Analytics for the Sharing Economy: Mathematics, Engineering and Business Perspectives

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Author :
Publisher : Springer Nature
ISBN 13 : 3030350320
Total Pages : 343 pages
Book Rating : 4.0/5 (33 download)

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Book Synopsis Analytics for the Sharing Economy: Mathematics, Engineering and Business Perspectives by : Emanuele Crisostomi

Download or read book Analytics for the Sharing Economy: Mathematics, Engineering and Business Perspectives written by Emanuele Crisostomi and published by Springer Nature. This book was released on 2020-03-11 with total page 343 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book provides an encompassing overview of all aspects relating to the sharing economy paradigm in different fields of study, and shows the ongoing research efforts in filling previously identified gaps in understanding in this area. Control and optimization analytics for the sharing economy explores bespoke analytics, tools, and business models that can be used to help design collaborative consumption services (the shared economy). It provides case studies of collaborative consumption in the areas of energy and mobility. The contributors review successful examples of sharing systems, and explore the theory for designing effective and stable shared-economy models. They discuss recent innovations in and uses of shared economy models in niche areas, such as energy and mobility. Readers learn the scientific challenging issues associated with the realization of a sharing economy. Conceptual and practical matters are examined, and the state-of-the-art tools and techniques to address such applications are explained. The contributors also show readers how topical problems in engineering, such as energy consumption in power grids, or bike sharing in transportation networks, can be formulated and solved from a general collaborative consumption perspective. Since the book takes a mathematical perspective to the topic, researchers in business, computer science, optimization and control find it useful. Practitioners also use the book as a point of reference, as it explores and investigates the analytics behind economy sharing.

Analytics for the Sharing Economy

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Author :
Publisher :
ISBN 13 : 9783030350338
Total Pages : 343 pages
Book Rating : 4.3/5 (53 download)

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Book Synopsis Analytics for the Sharing Economy by :

Download or read book Analytics for the Sharing Economy written by and published by . This book was released on 2020 with total page 343 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book provides an encompassing overview of all aspects relating to the sharing economy paradigm in different fields of study, and shows the ongoing research efforts in filling previously identified gaps in understanding in this area. Control and optimization analytics for the sharing economy explores bespoke analytics, tools, and business models that can be used to help design collaborative consumption services (the shared economy). It provides case studies of collaborative consumption in the areas of energy and mobility. The contributors review successful examples of sharing systems, and explore the theory for designing effective and stable shared-economy models. They discuss recent innovations in and uses of shared economy models in niche areas, such as energy and mobility. Readers learn the scientific challenging issues associated with the realization of a sharing economy. Conceptual and practical matters are examined, and the state-of-the-art tools and techniques to address such applications are explained. The contributors also show readers how topical problems in engineering, such as energy consumption in power grids, or bike sharing in transportation networks, can be formulated and solved from a general collaborative consumption perspective. Since the book takes a mathematical perspective to the topic, researchers in business, computer science, optimization and control find it useful. Practitioners also use the book as a point of reference, as it explores and investigates the analytics behind economy sharing.

Data Science for Mathematicians

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Author :
Publisher : CRC Press
ISBN 13 : 0429675682
Total Pages : 545 pages
Book Rating : 4.4/5 (296 download)

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Book Synopsis Data Science for Mathematicians by : Nathan Carter

Download or read book Data Science for Mathematicians written by Nathan Carter and published by CRC Press. This book was released on 2020-09-15 with total page 545 pages. Available in PDF, EPUB and Kindle. Book excerpt: Mathematicians have skills that, if deepened in the right ways, would enable them to use data to answer questions important to them and others, and report those answers in compelling ways. Data science combines parts of mathematics, statistics, computer science. Gaining such power and the ability to teach has reinvigorated the careers of mathematicians. This handbook will assist mathematicians to better understand the opportunities presented by data science. As it applies to the curriculum, research, and career opportunities, data science is a fast-growing field. Contributors from both academics and industry present their views on these opportunities and how to advantage them.

