Artificial Intelligences beneficial impact on economy, education and healthcare

Artificial Intelligence's beneficial impact on economy, education and healthcare Artificial intelligence (AI) continues to prove to have a beneficial and fast-paced impact on education, healthcare, and economy. The measure of the impact artificial intelligence will have on the global economy is bolstered by its successful application into industries. As researchers continue to develop the efficiency and reliability of AI, the application of AI into industries will grow exponentially; therefore, the impact could be incalculable. Desjardins states, â€Å"By 2030, AI is expected to provide a $15.7 trillion boost to GDP worldwide- the equivalent of adding 13 new Australia’s to the global economy†. A boost of this size indicates that vast technological advancements are expected to be made as well. This will create benefits aside from the monetary value. Increased trade between countries will result, which will lead to specialization and competition. A healthy competition between industries encourages innovation as they compete for the consumers’ dollar, and innovation is the heart of technology. The economic boost improves and supports international relations as well. The ef ficiency of AI can impact many parts of the economy such as manufacturing. Rather than humans occupying the jobs, machines are more consistent, reliable, and productive. Lohr presents â€Å"a series of charts and graphs that track AI- related trends over time. They include measures like the rate of improvement in image identification and speech recognition, as well as start- up activity and job openings†. Not only does AI create beneficial developments in economy, but as well as image identification and speech recognition. It also promotes entrepreneurship and new jobs. Therefore, rumors of replacing medical jobs in the future are no longer needed. AI has shown some improvement in healthcare, but researchers say the possibilities of a greater healthcare system with AI involved. Pearl states that â€Å"[u]sing consensus algorithms from experts in the field, along with the data that oncologists enter into a medical record, a computer can review dozens, sometimes hundreds, of established treatment alternatives and recommend the most appropriate combination of chemotherapy drugs for a patient†. Having various ways to cure a patient helps improves the chance of the medicine curing the patient. It can improve the quality of care and STOP. He clarifies, â€Å"Visual pattern recognition software is estimated to be 5% to 10% more accurate than the average physician†. AI has shown a great impact on education and will continue to do so. Bernard states, â€Å"The Navy reported that the students who had worked with the digital tutor made enormous strides in their education, and that they consistently rested higher than students who had studied without the program’s benefit†. Using technology in the classroom hugely impacts on an individual student’s grade and as well as the classroom in a whole. Dickson indicates how â€Å"AI can also help take part in learner groups as a member and help sway discussions in the right direction by providing content, posing questions and providing alternative viewpoints†. Helping students learn beyond one aspect of a discussion can improve students’ education.

Management in Context Essay Example | Topics and Well Written Essays - 4250 words

Management in Context - Essay Example MFP's typically relate to low rates of inflation ,prudent government spending, high rates of investment and a healthy trend of market liberalisation. The Post World War II approach of the BWI's was based upon a much smaller role for the state following the era of the large-scale globalisation (so characteristic of the post cold war years) This was largely a response to the state controlled economy' of the USSR which turned out to be an economic and political disaster. Globalization is a term which has been used to describe and explain many different phenomena like greater economic integration across national borders.The concept is supported by those who agree with its trade and economic benefits yet those who criticise it believe that those who perceive it as a threat to social cohesion and an invasion of the "capitalist evils of the west" thus undermining state welfare.As at today the term denotes a kaleidoscopic image, a great variety of tendencies and trends in the economic, social and cultural spheres. In brief it can be used to described from an economic and developmental point of view as , "increasing and intensified flows between countries of goods, services, capital, ideas, information and people, which produce cross-border integration of a number of economic, social and cultural activities. It creates both opportunities and costs and for this reason it should not be demonized nor sanctified, nor should it be used as a scapegoat for the major problems that are affecting the world today. (Williamson, 2002 cited in Cooper 2005 pg 15) In the light of the above there has been a rapid growth in the Multinational Corporations trying to reap the benefits of Foreign Direct Investment with in foreign legions where the costs of labour etc are far less.This has also been enhanced by the role of the modern state in economic intergration and the elaboration and adoption of market-oriented policies and regulations,internationally and locally.During the 1980s this integration intensified and there was an increase in"financial sector deregulation, the removal of controls over foreign exchange and enhanced freedom of trade. Financial deregulation has resulted in the progressive elimination of capital controls, the removal of controls over interest rates, and the lifting of traditional barriers to entry into banking and other financial services"( Vincent, 1995)Academics have expressed a lot of scepticism over the fact whether Globalisation of Investments and the growth of MNCs (Multinational Corporations) has been meaningful to the contribution to domestic growth .According to Froot (1993) Globalisation does not actually require neither capital flows nor investment in capacity but is a mere extension of corporate control over international boundaries: Therefore the recent ability of Globalisation to

Case Assignment 2 Study Example | Topics and Well Written Essays - 750 words

Assignment 2 - Case Study Example It goes without saying that Lynn Tilton carries a sense of charisma around her multifaceted personality, which is a combination of impressive glamour and a stark sense of business and an inspiring vision that seldom fails to impress people. People mostly end up getting enamored by her leadership skills and her resource savvy sense of management. One big thing about Lynn Tilton that makes her an astute manager and an insightful leader is her ability to carry and exercise authority. As a leader she is vehemently dedicated to her goals and does not mind being stringent if the need be. 2. One big positive leadership trait evinced by Lynn Tilton is her panache for being what she actually is. She does not mind cracking jokes about her personal life, affiliates to a glamorous sense of dress up in a corporate setup, decorates her office with somewhat bizarre seeming artifacts and art. It would not be wrong to say that people could not help being impressed by her straightforwardness and chari sma. However, this very same quality and traits could also be considered to be a negative aspect of Lynn Tilton’s leadership persona in the sense that she tends to too much mix her personal preferences with her business style. This could many a times could send wrong messages to the employees and colleagues and may disorient or confuse them. ... s that her style of leadership is somewhat dictatorial as she herself admits, which if taken too far may lead to suppression of individuality and free opinion amongst her employees. 3. Lynn Tilton does evince a situational approach towards leadership while managing the rusted assets she invests in. She pays a lot of stress on impacting and influencing the organizational culture of the company she tends to manage, so that she could make the company a success by introducing a new management and new products. Lynn Tilton is considered to be tough on the former employees of the companies she purchases. Perhaps this is so because being an astute situational leader she is very particular about gauging as to how every employee fits into her vision and the scheme of things to come. Moreover Lynn comes out to his employees as a humorous person and she is a good actor as she well understands how to adapt her leadership style to the situation at hand. Lynn evinces a great sense of self confiden ce and is not scared of being public about her life and preferences. She is a great believer in herself and the companies she happens to invest in. 4. Lynn is a transformational leader as she is internally motivated and uses her innate motivation and drive to influence the companies and assets she invests in. That is why Lynn has been able to convert many rusted assets she invested in into thriving and successful businesses. Like a true transformational leader, Lynn has the courage and the ability to make tough business decisions. The former employees of the companies she purchases tend to be weary of him because they know that she would not hesitate from making tough decisions if the need be. The big thing about Lynn is that the tough decisions she makes yield results because they align