Navigating the New Industrial Revolution….

Tuesday 8th November 2016

In this issue of Money Truths….

  • To paint a vivid picture….
  • The rise of the neo-Luddite?
  • Our impending demise has been over-stated….
  • A never-ending Woodstock? Sounds like the real nightmare….
  • The New Industrial Revolution….

To paint a vivid picture….

Headline writers love to paint vivid pictures….

It doesn’t matter how disconnected the headline is from the truth – only that it grabs attention and provokes response….

Newspapers and magazines depend on advertising. Without it they perish. Attention-grabbing headlines help secure that revenue.

Headlines attract readers by pandering to their fears and prejudices. The bolder the headline, the better its prospects of attracting eyeballs – the readership on which the publication sets advertising rates.

Recently the newspapers have been boldly painting a picture of a dystopian future where robots take over and humans are surplus to requirements.

It’s a headline writer’s dream. A science-fiction plot open to all manner of wild speculation – and playing on the fear that machines will rob us of our ability to earn….

And it helps when a luminary like Stephen Hawking confirms that robots will take over. It enables sub-editors to print headlines like the one that recently appeared in the Independent….… Click here to read more

Bank on skills the robots don’t have….

Tuesday 1st November 2016

In this issue of Money Truths….

  • The future will arrive sooner than you expect….
  • Our cognitive trump card has been played out….
  • Lets’ get emotional and psychological….
  • The human touch has value….
  • Can you code great leaders and creative thinkers?

The future will arrive sooner than you expect….

You cannot ignore or escape the rise of the robots….

Intelligent machines are part of our present experience (see last week’s column). And our entanglements with them will only increase.

As intelligent technology develops, more uses will be found for it – and more of us will be out of work as a result.

And that future will be here sooner than you expect….

A report released at the World Economic Forum says automation will lead to the loss of ‘over 5 million jobs in 15 major, developed and emerging economies by 2020….’

A Merrill Lynch report predicts 47% of jobs are at risk of non-human replacement inside 20 years….

University of Oxford research concludes that 35% of UK jobs are threatened by machines….

Our cognitive trump card has been played out….

We have encountered similar scenarios. The industrial revolution led to machines able to do jobs requiring strength and repetitive actions better, quicker and more cheaply than humans.… Click here to read more

Intelligent machines – fresh legs in the workplace….

Tuesday 25th October 2016

In this issue of Money Truths….

  • Robocop – coming soon to a street near you….
  • Dr. Robot will see you now….
  • Brave new world or dystopian nightmare?
  • Customer service – minus the human element….
  • The human price….

Robocop – coming soon to a street near you….

A police bomb disposal robot has already been used to kill a gunman in America. It happened in July in Dallas.

The robot doesn’t look like Tom Cruise. It didn’t deliver any of the pithy lines or slick moves that Hollywood screenwriters might dream up. But all that is not far down the road.

The future is one where armed robots carry badges, police the streets and keep the peace….

Military research is pushing the price of robotics down. And in the United States, the Pentagon has a policy of peddling equipment originally intended for the battlefield to domestic law enforcement agencies.

Robots don’t get sick, they don’t get fat on doughnuts, they don’t get tired and they don’t need pensions. It is only a matter of time before they are seen as a more efficient, and cheaper policing option than humans. And when it happens in the US, it won’t be long before it happens here.… Click here to read more