Handbook of Research on Gamification Dynamics and User Experience Design

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Publisher : IGI Global
ISBN 13 : 1668442922
Total Pages : 541 pages
Book Rating : 4.6/5 (684 download)

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Book Synopsis Handbook of Research on Gamification Dynamics and User Experience Design by : Bernardes, Oscar

Download or read book Handbook of Research on Gamification Dynamics and User Experience Design written by Bernardes, Oscar and published by IGI Global. This book was released on 2022-05-20 with total page 541 pages. Available in PDF, EPUB and Kindle. Book excerpt: In today’s digital society, organizations must utilize technology in order to engage their audiences. Innovative game-like experiences are an increasingly popular way for businesses to interact with their customers; however, correctly implementing this technology can be a difficult task. To ensure businesses have the appropriate information available to successfully utilize gamification in their daily activities, further study on the best practices and strategies for implementation is required. The Handbook of Research on Gamification Dynamics and User Experience Design considers the importance of gamification in the context of organizations’ improvements and seeks to investigate game design from the experience of the user by providing relevant academic work, empirical research findings, and an overview of the field of study. Covering topics such as digital ecosystems, distance learning, and security awareness, this major reference work is ideal for policymakers, technology developers, managers, government officials, researchers, scholars, academicians, practitioners, instructors, and students.

Trading in Local Energy Markets and Energy Communities

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Publisher : Springer Nature
ISBN 13 : 3031214021
Total Pages : 264 pages
Book Rating : 4.0/5 (312 download)

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Book Synopsis Trading in Local Energy Markets and Energy Communities by : Miadreza Shafie-khah

Download or read book Trading in Local Energy Markets and Energy Communities written by Miadreza Shafie-khah and published by Springer Nature. This book was released on 2023-02-13 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents trading in local energy markets and communities. It covers electrical, business, economics, telecommunication, information technology (IT), environment, building, industrial, and computer science and examines the intersections of these areas with these markets and communities. Additionally, it delivers an vision for local trading and communities in smart cities. Since it also lays out concepts, structures, and technologies in a variety of applications intertwined with future smart cities, readers running businesses of all types will find material of use in the book. Manufacturing firms, electric generation, transmission and distribution utilities, hardware and software computer companies, automation and control manufacturing firms, and other industries will be able to use this book to enhance their energy operations, improve their comfort and privacy, as well as to increase the benefit from the energy system. This book is also used as a textbook for graduate level courses.

Cases on International Business Logistics in the Middle East

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Publisher : IGI Global
ISBN 13 : 166844688X
Total Pages : 365 pages
Book Rating : 4.6/5 (684 download)

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Book Synopsis Cases on International Business Logistics in the Middle East by : Abdelbary, Islam

Download or read book Cases on International Business Logistics in the Middle East written by Abdelbary, Islam and published by IGI Global. This book was released on 2023-02-24 with total page 365 pages. Available in PDF, EPUB and Kindle. Book excerpt: The importance of supply chain and logistics knowledge has been growing significantly with the beginning of the new millennium, especially after the COVID-19 pandemic outbreak, as logistics and international transport perform one of the most essential services of the modern globalized and interconnected world. This influence of the new dynamic world brings both challenges and motivation for researchers and practitioners with interests in this field. Further study on the opportunities and difficulties of business logistics is essential to protect the future of international business. Cases on International Business Logistics in the Middle East provides innovative information on logistics and supply chain management and delivers insights into contemporary findings of logistics and supply chain based on real case studies. Covering critical topics such as manufacturing, warehousing, air transport, and big data, this reference work is ideal for managers, executives, business owners, researchers, scholars, academicians, practitioners, instructors, and students.

AVENUE21. Planning and Policy Considerations for an Age of Automated Mobility

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Publisher : Springer Nature
ISBN 13 : 3662670046
Total Pages : 462 pages
Book Rating : 4.6/5 (626 download)

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Book Synopsis AVENUE21. Planning and Policy Considerations for an Age of Automated Mobility by : Mathias Mitteregger

