

Posted by hkarner - 27. Mai 2017

By James Manyika, McKinsey Global Institute, May 2017

Automation, digital platforms, and other innovations are changing the fundamental nature of work. Understanding these shifts can help policy makers, business leaders, and workers move forward.

The world of work is in a state of flux, which is causing considerable anxiety—and with good reason. There is growing polarization of labor-market opportunities between high- and low-skill jobs, unemployment and underemployment especially among young people, stagnating incomes for a large proportion of households, and income inequality. Migration and its effects on jobs has become a sensitive political issue in many advanced economies. And from Mumbai to Manchester, public debate rages about the future of work and whether there will be enough jobs to gainfully employ everyone.

The development of automation enabled by technologies including robotics and artificial intelligence brings the promise of higher productivity (and with productivity, economic growth), increased efficiencies, safety, and convenience. But these technologies also raise difficult questions about the broader impact of automation on jobs, skills, wages, and the nature of work itself. Den Rest des Beitrags lesen »

Posted in Artikel | Verschlagwortet mit: , , , , , | Leave a Comment »

INSURANCE: WHERE HUMANS STILL RULE OVER MACHINES

Posted by hkarner - 25. Mai 2017

Date: 24-05-2017
Source: The Wall Street Journal

American International Group Inc. uses one of the industry’s leading algorithmic models to determine how much companies should pay for insurance.

It just doesn’t trust what the model computes on its own.

As part of an approach it started rolling out last year, the global insurance conglomerate pairs its models with human underwriters. The approach reflects the company’s belief that human judgment is still needed in sizing up most of the midsize to large businesses that it insures. AIG even has a nickname for underwriters who keep the same price as the model every time: “flat liners.”
Den Rest des Beitrags lesen »

Posted in Artikel | Verschlagwortet mit: , , , | Leave a Comment »

How America’s two tech hubs are converging

Posted by hkarner - 13. Mai 2017

Date: 11-05-2017
Source: The Economist

More than ever, Seattle and Silicon Valley are joined at the hip

WOULD your region care to be the next Silicon Valley? In most of the world’s technology hubs, local leaders scramble to say “yes”. But ask the question in and around Seattle, the other big tech cluster on America’s west coast, and more often than not the answer is “no”—followed by explanations of why the city and its surrounds are different from the San Francisco Bay Area. The truth may be more complex: in recent years the Seattle area has become a complement to the valley. Some even argue that the two regions, though 800 miles (1,300km) apart, are becoming one.

They have similar roots, notes Margaret O’Mara, a historian at the University of Washington (UW). Each grew rapidly during a gold rush in the 19th century. Later both benefited from military spending. Silicon Valley ultimately focused on producing small things, including microprocessors, and Seattle on bigger ones, such as aeroplanes (Boeing was for decades the city’s economic anchor). This difference in dimension persists. The valley has plenty of giant firms, but its focus is mainly on startups and smartphones. In contrast, Seattle is still more of a company town, with Amazon and Microsoft, both builders of big data centres, looming large. Den Rest des Beitrags lesen »

Posted in Artikel | Verschlagwortet mit: , , , | Leave a Comment »

HOW LONG UNTIL FACEBOOK TAKES OVER THE WORLD?

Posted by hkarner - 11. Mai 2017

Date: 10-05-2017
Source: NewsWeek

Facebook Doubles Down On Social VR With Spaces—Now in Beta!

At some point soon, possibly even in May, the number of people in the world using Facebook is going to top 2 billion. That will mean more than half of all internet users in the world are on Mark Zuckerberg’s 13-year-old social network.

In its first quarterly earnings report for 2017 on Wednesday, Facebook stated that it had 1.94 billion monthly active users—300 million more than it had at the same time last year. According to the web-monitoring website Internet Live Stats, there are more than 3.6 billion internet users in the world—around 200 million more than there were last year. Facebook is on its way to signing them up.

Speaking after the quarterly results were announced, Facebook CEO Mark Zuckerberg spoke of the company’s size but did not make explicit his plans for keeping up this astonishing rate of growth. “With that foundation our next focus will be building community,” Zuckerberg said. “There’s a lot to do there.”

The word “community” only hints at his ambitions. Several initiatives the social network has launched in recent years point to his plan to connect the entire world to the internet—and by extension, to Facebook.

Some attempts, like the solar-powered internet planes it tested in Arizona last July, have had some success yet remain a long way from being realized on any significant scale. Other attempts, such as its Free Basics program in India have failed entirely—Indian regulators shut the project down in February over concerns about the social network’s potential to threaten net neutrality.

