The Opportunities Of Uncertainties Flexibility And Adaptation Needed In Current Climate Volume Ii Ict And Engineering

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THE OPPORTUNITIES OF UNCERTAINTIES: FLEXIBILITY AND ADAPTATION NEEDED IN CURRENT CLIMATE Volume II (ICT and Engineering)

Author : Dr. Shahana A. M., Dr. A. Sivakumar & Mr. V. Parthiban
Publisher : Lulu Publication
ISBN 13 : 1300395826
Total Pages : 292 pages
Book Rating : 4.3/5 (3 download)

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Book Synopsis THE OPPORTUNITIES OF UNCERTAINTIES: FLEXIBILITY AND ADAPTATION NEEDED IN CURRENT CLIMATE Volume II (ICT and Engineering) by : Dr. Shahana A. M., Dr. A. Sivakumar & Mr. V. Parthiban

Download or read book THE OPPORTUNITIES OF UNCERTAINTIES: FLEXIBILITY AND ADAPTATION NEEDED IN CURRENT CLIMATE Volume II (ICT and Engineering) written by Dr. Shahana A. M., Dr. A. Sivakumar & Mr. V. Parthiban and published by Lulu Publication. This book was released on 2021-06-25 with total page 292 pages. Available in PDF, EPUB and Kindle. Book excerpt: IOTA is a novel cryptocurrency that uses distributed ledger technology based on directed acyclic graph data structure. Security of cryptocurrencies ought to be scrutinized in order to acquire esteemed security, attain trust, and accomplish indelible adoption. Although IOTA prefers resilient security controls, IOTA security is not yet well explored. Among all the propounded IOTA vulnerabilities that have been identified, we pragmatically exploit replay attack against IOTA. It further analyze the attack to perceive its impact. Attack methodology and proof of concept for the replay attack is presented. Our proposed exploitation methodology is based upon address reuse, while IOTA in default mode does not reuse addresses. Distrust and privation of balance can be some of the severe impacts of this vulnerability. This system introduces the Crypto Terminal, a new open device for securing blockchain wallets.

THE OPPORTUNITIES OF UNCERTAINTIES: FLEXIBILITY AND ADAPTATION NEEDED IN CURRENT CLIMATE Volume I (Social Science and ICT)

Author : Dr. Shahana A. M., Dr. A. Sivakumar & Mr. V. Parthiban
Publisher : Lulu Publication
ISBN 13 : 1300397241
Total Pages : 343 pages
Book Rating : 4.3/5 (3 download)

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Book Synopsis THE OPPORTUNITIES OF UNCERTAINTIES: FLEXIBILITY AND ADAPTATION NEEDED IN CURRENT CLIMATE Volume I (Social Science and ICT) by : Dr. Shahana A. M., Dr. A. Sivakumar & Mr. V. Parthiban

Download or read book THE OPPORTUNITIES OF UNCERTAINTIES: FLEXIBILITY AND ADAPTATION NEEDED IN CURRENT CLIMATE Volume I (Social Science and ICT) written by Dr. Shahana A. M., Dr. A. Sivakumar & Mr. V. Parthiban and published by Lulu Publication. This book was released on 2021-06-25 with total page 343 pages. Available in PDF, EPUB and Kindle. Book excerpt: Uncertainty is a circumstance in one’s life. Individual differ in their approach to handle uncertainty. Intolerance to uncertainty is influenced by various factors, such as personality, cognitive aspects and uncertainty, neuro biological aspects of uncertainty. When one understands how intolerance to uncertainty is developed and makes individual vulnerable. We can strength the psychological mind set to face uncertainty.