Download or read book AVENUE21. Planning and Policy Considerations for an Age of Automated Mobility written by Mathias Mitteregger and published by Springer Nature. This book was released on 2023-03-29 with total page 462 pages. Available in PDF, EPUB and Kindle. Book excerpt: The subject of this open-access publication is the impact of connected and automated vehicles on the European city and the conditions under which this technology can make a positive contribution to urban development. The authors put forward two theses that have received little attention in the scientific discourse so far: Connected and automated vehicles will not become fully established in all sub-areas of the city for a long time. As a result, previously assumed effects - from traffic safety to traffic performance as well as spatial effects - will have to be reevaluated. To ensure a positive contribution of this technology to the mobility of the future, transport and settlement policy regulations must be further developed. Established territorial, institutional and organizational boundaries need to be challenged in a timely manner. Despite or because of the existing great uncertainties, we are at the beginning of a phase of yet shaping the possible future - in technology development, but also in politics, urban planning, administration and civil society. Description of the chapters: 1. Connected and automated driving: The long level 4 Mathias Mitteregger reflects on the road ahead for automated driving. What pathways of technological development induce which kind of spatial effects and planning needs? 2. Connected and automated driving: Consideration of the local, spatial context and spatial differentiation Emilia M. Bruck and Aggelos Soteropoulos reflect on the importance of the local context when classifying and estimating the effects of different forms of automated mobility. 3. Connected and automated driving in the context of a sustainable transport and mobility transformation Andrea Stickler, Jens S. Dangschat and Ian Banerjee integrate possible potentials of automated mobility in the context of a transformed, sustainable transport system. PART I: Mobility and transport 4. Self-driving turnaround or automotive continuity? Reflections on technology, innovation and social change Katharina Manderscheid reflects on how differing visions of an automated future can be understood with regard to divergent interests in technological development. 5. Automated drivability and streetscape compatibility in the urban-rural continuum using the example of Greater Vienna Aggelos Soteropoulos analyses how different street spaces align with technological requirements of automated mobility, creating a suitability framework for road spaces in the Greater Vienna region. 6. Automation, public transport and Mobility as a Service: Experience from tests with automated shuttle buses The authors show what types of automated public transport might be used in the future and what can be learned from testing automated shuttle buses in the past. 7. Delivery robots as a solution for the last mile in the city? Bert Leerkamp, Aggelos Soteropoulos and Martin Berger describe how automated delivery robots could be contextualized in terms of solving last-mile problems and discuss what implications might lie ahead for urban planning. PART II: Public space 8. Control and design of spatial mobility interfaces The authors identify the possible implications of automated mobility for mobility interfaces and explore how public spaces could be transformed. 9. Transformations of European public spaces with AVs Robert Martin, Emilia M. Bruck and Aggelos Soteropoulos use the example of Copenhagen to show how public spaces could be transformed in an age of automated urban mobility and benefit from lower car dependency. 10. At the end of the road: Total safety Mathias Mitteregger discusses how the desire for road safety affects public spaces and how automated mobility influences this discourse. 11. Integration of cycling into future urban transport structures with connected and automated vehicles Looking at the future of mobility, Lutz Eichholz and Detlef Kurth show that the bike actually offers solutions to many of our current problems and that planning should not forget to integrate cycling into future urban transport structures and systems. 12. Against the driverless city Steven Fleming argues for a radical shift in cities towards a highly improved cycling infrastructure eradicating the need for automated mobility. Part III: Spatial development 13. Strategic spatial planning, “smart shrinking” and the deployment of CAVs in rural Japan Ian Banerjee and Tomoyuki Furutani show where automated mobility could help tackle pressing issues in rural Japan. 14. Integrated strategic planning approaches to automated transport in the context of the mobility transformation The authors show how new forms of automated mobility could be integrated into mobility systems in diverse spatial structures in the city region of Vienna with the overriding goal of the mobility transformation. 15. Opportunities from past mistakes: Land potential en route to an automated mobility system Looking at the mistakes made in building a car-centric environment in the past, Mathias Mitteregger and Aggelos Soteropoulos identify future areas of urban transformation as a result of a lower demand for car-centric infrastructures and businesses. Part IV: Governance 16. New governance concepts for digitalization: Challenges and potentials Alexander Hamedinger contextualizes the manifold paths towards an automated future with regard to governance and describes how governance concepts might need to adapt in the future. 17. How are automated vehicles driving spatial development in Switzerland? Fabienne Perret and Christof Abegg show how automated vehicles are influencing spatial development in Switzerland, focusing on three different scenarios on the road ahead. 18. Lessons from local transport transition projects for connected and automated transport Andrea Stickler looks at local projects aiming at a transformation of mobility practices and reflects on implications for automated transport. 19. Connected and automated transport in the socio-technical transition Jens S. Dangschat looks at societal transformations in the past and contextualizes automated mobility in terms of a possible socio-technical transition ahead. 20. Data-driven urbanism, digital platforms and the planning of MaaS in times of deep uncertainty: What does it mean for CAVs? Ian Banerjee, Peraphan Jittrapirom and Jens S. Dangschat show how continuous digitalization in cities might affect possible uses and implementations of CAVs and their accompanying systems.