On Thursday, the technology juggernaut announced the commercial launch of “Express Wi-Fi,” which it claims will give millions of Indians access to the web at an “affordable” fee. It is designed to allow people to pay for the internet directly from local service providers and according to its website is live in Nigeria, Kenya, Tanzania and Indonesia as well as India. The initiative forms part of facebook’s Internet.org project, which launched in 2013 with the stated ambition of connecting the two-thirds of the planet without internet access.

Some activists have criticized Internet.org for the underlying implications of what is arguably Zuckerberg’s most ambitious project.

“We shouldn’t celebrate Facebook’s efforts to ‘bring the internet to all’ because that is not what they are doing,” transparency advocate David Sasaki said in a blogpost published shortly after the unveiling of Internet.org. Den Rest des Beitrags lesen »

Posted in Artikel | Verschlagwortet mit: , , | Leave a Comment »

Banks are finding it harder to attract young recruits

Posted by hkarner - 7. Mai 2017

Date: 04-05-2017
Source: The Economist

Millennials are getting pickier

“FIST BUMP, MAN.” That was how a young employee at Bank of America Merrill Lynch expressed his approval after a presentation to staff, recalls Diego De Giorgi, head of investment banking there. The boss obliged. After a recent “town hall” meeting he got an e-mail from a second-year analyst who wanted to discuss some ideas. Mr De Giorgi duly invited him and a few of his peers for a chat.

Today’s recruits to big banks have different priorities from the newcomers of a decade or two ago. These days a presentation to university students might be followed by half an hour of questions about the bank’s corporate social responsibility programme, as well as the more obvious ones about pay and promotion prospects. Den Rest des Beitrags lesen »

Posted in Artikel | Verschlagwortet mit: , , , , | Leave a Comment »

voestalpine-Chef will Arbeiter durch „white-collar workers“ ersetzen

Posted by hkarner - 4. Mai 2017

Der Transformationsprozess hin zur vollständigen Digitalisierung werde „mit Sicherheit 15 Jahre dauern – ohne Mitarbeiterabbau“, glaubt Konzernchef Wolfgang Eder.

Die Digitalisierung schreitet zügig voran – Menschen werden zusehends durch Computer ersetzt. Bei der voestalpine fallen dabei aber laut Konzernchef Wolfgang Eder keine Jobs weg: „Es werden keine dramatischen Arbeitsplatzeffekte damit verbunden sein“, sagte er vor Journalisten in Wien. Betroffene Konzernmitarbeiter würden umgeschult, kämen anderswo im Unternehmen unter oder gingen in Pension.

Als Beispiel dafür führte Eder das nunmehr vollautomatisierte Drahtwalzwerk im steirischen Leoben/Donawitz an. Die alte Anlage werde „in den nächsten Monaten“ abgestellt. Bisher arbeiteten dort 15 bis 20 Arbeitnehmer pro Schicht. „Heute wird das mit zwei Leuten im Kontrollraum und 15.000 Sensoren gefahren“, berichtete der voestalpine-Chef. Die Modernisierung startete im Sommer 2016. „Die Leute kommen alle am Standort unter – wir haben auch zwei Jahre lang umgeschult“, so Eder. Etwa 150 Mitarbeiter würden umgestellt, einige gingen in den Ruhestand. Den Rest des Beitrags lesen »

Posted in Artikel | Verschlagwortet mit: , , , , | Leave a Comment »

Tech’s Titans Go From Big to Bigger

Posted by hkarner - 29. April 2017

Date: 28-04-2017
Source: The Wall Street Journal

Scale of Amazon, Microsoft and Google hard to combat as tech industry shifts to new markets

Today’s high-tech giants may not be monopolies in the most classic sense. But their outsize prominence is hard to deny, as demonstrated during the tech-earnings-palooza Thursday afternoon.

The day’s closing bell saw quarterly reports from Amazon.com Inc., Microsoft Corp., Intel Corp. and Alphabet Inc., the parent company of Google. Their combined revenue for the period—about $97.4 billion—comprises about 4% of the cumulative revenue projected for companies in the S&P 500, according to Howard Silverblatt, senior index analyst at S&P Dow Jones Indices.

Yet, the combined market capitalization of the four companies makes up about 8% of the Index’s total. Throwing in Apple Inc. AAPL 0.08% and Facebook Inc. FB 0.78% —both of which report results next week—puts about 13% of the S&P 500’s combined market cap into the hands of just six companies. And note that two of those companies—Microsoft and Intel—were written off by some as being past their prime, given that both still rely on sales of personal computers for a substantial portion of their business. Den Rest des Beitrags lesen »

Posted in Artikel | Verschlagwortet mit: , , , , , | Leave a Comment »