Internet of Things

Author : Niranjan Lal
Publisher : CRC Press
ISBN 13 : 1000848094
Total Pages : 307 pages
Book Rating : 4.0/5 (8 download)

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Book Synopsis Internet of Things by : Niranjan Lal

Download or read book Internet of Things written by Niranjan Lal and published by CRC Press. This book was released on 2023-05-03 with total page 307 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is a compendium of various applications and current progress in a powerful technology known as the Internet of Things (IoT). IoT provides a system of interconnecting things such as vehicles, electrical equipment, agriculture devices, etc. Such items are allocated with the computing device so that they can use a network to transfer data to one another and automate their actions on certain events. Internet of Things: Applications for Sustainable Development will throw light on recent developments in the latest field and will be of great interest to know various application areas for sustainable development. This book mainly focuses on the current state of the art, including protocol design and low-cost sensor design, for the sustainable development of society using IoT. The sustainable development areas include climate, healthcare systems, electrical systems, and energy that can meet present and next-generation advancement using IoT. Sustainable development faces various issues, challenges, opportunities, and future enhancements with the latest technologies, hardware, and software. Features: A real-world problem-solving approach for diversified problems Potential contributors from industries/academia have been given the opportunity to publish their work Identification of various challenges in IoT for future contributions Diversified coverage of the book, including applications, securities, industrialization, automation, etc IoT for the sustainable development areas This book will offer strong support as a reference book for students, practitioners, researchers, and scientific investigators worldwide, as well as anyone who wants to set up IoT-enabled industries. It provides pertinent industries with new ideas and innovations to visionaries.

Climate Adaptation Futures

Author : Jean P. Palutikof
Publisher : John Wiley & Sons
ISBN 13 : 1118529472
Total Pages : 450 pages
Book Rating : 4.1/5 (185 download)

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Book Synopsis Climate Adaptation Futures by : Jean P. Palutikof

Download or read book Climate Adaptation Futures written by Jean P. Palutikof and published by John Wiley & Sons. This book was released on 2013-02-04 with total page 450 pages. Available in PDF, EPUB and Kindle. Book excerpt: Adaptation is the poor cousin of the climate change challenge - the glamour of international debate is around global mitigation agreements, while the bottom-up activities of adaptation, carried out in community halls and local government offices, are often overlooked. Yet, as international forums fail to deliver reductions in greenhouse gas emissions, the world is realising that effective adaptation will be essential across all sectors to deal with the unavoidable impacts of climate change. The need to understand how to adapt effectively, and to develop appropriate adaptation options and actions, is becoming increasingly urgent. This book reports the current state of knowledge on climate change adaptation, and seeks to expose and debate key issues in adaptation research and practice. It is framed around a number of critical areas of adaptation theory and practice, including: Advances in adaptation thinking, Enabling frameworks and policy for adaptation, Engaging and communicating with practitioners, Key challenges in adaptation and development, Management of natural systems and agriculture under climate change, Ensuring water security under a changing climate, Urban infrastructure and livelihoods, and The nexus between extremes, disaster management and adaptation. It includes contributions from many of the leading thinkers and practitioners in adaptation today. The book is based on key contributions from the First International Conference on Climate Change Adaptation ‘Climate Adaptation Futures’, held on the Gold Coast, Australia, in June 2010. That three-day meeting of over 1000 researchers and practitioners in adaptation from 50 countries was the first of its kind. Readership: The book is essential reading for a wide range of individuals involved in climate change adaptation, including: Researchers, Communication specialists, Decision-makers and policy makers (e.g. government staff, local council staff), On-ground adaptation practitioners (e.g. aid agencies, government workers, NGOs), Postgraduate and graduate students, and Consultants.

Climate

Author : Igor Linkov
Publisher : Springer Science & Business Media
ISBN 13 : 9400717725
Total Pages : 591 pages
Book Rating : 4.4/5 (7 download)

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Book Synopsis Climate by : Igor Linkov

Download or read book Climate written by Igor Linkov and published by Springer Science & Business Media. This book was released on 2011-08-26 with total page 591 pages. Available in PDF, EPUB and Kindle. Book excerpt: Rising sea levels and altered weather patterns are expected to significantly alter coastal and inland environments for humans, infrastructure and ecosystems. Potential land-use changes and population increases, coupled with uncertain predictions for sea level rise and storm frequency/intensity represent a significant planning challenge. While efforts to mitigate climate change continue, plans must be made to adapt to the risks that climate change poses to humans, infrastructure, and ecosystems alike. This book addresses integrated environmental assessment and management as part of the nexus of climate change adaptation. Risk analysis has emerged as a useful approach to guide assessment, communication and management of security risks. However, with respect to climate change, an integrated, multi-criteria, multi-hazard, risk-informed decision framework is desirable for evaluating adaptation strategies. The papers in Part 1 summarize societal and political needs for climate change adaptation. Part 2 includes papers summarizing the state of the art in climate change adaptation. Three further parts cover: the process of change in coastal regions, in inland regions, and, finally, the potential challenges to homeland security for national governments. Each of these parts reviews achievements, identifies gaps in current knowledge, and suggests research priorities.