Handbook of Research on Digitalization Solutions for Social and Economic Needs

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Publisher : IGI Global
ISBN 13 : 1668441039
Total Pages : 365 pages
Book Rating : 4.6/5 (684 download)

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Book Synopsis Handbook of Research on Digitalization Solutions for Social and Economic Needs by : Pettinger, Richard

Download or read book Handbook of Research on Digitalization Solutions for Social and Economic Needs written by Pettinger, Richard and published by IGI Global. This book was released on 2023-02-27 with total page 365 pages. Available in PDF, EPUB and Kindle. Book excerpt: Digital solutions are sufficiently versatile and agile to shape business processes and enterprise architecture, answer the COVID-19 crisis, solve climate change, temper political conflict, generate new employment operating models, and solve health issues. These solutions benefit businesses as an integral part of the economy and society and therefore must be studied further to ensure they are utilized appropriately. The Handbook of Research on Digitalization Solutions for Social and Economic Needs introduces the agile operating model that has triggered digital transformation and the plethora of ways it has become of practical use recently. The book also argues the business rationale of digitalization. Covering key topics such as innovation, sustainability, and business transformation, this major reference work is ideal for business owners, managers, computer scientists, industry professionals, researchers, scholars, academicians, librarians, policymakers, practitioners, educators, and students.

Business and Consumer Analytics: New Ideas

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Publisher : Springer
ISBN 13 : 3030062228
Total Pages : 1000 pages
Book Rating : 4.0/5 (3 download)

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Book Synopsis Business and Consumer Analytics: New Ideas by : Pablo Moscato

Download or read book Business and Consumer Analytics: New Ideas written by Pablo Moscato and published by Springer. This book was released on 2019-05-30 with total page 1000 pages. Available in PDF, EPUB and Kindle. Book excerpt: This two-volume handbook presents a collection of novel methodologies with applications and illustrative examples in the areas of data-driven computational social sciences. Throughout this handbook, the focus is kept specifically on business and consumer-oriented applications with interesting sections ranging from clustering and network analysis, meta-analytics, memetic algorithms, machine learning, recommender systems methodologies, parallel pattern mining and data mining to specific applications in market segmentation, travel, fashion or entertainment analytics. A must-read for anyone in data-analytics, marketing, behavior modelling and computational social science, interested in the latest applications of new computer science methodologies. The chapters are contributed by leading experts in the associated fields.The chapters cover technical aspects at different levels, some of which are introductory and could be used for teaching. Some chapters aim at building a common understanding of the methodologies and recent application areas including the introduction of new theoretical results in the complexity of core problems. Business and marketing professionals may use the book to familiarize themselves with some important foundations of data science. The work is a good starting point to establish an open dialogue of communication between professionals and researchers from different fields. Together, the two volumes present a number of different new directions in Business and Customer Analytics with an emphasis in personalization of services, the development of new mathematical models and new algorithms, heuristics and metaheuristics applied to the challenging problems in the field. Sections of the book have introductory material to more specific and advanced themes in some of the chapters, allowing the volumes to be used as an advanced textbook. Clustering, Proximity Graphs, Pattern Mining, Frequent Itemset Mining, Feature Engineering, Network and Community Detection, Network-based Recommending Systems and Visualization, are some of the topics in the first volume. Techniques on Memetic Algorithms and their applications to Business Analytics and Data Science are surveyed in the second volume; applications in Team Orienteering, Competitive Facility-location, and Visualization of Products and Consumers are also discussed. The second volume also includes an introduction to Meta-Analytics, and to the application areas of Fashion and Travel Analytics. Overall, the two-volume set helps to describe some fundamentals, acts as a bridge between different disciplines, and presents important results in a rapidly moving field combining powerful optimization techniques allied to new mathematical models critical for personalization of services. Academics and professionals working in the area of business anyalytics, data science, operations research and marketing will find this handbook valuable as a reference. Students studying these fields will find this handbook useful and helpful as a secondary textbook.

Electric and Plug-in Hybrid Vehicle Networks

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Publisher : CRC Press
ISBN 13 : 1498745008
Total Pages : 261 pages
Book Rating : 4.4/5 (987 download)

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Book Synopsis Electric and Plug-in Hybrid Vehicle Networks by : Emanuele Crisostomi

Download or read book Electric and Plug-in Hybrid Vehicle Networks written by Emanuele Crisostomi and published by CRC Press. This book was released on 2017-10-30 with total page 261 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores the behavior of networks of electric and hybrid vehicles. The topics that are covered include: energy management issues for aggregates of plug-in vehicles; the design of sharing systems to support electro-mobility; context awareness in the operation of electric and hybrid vehicles, and the role that this plays in a Smart City context; and tools to test and design massively large-scale networks of such vehicles. The book also introduces new and interesting control problems that are becoming prevalent in the EV-PHEV's context, as well as identifying some open questions. A particular focus of the book is on the opportunities afforded by networked actuation possibilities in electric and hybrid vehicles, and the role that such actuation may play in air-quality and emissions management.

