AI, Blockchain, and Technological Change

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Questions and Answers

What are some emerging technologies?

AI, blockchain, and IoT are emerging technologies.

What are some of the uses of predictive analytics?

Predicting future trends and outcomes and helping businesses make informed decisions.

What is one business that uses AI to enhance customer satisfaction?

e-commerce

What do self-driving cars promise?

<p>Increased safety and efficiency</p> Signup and view all the answers

Name the cryptocurrencies that use blockchain for safe transactions.

<p>Bitcoin and Ethereum</p> Signup and view all the answers

What does Walmart track using blockchain?

<p>Products</p> Signup and view all the answers

Which company uses blockchain for secure digital identities?

<p>IBM</p> Signup and view all the answers

Name devices that automate home functions.

<p>Nest and Philips Hue</p> Signup and view all the answers

Name a city that uses IoT to manage traffic and resources.

<p>Barcelona</p> Signup and view all the answers

What offers immersive gaming experiences?

<p>Oculus and PlayStation VR</p> Signup and view all the answers

Name a company where customers can visualize furniture.

<p>IKEA</p> Signup and view all the answers

What do surgeons use to improve surgical accuracy?

<p>AR</p> Signup and view all the answers

What can quantum computers simulate?

<p>Molecular interactions</p> Signup and view all the answers

What does quantum computing optimize?

<p>Investment strategies</p> Signup and view all the answers

What kind of cryptography might quantum computers be able to break?

<p>Current encryption methods</p> Signup and view all the answers

What is one result of algorithms reflecting societal biases?

<p>Discriminatory outcomes</p> Signup and view all the answers

What is crucial with job displacement?

<p>Upskilling and reskilling</p> Signup and view all the answers

What should be prioritized with responsible development?

<p>Ethical deployment</p> Signup and view all the answers

Flashcards

Predictive Analytics

AI algorithms that analyze vast datasets to predict future trends and outcomes, aiding informed business decisions.

Personalized Experiences

AI that tailors recommendations in medicine and e-commerce, boosting customer engagement and satisfaction.

Autonomous Systems

Self-driving vehicles that increase safety and efficiency in transportation, led by companies like Waymo and Tesla.

Cryptocurrency

Digital currencies utilizing blockchain for secure transactions; examples include Bitcoin and Ethereum.

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Supply Chain Management

Using blockchain to track products, enhancing supply chain transparency and reducing fraud, as implemented by Walmart.

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Smart Homes

IoT devices, like Nest and Philips Hue, automating home functions for convenience and energy savings.

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Industrial Automation

IoT sensors optimizing manufacturing processes to increase efficiency and reduce downtime.

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VR Gaming

VR simulations offer immersive gaming experiences on Oculus and PlayStation VR.

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AI Bias and Fairness

Algorithms can reflect societal biases, leading to discriminatory outcomes. Ensuring fairness is vital.

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Job Displacement

Automation impacts the workforce, making upskilling and reskilling crucial for adapting to job displacement.

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Study Notes

  • Constant technological change is reshaping industries
  • Key emerging technologies include AI, blockchain, and IoT
  • Understanding these trends is critical for future success

Artificial Intelligence (AI) & Machine Learning (ML)

  • AI algorithms analyze vast datasets for predictive analytics
  • AI algorithms can predict future trends and outcomes to help businesses make informed decisions
  • Personalized user experiences are enhanced through the use of AI, enabling personalized recommendations in medicine and e-commerce
  • Customer engagement and satisfaction are improved with AI
  • Self-driving cars are revolutionizing transportation with the promise of increased safety and efficiency
  • Waymo and Tesla are leading companies in autonomous systems

Blockchain Technology

  • Bitcoin and Ethereum use blockchain for secure transactions as digital currencies
  • Supply chain management is improved with Walmart's use of blockchain to track products
  • Transparency is increased and fraud is reduced through use of blockchain
  • Digital identities are secured using blockchain by IBM to protect personal information online

Internet of Things (IoT)

  • Smart homes automate with devices like Nest and Philips Hue
  • Home functions are automated to offer convenience and energy savings
  • Industrial automation optimizes manufacturing processes through use of IoT sensors
  • Efficiency is increased and downtime is reduced in manufacturing with the use of IoT sensors
  • Smart cities use IoT to manage traffic and resources such as in Barcelona, improving urban living

Augmented Reality (AR) & Virtual Reality (VR)

  • Immersive gaming experiences are offered by Oculus and PlayStation VR
  • Realistic training environments are created through VR simulations
  • Retail experiences are enhanced as IKEA Place lets customers visualize furniture in their homes
  • Surgical accuracy is improved in healthcare through the use of AR

Quantum Computing

  • Drug discovery is accelerated as Quantum computers simulate molecular interactions
  • New materials are designed with unique properties using Quantum computing
  • Investment strategies are optimized utilizing financial modeling in Quantum computing
  • Quantum resistant cryptography is vital as existing encryption methods could be broken

Ethical Considerations

  • Algorithms can reflect societal biases, leading to discriminatory outcomes in AI Bias and Fairness
  • Data privacy and security should balance innovation with individual rights and ensure GDPR compliance
  • Job Displacement from automation impacts the workforce, and upskilling and reskilling are crucial
  • Responsible development should ensure technologies benefit humanity and prioritize ethical deployment.

A Call to Action

  • Embrace the Future by taking action
  • Stay informed, Experiment, Invest, and Engage
  • Continuously learn, explore applications, and develop key skills
  • Shape the future responsibly because the future is created together

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