Beyond Downscaling

Author : Kara N. DiFrancesco, Patrick Ray
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 62 pages
Book Rating : 4./5 ( download)

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Book Synopsis Beyond Downscaling by : Kara N. DiFrancesco, Patrick Ray

Download or read book Beyond Downscaling written by Kara N. DiFrancesco, Patrick Ray and published by World Bank Publications. This book was released on 2014 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt: Climate change adds uncertainty to already complex global water challenges. Because climate change affects poorer countries and vulnerable populations the most, the World Bank strives to mainstream climate change considerations into its operations to inform investment and water resources management decisions. Although no standard method has been adopted yet by the Bank, common practice used downscaled projected precipitation and temperature from Global Climate Models (GCMs), as input to hydrologic models. While this has been useful in some applications, they often give too wide a dispersion of readings to provide useful guidance for site-specific water resources management and infrastructure planning and design. Rather than design for an uncertain situation selected a priori, the so-called “bottom-up” approaches explore the sensitivity of a chosen project to the effects of uncertainties caused by climate change. This book summarizes alternatives explored by a group of organizations (such as the U.S. Corps of Engineers, Conservation International, the University of Massachusetts and the Bank) all belonging to the Alliance for Global Water Adaptation (AGWA), to provide practitioners with the tools to adapt to the realities of climate change by following a decision-making process that incorporates bottom-up thinking.

The Uncertainty Business

Author : W. J. Maunder
Publisher : Routledge
ISBN 13 : 1000692272
Total Pages : 451 pages
Book Rating : 4.0/5 (6 download)

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Book Synopsis The Uncertainty Business by : W. J. Maunder

Download or read book The Uncertainty Business written by W. J. Maunder and published by Routledge. This book was released on 2019-10-28 with total page 451 pages. Available in PDF, EPUB and Kindle. Book excerpt: Originally published in 1986, this book discusses the value of weather and climate information in government and business decision-making. It issues a strong manifesto for the development of new areas of research requiring the skills of weather scientists, geographers, economists, planners and political scientists. It offers a coherent and non-technical presentation of this climatology, supported with practical guidance on assessing the impacts of weather and climate on human affairs.

Water Management and Climate Change

Author : Cecilia Tortajada
Publisher : Routledge
ISBN 13 : 1317611276
Total Pages : 187 pages
Book Rating : 4.3/5 (176 download)

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Book Synopsis Water Management and Climate Change by : Cecilia Tortajada

Download or read book Water Management and Climate Change written by Cecilia Tortajada and published by Routledge. This book was released on 2016-04-14 with total page 187 pages. Available in PDF, EPUB and Kindle. Book excerpt: To plan successfully and manage the increased uncertainties posed by likely future climate change, knowledge needs to advance much more for the water profession beyond what it is now available. Meeting these challenges does not depend exclusively on advances in climatological-hydrologic models. Policies for adaptation and strategies for mitigation measures have to be formulated on the basis of what are likely to be the potential impacts. These will have to be regularly fine-tuned and implemented according to changing needs and as more reliable knowledge and data become available. Even more challenging will be the politics of policy making and implementation, which will require a quantum leap from current policy-making and implementation processes. One can even say that, in addition to the development of more reliable models, the politics of climate change and water management remains one of the greatest uncertainties for the water profession. This book addresses water management practices and how these should and could be modified to cope with climatic and other related uncertainties over the next two to three decades; the types of strategies and good practices that may be available or have to be developed to cope with the current and expected uncertainties in relation to climate change; and the types of knowledge, information and technological developments needed to incorporate possible future climate change impacts within the framework of water resources management. Decision making in the water sector under changing climate and related uncertainties, and societal water security under altering and fluctuating climate are also discussed. Several case studies are included from several basins, cities, regions and countries in both developed and non-developing countries. This book was published as a special issue of the International Journal of Water Resources Development.