Python for R Users

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Publisher : John Wiley & Sons
ISBN 13 : 1119126762
Total Pages : 369 pages
Book Rating : 4.1/5 (191 download)

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Book Synopsis Python for R Users by : Ajay Ohri

Download or read book Python for R Users written by Ajay Ohri and published by John Wiley & Sons. This book was released on 2017-11-13 with total page 369 pages. Available in PDF, EPUB and Kindle. Book excerpt: The definitive guide for statisticians and data scientists who understand the advantages of becoming proficient in both R and Python The first book of its kind, Python for R Users: A Data Science Approach makes it easy for R programmers to code in Python and Python users to program in R. Short on theory and long on actionable analytics, it provides readers with a detailed comparative introduction and overview of both languages and features concise tutorials with command-by-command translations—complete with sample code—of R to Python and Python to R. Following an introduction to both languages, the author cuts to the chase with step-by-step coverage of the full range of pertinent programming features and functions, including data input, data inspection/data quality, data analysis, and data visualization. Statistical modeling, machine learning, and data mining—including supervised and unsupervised data mining methods—are treated in detail, as are time series forecasting, text mining, and natural language processing. • Features a quick-learning format with concise tutorials and actionable analytics • Provides command-by-command translations of R to Python and vice versa • Incorporates Python and R code throughout to make it easier for readers to compare and contrast features in both languages • Offers numerous comparative examples and applications in both programming languages • Designed for use for practitioners and students that know one language and want to learn the other • Supplies slides useful for teaching and learning either software on a companion website Python for R Users: A Data Science Approach is a valuable working resource for computer scientists and data scientists that know R and would like to learn Python or are familiar with Python and want to learn R. It also functions as textbook for students of computer science and statistics. A. Ohri is the founder of Decisionstats.com and currently works as a senior data scientist. He has advised multiple startups in analytics off-shoring, analytics services, and analytics education, as well as using social media to enhance buzz for analytics products. Mr. Ohri's research interests include spreading open source analytics, analyzing social media manipulation with mechanism design, simpler interfaces for cloud computing, investigating climate change and knowledge flows. His other books include R for Business Analytics and R for Cloud Computing.

International Journal of Business Analytics (IJBAN).

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Publisher :
ISBN 13 : 9781466680647
Total Pages : pages
Book Rating : 4.6/5 (86 download)

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Book Synopsis International Journal of Business Analytics (IJBAN). by : John Wang

Download or read book International Journal of Business Analytics (IJBAN). written by John Wang and published by . This book was released on 2015 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

R for Business Analytics

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Publisher : Springer Science & Business Media
ISBN 13 : 1461443423
Total Pages : 322 pages
Book Rating : 4.4/5 (614 download)

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Book Synopsis R for Business Analytics by : A Ohri

Download or read book R for Business Analytics written by A Ohri and published by Springer Science & Business Media. This book was released on 2012-09-14 with total page 322 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines common tasks performed by business analysts and helps the reader navigate the wealth of information in R and its 4000 packages to create useful analytics applications. Includes interviews with corporate users of R, and easy-to-use examples.

Data Analytics for Intelligent Transportation Systems

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Publisher : Elsevier
ISBN 13 : 0443138796
Total Pages : 572 pages
Book Rating : 4.4/5 (431 download)

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Book Synopsis Data Analytics for Intelligent Transportation Systems by : Mashrur Chowdhury

