Henrik Landgren, analytics partner at EQT Ventures, discusses how data is power when it comes to making decisions.
As the Industrial Revolution unfolded two centuries ago, economists and intellectuals were united in their concern that “The Machinery Question” was going to ruin the lives of working people.
Broadly speaking, however, the lives of contemporary citizens are better than those of their predecessors; for example, advances in robotics enables those with certain physical disabilities to have a much better quality of life.
Beforehand, the fear was that the introduction of machinery would make humans redundant, decimate livelihoods, and fracture society to an irreparable degree.
Thanks to advances in artificial intelligence (AI) and machine learning, the same debate is currently unfolding once again. Now propelled into 2018, it’s clear that the lasting effects of the Industrial Revolution’s machinery has been to create more jobs than were depleted – and so we can certainly hope the same is true for AI. In fact, as AI pervades the workplace, people are not only learning to live with their new robot counterparts but even embracing them as colleagues – ultimately, for the benefit of humans....