Routledge Handbook of the Economics of Climate Change Adaptation

Author : Anil Markandya
Publisher : Routledge
ISBN 13 : 1136212124
Total Pages : 462 pages
Book Rating : 4.1/5 (362 download)

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Book Synopsis Routledge Handbook of the Economics of Climate Change Adaptation by : Anil Markandya

Download or read book Routledge Handbook of the Economics of Climate Change Adaptation written by Anil Markandya and published by Routledge. This book was released on 2014-01-03 with total page 462 pages. Available in PDF, EPUB and Kindle. Book excerpt: Climate change is one of the greatest challenges facing human kind owing to the great uncertainty regarding future impacts, which affect all regions and many ecosystems. Many publications deal with economic issues relating to mitigation policies, but the economics of adaptation to climate change has received comparatively little attention. However, this area is is critical and a central pillar of any adaptation strategy or plan and is the economic dimension, which therefore merits the increase in attention it is receiving. This book deals with the difficulties that face the economics of adaptation. Critical issues include: uncertainty; baselines; reversibility, flexibility and adaptive management; distributional impacts; discount rates and time horizons; mixing monetary and non-monetary evaluations and limits to the use of cost-benefit analysis; economy-wide impacts and cross-sectoral linkages. All of these are addressed in the book from the perspective of economics of adaptation. Other dimensions of adaptation are also included, such as the role of low- and middle-income countries, technology and the impacts of extreme events. This timely book will prove essential reading for international researchers and policy makers in the fields of natural resources, environmental economics and climate change.

Adapting to an Uncertain Climate

Author : Tiago Capela Lourenço
Publisher : Springer
ISBN 13 : 9783319048772
Total Pages : 182 pages
Book Rating : 4.0/5 (487 download)

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Book Synopsis Adapting to an Uncertain Climate by : Tiago Capela Lourenço

Download or read book Adapting to an Uncertain Climate written by Tiago Capela Lourenço and published by Springer. This book was released on 2014-05-01 with total page 182 pages. Available in PDF, EPUB and Kindle. Book excerpt: Climate change highlights the challenges for long-term policy making in the face of persistent and irreducible levels of uncertainties. It calls for the development of flexible approaches, innovative governance and other elements that contribute to effective and adaptive decision-making. Exploring these new approaches is also a challenge for those involved in climate research and development of adaptation policy. The book provides a dozen real-life examples of adaptation decision making in the form of case studies: · Water supply management in Portugal, England and Wales and Hungary · Flooding, including flood risk in Ireland, coastal flooding and erosion in Southwest France, and flood management in Australia’s Hutt River region · Transport and utilities, including the Austrian Federal railway system, public transit in Dresden, and Québec hydro-electric power · Report examining communication of large numbers of climate scenarios in Dutch climate adaptation workshops.

Climate Change Adaptation in Practice

Author : Philipp Schmidt-Thome
Publisher : Wiley-Blackwell
ISBN 13 : 9780470977002
Total Pages : 0 pages
Book Rating : 4.9/5 (77 download)

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Book Synopsis Climate Change Adaptation in Practice by : Philipp Schmidt-Thome

Download or read book Climate Change Adaptation in Practice written by Philipp Schmidt-Thome and published by Wiley-Blackwell. This book was released on 2013-05-28 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Climate change adaptation is increasingly recognized as complementary part to climate change mitigation. Climate change affects sea level, the extent of flood prone areas and precipitation patterns among many others. To adapt to these changes, the tasks of municipalities and cities are to implement policies and strategies for changes in land use and coastal management as part of their future development. It is of vital importance to address the uncertainties of climate change scenarios when proposing adaptation measures that are socially viable and economically reasonable. The decision making process, promoted here, is based on scientific excellence as well on an integrated communication process. This book provides a comprehensive overview of key elements required for effective analysis and assessment of climate change impacts, economic cost-benefit analysis, communication processes and creation and transfer of knowledge, governance issues and implementation of related policies. It describes the results achieved by the BaltCICA (www.baltcica.org) project whose contributors come from the scientific and public administration communities. The regional cooperation has led to the implementation of climate change adaptation in several case studies. The BaltCICA project developed concepts, methodologies and tools for climate change adaptation that can be translated across other global regions. Scientists and students working on the development of climate change and adaptation strategies; public administrators in the related fields on local, regional and state level including environment, water management, civil defense; as well as professionals working with adaptation technologies, including engineering, technological solutions, urban planning agencies and construction, will value this innovative book.

