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Big data is making us more boring and less innovative

#artificialintelligence

It is a ubiquitous phenomenon, one that almost all of us confront, in some form, on a regular basis. For example, if you are a city planner in charge of traffic management, there are two ways you can address traffic flows in your city. Generally, a centralized, top-down approach -- one that comprehends the entire system, identifies choke points, and makes changes to eliminate them -- will be more efficient than simply letting individual drivers make their own choices on the road, with the assumption that these choices, in aggregate, will lead to an acceptable outcome. The first approach reduces the cost of anarchy and makes better use of all available information. The world today is awash in data.


The hidden danger of big data

Al Jazeera

In game theory, the "price of anarchy" describes how individuals acting in their own self-interest within a larger system tend to reduce that larger system's efficiency. It is a ubiquitous phenomenon, one that almost all of us confront, in some form, on a regular basis. For example, if you are a city planner in charge of traffic management, there are two ways you can address traffic flows in your city. Generally, a centralised, top-down approach - one that comprehends the entire system, identifies choke points, and makes changes to eliminate them - will be more efficient than simply letting individual drivers make their own choices on the road, with the assumption that these choices, on aggregate, will lead to an acceptable outcome. The first approach reduces the cost of anarchy and makes better use of all available information.


Big Data: A Technology to Support Freedom or Control?

#artificialintelligence

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Will Democracy Survive Big Data and Artificial Intelligence?

#artificialintelligence

"Enlightenment is man's emergence from his self-imposed immaturity. Immaturity is the inability to use one's understanding without guidance from another." The digital revolution is in full swing. How will it change our world? The amount of data we produce doubles every year. In other words: in 2016 we produced as much data as in the entire history of humankind through 2015. Every minute we produce hundreds of thousands of Google searches and Facebook posts. These contain information that reveals how we think and feel. Soon, the things around us, possibly even our clothing, also will be connected with the Internet. It is estimated that in 10 years' time there will be 150 billion networked measuring sensors, 20 times more than people on Earth. Then, the amount of data will double every 12 hours. Many companies are already trying to turn this Big Data into Big Money. Everything will become intelligent; soon we will not only have smart phones, but also smart homes, smart factories and smart cities. Should we also expect these developments to result in smart nations and a smarter planet? The field of artificial intelligence is, indeed, making breathtaking advances. In particular, it is contributing to the automation of data analysis. Artificial intelligence is no longer programmed line by line, but is now capable of learning, thereby continuously developing itself. Recently, Google's DeepMind algorithm taught itself how to win 49 Atari games. Algorithms can now recognize handwritten language and patterns almost as well as humans and even complete some tasks better than them. They are able to describe the contents of photos and videos. Today 70% of all financial transactions are performed by algorithms. News content is, in part, automatically generated. This all has radical economic consequences: in the coming 10 to 20 years around half of today's jobs will be threatened by algorithms. It can be expected that supercomputers will soon surpass human capabilities in almost all areas--somewhere between 2020 and 2060. Experts are starting to ring alarm bells.


Will Democracy Survive Big Data and Artificial Intelligence?

#artificialintelligence

"Enlightenment is man's emergence from his self-imposed immaturity. Immaturity is the inability to use one's understanding without guidance from another." The digital revolution is in full swing. How will it change our world? The amount of data we produce doubles every year. In other words: in 2016 we produced as much data as in the entire history of humankind through 2015. Every minute we produce hundreds of thousands of Google searches and Facebook posts. These contain information that reveals how we think and feel. Soon, the things around us, possibly even our clothing, also will be connected with the Internet. It is estimated that in 10 years' time there will be 150 billion networked measuring sensors, 20 times more than people on Earth. Then, the amount of data will double every 12 hours. Many companies are already trying to turn this Big Data into Big Money. Everything will become intelligent; soon we will not only have smart phones, but also smart homes, smart factories and smart cities. Should we also expect these developments to result in smart nations and a smarter planet? The field of artificial intelligence is, indeed, making breathtaking advances. In particular, it is contributing to the automation of data analysis. Artificial intelligence is no longer programmed line by line, but is now capable of learning, thereby continuously developing itself. Recently, Google's DeepMind algorithm taught itself how to win 49 Atari games. Algorithms can now recognize handwritten language and patterns almost as well as humans and even complete some tasks better than them. They are able to describe the contents of photos and videos. Today 70% of all financial transactions are performed by algorithms. News content is, in part, automatically generated. This all has radical economic consequences: in the coming 10 to 20 years around half of today's jobs will be threatened by algorithms. It can be expected that supercomputers will soon surpass human capabilities in almost all areas--somewhere between 2020 and 2060.