Download or read book Data Analytics for Intelligent Transportation Systems written by Mashrur Chowdhury and published by Elsevier. This book was released on 2024-11-02 with total page 572 pages. Available in PDF, EPUB and Kindle. Book excerpt: Data Analytics for Intelligent Transportation Systems provides in-depth coverage of data-enabled methods for analyzing intelligent transportation systems (ITS), including the tools needed to implement these methods using big data analytics and other computing techniques. The book examines the major characteristics of connected transportation systems, along with the fundamental concepts of how to analyze the data they produce. It explores collecting, archiving, processing, and distributing the data, designing data infrastructures, data management and delivery systems, and the required hardware and software technologies. It presents extensive coverage of existing and forthcoming intelligent transportation systems and data analytics technologies. All fundamentals/concepts presented in this book are explained in the context of ITS. Users will learn everything from the basics of different ITS data types and characteristics to how to evaluate alternative data analytics for different ITS applications. They will discover how to design effective data visualizations, tactics on the planning process, and how to evaluate alternative data analytics for different connected transportation applications, along with key safety and environmental applications for both commercial and passenger vehicles, data privacy and security issues, and the role of social media data in traffic planning. Data Analytics for Intelligent Transportation Systems will prepare an educated ITS workforce and tool builders to make the vision for safe, reliable, and environmentally sustainable intelligent transportation systems a reality. It serves as a primary or supplemental textbook for upper-level undergraduate and graduate ITS courses and a valuable reference for ITS practitioners. - Utilizes real ITS examples to facilitate a quicker grasp of materials presented - Contains contributors from both leading academic and commercial domains - Explains how to design effective data visualizations, tactics on the planning process, and how to evaluate alternative data analytics for different connected transportation applications - Includes exercise problems in each chapter to help readers apply and master the learned fundamentals, concepts, and techniques - New to the second edition: Two new chapters on Quantum Computing in Data Analytics and Society and Environment in ITS Data Analytics

Application of Intelligent Systems in Multi-modal Information Analytics

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Publisher : Springer Nature
ISBN 13 : 3030514315
Total Pages : 815 pages
Book Rating : 4.0/5 (35 download)

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Book Synopsis Application of Intelligent Systems in Multi-modal Information Analytics by : Vijayan Sugumaran

Download or read book Application of Intelligent Systems in Multi-modal Information Analytics written by Vijayan Sugumaran and published by Springer Nature. This book was released on 2020-07-23 with total page 815 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents the proceedings of the 2020 International Conference on Intelligent Systems Applications in Multi-modal Information Analytics, held in Changzhou, China, on June 18–19, 2020. It provides comprehensive coverage of the latest advances and trends in information technology, science and engineering. It addresses a number of broad themes, including data mining, multi-modal informatics, agent-based and multi-agent systems for health and education informatics, which inspire the development of intelligent information technologies. The contributions cover a wide range of topics such as AI applications and innovations in health and education informatics; data and knowledge management; multi-modal application management; and web/social media mining for multi-modal informatics. Outlining promising future research directions, the book is a valuable resource for students, researchers and professionals, and a useful reference guide for newcomers to the field.

The Fourth Industrial Revolution

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Publisher : Crown Currency
ISBN 13 : 1524758876
Total Pages : 194 pages
Book Rating : 4.5/5 (247 download)

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Book Synopsis The Fourth Industrial Revolution by : Klaus Schwab

Download or read book The Fourth Industrial Revolution written by Klaus Schwab and published by Crown Currency. This book was released on 2017-01-03 with total page 194 pages. Available in PDF, EPUB and Kindle. Book excerpt: World-renowned economist Klaus Schwab, Founder and Executive Chairman of the World Economic Forum, explains that we have an opportunity to shape the fourth industrial revolu­tion, which will fundamentally alter how we live and work. Schwab argues that this revolution is different in scale, scope and complexity from any that have come before. Characterized by a range of new technologies that are fusing the physical, digital and biological worlds, the developments are affecting all disciplines, economies, industries and governments, and even challenging ideas about what it means to be human. Artificial intelligence is already all around us, from supercomputers, drones and virtual assistants to 3D printing, DNA sequencing, smart thermostats, wear­able sensors and microchips smaller than a grain of sand. But this is just the beginning: nanomaterials 200 times stronger than steel and a million times thinner than a strand of hair and the first transplant of a 3D printed liver are already in development. Imagine “smart factories” in which global systems of manu­facturing are coordinated virtually, or implantable mobile phones made of biosynthetic materials. The fourth industrial revolution, says Schwab, is more significant, and its ramifications more profound, than in any prior period of human history. He outlines the key technologies driving this revolution and discusses the major impacts expected on government, business, civil society and individu­als. Schwab also offers bold ideas on how to harness these changes and shape a better future—one in which technology empowers people rather than replaces them; progress serves society rather than disrupts it; and in which innovators respect moral and ethical boundaries rather than cross them. We all have the opportunity to contribute to developing new frame­works that advance progress.

Powering the Digital Economy: Opportunities and Risks of Artificial Intelligence in Finance

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1589063953
Total Pages : 35 pages
Book Rating : 4.5/5 (89 download)

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Book Synopsis Powering the Digital Economy: Opportunities and Risks of Artificial Intelligence in Finance by : El Bachir Boukherouaa

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.