Climate Change and Vulnerability and Adaptation

Author : Neil Leary
Publisher :
ISBN 13 : 9781138002104
Total Pages : 0 pages
Book Rating : 4.0/5 (21 download)

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Book Synopsis Climate Change and Vulnerability and Adaptation by : Neil Leary

Download or read book Climate Change and Vulnerability and Adaptation written by Neil Leary and published by . This book was released on 2014-08-15 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: 'Sound and solid case studies on vulnerability and adaptation have been woefully lacking in the international discourse on climate change. This set of books begins to bridge the gap.' Achim Steiner, UN Under-Secretary General and Executive Director of United Nations Environment Programme 'Important reading for students and practitioners alike.' Martin Parry, Co-Chair, Working Group II (Impacts, Adaptation and Vulnerability), Intergovernmental Panel on Climate Change (IPCC) 'Fills an important gap in our understanding ... It is policy-relevant and deserves to be widely read.' Richard Klein, Senior Research Fellow, Stockholm Environment Institute (SEI), Sweden The Intergovernmental Panel on Climate Change (IPCC) concluded in its 2001 report that much of the developing world is highly vulnerable to adverse impacts from climate change. But the IPCC also concluded that the vulnerabilities of developing countries are too little studied and too poorly understood to enable determination of adaptation strategies that would be effective at reducing risks. These authoritative volumes, resulting from the work of the Assessments of Impacts and Adaptations to Climate Change (AIACC) project launched by the IPCC in 2002, are the first to provide a comprehensive investigation of the issues at stake. Climate Change and Vulnerability discusses who is vulnerable to climate change, the nature of their vulnerability and the causes of their vulnerability for parts of the world that have been poorly researched until now. Climate Change and Adaptation covers current practices for managing climate risks to food security, water resources, livelihoods, human health and infrastructure, needs for effective management of climate risks, the changing nature of the risks, strategies for adaptation, and the need to integrate these strategies into development planning and resource management.

Global Trends 2040

Author : National Intelligence Council
Publisher : Cosimo Reports
ISBN 13 : 9781646794973
Total Pages : 158 pages
Book Rating : 4.7/5 (949 download)

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Book Synopsis Global Trends 2040 by : National Intelligence Council

Download or read book Global Trends 2040 written by National Intelligence Council and published by Cosimo Reports. This book was released on 2021-03 with total page 158 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The ongoing COVID-19 pandemic marks the most significant, singular global disruption since World War II, with health, economic, political, and security implications that will ripple for years to come." -Global Trends 2040 (2021) Global Trends 2040-A More Contested World (2021), released by the US National Intelligence Council, is the latest report in its series of reports starting in 1997 about megatrends and the world's future. This report, strongly influenced by the COVID-19 pandemic, paints a bleak picture of the future and describes a contested, fragmented and turbulent world. It specifically discusses the four main trends that will shape tomorrow's world: - Demographics-by 2040, 1.4 billion people will be added mostly in Africa and South Asia. - Economics-increased government debt and concentrated economic power will escalate problems for the poor and middleclass. - Climate-a hotter world will increase water, food, and health insecurity. - Technology-the emergence of new technologies could both solve and cause problems for human life. Students of trends, policymakers, entrepreneurs, academics, journalists and anyone eager for a glimpse into the next decades, will find this report, with colored graphs, essential reading.

