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Technology in firm

2025-01-16 12:31:04 UTC

Technology developments were more readily adopted by typically the younger people within my firm. We helped develop the AI and as a result, AI certainly increased the efficiency of work - particularly at more junior levels. Maybe encouraging greater training or incentives for adoption could increase usage.

Impact of AI on inequality

2025-01-16 12:31:36 UTC

I think that the implementation of AI will increase inequality, both within nations and internationally. I think that those who can afford to implement AI will further accelerate their progress and move further away from those that cannot afford to implement AI in their countries or organisations.

Implementation of AI in construction

2025-01-16 12:34:32 UTC

The use of AI and robotics has increased dramatically in construction in recent years. This has primarily been with regards to data analysis and programme management rather than replacing the on site labour.

This does free up the time of the managers to focus on innovation and thinking about how they can improve safety on site. AI and robotics are also implemented for off site manufacture, improving health and safety.

Role of Institutions

2025-01-16 12:35:11 UTC

Institutions can greatly hinder or decelerate the rate at which technology is growing. A prime current example is the U.S. plans to ban TikTok in three days time. I believe in the majority of cases, there is a major lack of understanding around technological advancements in institutions. This inherent lack of knowledge results in technology that far outpaces protective regulation and legislation. Institution members should seek out advice from experts in respective technology fields and proactively analyze potential scenarios/outcomes of the new technology. This will enable them to form protective policies to ensure positive economic outcomes. These policies can later be amended to ensure innovation is not stifled as tech evovles.

AI gets rid of boring administrative work

2025-01-16 12:35:41 UTC

I think copilot has helped with writing minutes and so helps with productivity

Inequality of AI

2025-01-16 12:36:09 UTC

The application of AI is similar to the introduction of other technologies throughout history. New technologies are generally designed to improve existing processes, whether by enhancing efficiency, reducing costs or limitations. For instance, machines have historically replaced human labour in many industries, changing how work is done. In the same way, the rise of AI is likely to replace certain jobs and skill sets in specific industries. However, as has always been the case with technological progress, individuals are expected to adapt and continue growing their skills to meet the demands of the changing job market.

AI - lack of regulation can create chaos

2025-01-16 12:37:19 UTC

Not having proper regulations, boundaries and their enforcement can potentially lead to mis-use of the tech. For eg, increase in activities like scamming, phishing, morphing of images/ videos have increased difficulties for the world. No doubt, regulations are difficult to adopt, however, the globally the institutions have to come on the same page for defining boundaries and punitive measures for breaching those boundaries.

Impact of AI

2025-01-16 12:37:20 UTC

AI has the potential to widen inequality by concentrating wealth and power among those who own advanced technologies. Automation could replace low-skill jobs, leaving many unemployed while benefiting corporations. Nations with superior AI capabilities may dominate global markets, deepening economic divides. Without regulation, AI may reinforce existing biases and discrimination.

Impact of AI on inequality

2025-01-16 12:37:44 UTC

AI reduce the needs of human capital needs in a company, lead to more layoff, esp in the Industry that I used to work for; Technology. On top of that, it increases the barrier to entry certain industry, and will benefit those who have training in this area only and not inclusively allow everyone to enter.

Use of AI for Manual/Grunt Work

2025-01-16 12:38:39 UTC

At the junior level in my previous employer, efficiency of juniors are increasing due to the use of Gen AI which is allowing space and time for juniors to take on more meaningful work. At the same time, there is an increasing level of insecurity about one's job safety as higher efficiency of juniors is resulting into lower demand of juniors by my previous employer.

Light-touch Regulation

2025-01-16 12:39:57 UTC

Institutions should be given a free-hand approach and limited regulatory supervision. This will allow companies to innovate rapidly, bringing numerous benefits. As technologies advance, the government can intervene and deter what constitutes acceptable technological innovation. TL;DR: Avoid excessive regulatory oversight until things go awry.

Role of Government

2025-01-16 12:39:58 UTC

Governments in some countries tend to prevent new technology from entering markets to protect traditional industries. Although this might be the result of democracy and appropriate regulations are required, governments should also keep the free market to embrace innovation.

Adaption of AI is very encouraged and supported in emerging countries (in Africa)

2025-01-16 12:40:13 UTC

It has been one of critical missions of my organization to assist development of emerging countries. In order to increase to productivity in agriculture sector, we actively supported local SMEs adapt and get educated to develop AI technologies. Hoping AI could be a tool to solve inequality and food scarcity.