BRUSSELS, June 23 (Thomson Reuters Foundation) – From Swedish retailer H&M being fined 35 million euros ($42 million) for recording employees' private data to Britain's Barclays bank accused of spying on its staff, workplace surveillance has come into the spotlight in recent months. On Wednesday, the European Trade Union Institute (ETUI), the European Trade Union Confederation's research arm, said planned regulation by the European Union (EU) to improve privacy does not do enough to stop companies from snooping on their workers in the name of security and efficiency. As artificial intelligence (AI) technology becomes ever more accessible and sophisticated, here's why unions are worried: What kind of surveillance are we talking about? Employee monitoring today can involve software programmes for live monitoring, streaming and recording more than a dozen employees' computer screens at a time. Keystrokes, chat programmes, instant messaging and Skype dialogues may also be monitored and recorded in real time.
FROM Swedish retailer H&M being fined 35 million euros ($42 million) for recording employees' private data to Britain's Barclays bank accused of spying on its staff, workplace surveillance has come into the spotlight in recent months. On Wednesday, the European Trade Union Institute (ETUI), the European Trade Union Confederation's research arm, said planned regulation by the European Union (EU) to improve privacy does not do enough to stop companies from snooping on their workers in the name of security and efficiency. As artificial intelligence (AI) technology becomes ever more accessible and sophisticated, here's why unions are worried: What kind of surveillance are we talking about? Employee monitoring today can involve software programmes for live monitoring, streaming and recording more than a dozen employees' computer screens at a time. Keystrokes, chat programmes, instant messaging and Skype dialogues may also be monitored and recorded in real time.
In November 2020, Alphabet-owned AI firm DeepMind announced that it had cracked one of biology's trickiest problems. For years the company had been working on an AI called AlphaFold that could predict the structure of proteins – a challenge that could prove pivotal for developing drugs and vaccines, and understanding diseases. When the results of the biennial protein-predicting challenge CASP were announced at the end of 2020, it was immediately clear that AlphaFold had swept the floor with the competition. John Moult, a computational biologist at the University of Maryland who co-founded the CASP competition, was both astonished and excited at AlphaFold's potential. "It was the first time a serious scientific problem had been solved by AI," he says.
Artificial intelligence robots are slowly replacing blue collar and white collar workers. Go to the trading floors to find out that there are no human brokers. Algorithmic trading software makes money for most investment funds. It takes 0.2 seconds for a price quote to come from the exchange to your software vendor's data center (DC), 0.3 seconds from the data center to reach your trading screen, 0.1 seconds for your trading software to process this received quote, 0.3 seconds for it to analyze and place a trade, 0.2 seconds for your trade order to reach your broker, 0.3 seconds for your broker to route your order to the exchange. Total time elapsed 0.2 0.3 0.1 0.3 0.2 0.3 1.4 seconds.
For many business leaders, the sudden transition to remote working that was forced upon companies last year as the COVID-19 pandemic shut down office spaces still brings back memories of long hours of work and a few logistical ordeals – but according to some experts from analyst Gartner, the real challenge is yet to come. As restrictions slowly lift and employers start thinking of bringing their staff back into the workplace, some forward-thinking planning will be required to ensure a smooth transition from working fully remotely in the context of a global health crisis, to a hybrid mode of work of which the details are yet to be defined. Which video conferencing platform is right for your business? We've gathered details about 10 leading services. This is because, for a significant proportion of employees, a return to the office for five days a week is unlikely to be an appealing option.
Elena works in the field of Natural Language Processing. She graduated with a degree from Saint-Petersburg State University in Russia first and then acquired PhD from Macquarie University in Sydney, Australia, where she works currently. Now she applies theoretical concepts developed in the field of Natural Language Processing to solve business problems of different big and small enterprises. As an early adopter of BigData tools and concepts she finds existing BigData frameworks to be attractive means of working with data. She started using such tools and advising other people to adopt BigData concepts way before Hadoop, Spark and other related technologies became "must to know" tools for many IT professionals.
The past year has been a busy one for Bumble, which grew to more than 700 employees worldwide and launched its initial public offering in February. The nearly seven-year-old dating app in which women must initiate the first message remained busy during the pandemic, reporting that "virtual dating" through video chats increased 70 percent on the app since shutdowns began in March 2020.
The business use cases for chatbots are nearly endless, but there are also interesting and impactful ways that chatbots can be used for social good around the world. In particular, our favourite technology is a fantastic medium for improving access to much-needed education in emerging international markets. In many emerging markets access to a smartphone is much more common than access to a laptop or desktop computer. And while there are still gaps in ownership between the women and men of some emerging markets, many people will share a smartphone in order to access the apps and information they require. In order to improve access to education and support services, the smartphone will play a crucial role.
"AI can play a significant role in simplifying and automating processes where traditionally humans have been involved," said Rizwan Akhtar, chief technology officer of business technology at Realogy Holdings Corp., which owns brokerage brands including Coldwell Banker, Corcoran and Sotheby's International Realty. The Morning Download delivers daily insights and news on business technology from the CIO Journal team. Artificial-intelligence efforts in the real-estate sector are benefiting from advances in cloud computing and data analytics, as well as improvements to algorithms, according to technology leaders at Realogy, Compass Inc. and Zillow Group Inc. Realogy uses more than 25 AI models, Mr. Akhtar said, including models that can help agents predict their chances of converting a prospective client into a paying client and others that can predict the optimal percentage split between a broker and an agent on a property. The company is in the early stages of testing an AI app that aims to predict when certain milestones will be reached in the home-buying process, he said. At real-estate brokerage Compass, an AI-based tool that predicts whether people in an agent's contact database are likely to sell their homes within a year resulted in more "listing wins" for its agents, said Joseph Sirosh, the company's chief technology officer.
As part of a major update announced on Tuesday, Tinder will introduce videos into profiles, a new Explore tab similar to Instagram and new ways for people to express themselves. The updates bring the popular dating app more in line with other dating apps, such as Bumble and Hinge, which added video features during the COVID-19 pandemic and will allow the company's nearly 50 million users to speak to other users prior to committing to a match. The new videos can be up to 15 seconds long, according to The Verge, and will not be a part of the company's paid features. 'Tinder is overwhelmingly the most popular way to make meaningful new connections around the world, ' said Tinder CEO Jim Lanzone in a statement. 'Meanwhile, a new generation of daters is asking for more from us in the post-Covid world: more ways to show off their authentic selves, more ways to have fun and interact with others virtually, and more control over who they meet on Tinder and how they communicate.