Engineering for Sustainable Development

Author : International Centre for Engineering Education
Publisher : UNESCO Publishing
ISBN 13 : 9231004379
Total Pages : 183 pages
Book Rating : 4.2/5 (31 download)

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Book Synopsis Engineering for Sustainable Development by : International Centre for Engineering Education

Download or read book Engineering for Sustainable Development written by International Centre for Engineering Education and published by UNESCO Publishing. This book was released on 2021-03-02 with total page 183 pages. Available in PDF, EPUB and Kindle. Book excerpt: The report highlights the crucial role of engineering in achieving each of the 17 SDGs. It shows how equal opportunities for all is key to ensuring an inclusive and gender balanced profession that can better respond to the shortage of engineers for implementing the SDGs. It provides a snapshot of the engineering innovations that are shaping our world, especially emerging technologies such as big data and AI, which are crucial for addressing the pressing challenges facing humankind and the planet. It analyses the transformation of engineering education and capacity-building at the dawn of the Fourth Industrial Revolution that will enable engineers to tackle the challenges ahead. It highlights the global effort needed to address the specific regional disparities, while summarizing the trends of engineering across the different regions of the world.

Enhancing the Climate Resilience of Africa's Infrastructure

Author : Raffaello Cervigni
Publisher : World Bank Publications
ISBN 13 : 1464804672
Total Pages : 216 pages
Book Rating : 4.4/5 (648 download)

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Book Synopsis Enhancing the Climate Resilience of Africa's Infrastructure by : Raffaello Cervigni

Download or read book Enhancing the Climate Resilience of Africa's Infrastructure written by Raffaello Cervigni and published by World Bank Publications. This book was released on 2015-09-01 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt: To sustain Africa’s growth, and accelerate the eradication of extreme poverty, investment in infrastructure is fundamental. In 2010, the Africa Infrastructure Country Diagnostic found that to enable Africa to fill its infrastructure gap, some US$ 93 billion per year for the next decade will need to be invested. The Program for Infrastructure Development in Africa (PIDA), endorsed in 2012 by the continent’s Heads of State and Government, lays out an ambitious long-term plan for closing Africa’s infrastructure including trough step increases in hydroelectric power generation and water storage capacity. Much of this investment will support the construction of long-lived infrastructure (e.g. dams, power stations, irrigation canals), which may be vulnerable to changes in climatic patterns, the direction and magnitude of which remain significantly uncertain. Enhancing the Climate Resilience of Africa 's Infrastructure evaluates -using for the first time a single consistent methodology and the state-of-the-arte climate scenarios-, the impacts of climate change on hydro-power and irrigation expansion plans in Africa’s main rivers basins (Niger, Senegal, Volta, Congo, Nile, Zambezi, Orange); and outlines an approach to reduce climate risks through suitable adjustments to the planning and design process. The book finds that failure to integrate climate change in the planning and design of power and water infrastructure could entail, in scenarios of drying climate conditions, losses of hydropower revenues between 5% and 60% (depending on the basin); and increases in consumer expenditure for energy up to 3 times the corresponding baseline values. In in wet climate scenarios, business-as-usual infrastructure development could lead to foregone revenues in the range of 15% to 130% of the baseline, to the extent that the larger volume of precipitation is not used to expand the production of hydropower. Despite the large uncertainty on whether drier or wetter conditions will prevail in the future in Africa, the book finds that by modifying existing investment plans to explicitly handle the risk of large climate swings, can cut in half or more the cost that would accrue by building infrastructure on the basis of the climate of the past.

Educational Research and Innovation Innovating Education and Educating for Innovation The Power of Digital Technologies and Skills

Download Educational Research and Innovation Innovating Education and Educating for Innovation The Power of Digital Technologies and Skills PDF Online Free

Author : OECD
Publisher : OECD Publishing
ISBN 13 : 9264265090
Total Pages : 152 pages
Book Rating : 4.2/5 (642 download)

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Book Synopsis Educational Research and Innovation Innovating Education and Educating for Innovation The Power of Digital Technologies and Skills by : OECD

Download or read book Educational Research and Innovation Innovating Education and Educating for Innovation The Power of Digital Technologies and Skills written by OECD and published by OECD Publishing. This book was released on 2016-09-26 with total page 152 pages. Available in PDF, EPUB and Kindle. Book excerpt: OECD’s Innovation Strategy calls upon all sectors in the economy and society to innovate in order to foster productivity, growth and well-being. Education systems are critically important for innovation through the development of skills that nurture new ideas and technologies.

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

Author : El Bachir Boukherouaa
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.