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Robots are infiltrating the growth statistics

Robots are infiltrating the growth statistics | Science, Technology, and Current Futurism | Scoop.it

New evidence begins to shed some light on the macroeconomic role of automation in the economy. In a new paper from London’s Center for Economic Research, George Graetz and Guy Michaels of Uppsala University and the London School of Economics, respectively, find that industrial robots have been a substantial driver of labor productivity and economic growth. Graetz and Michaels employ new data from the International Federation of Robotics to analyze the use of industrial robots across 14 industries in 17 countries between 1993 and 2007. Overall, they conclude that the use of robots within manufacturing raised the annual growth of labor productivity and GDP by 0.36 and 0.37 percentage points, respectively. That might not seem like a lot but it represents 10 percent of total GDP growth and 16 percent of labor productivity growth. Making that even more astounding is the fact that during the study’s time period robots achieved that impact while accounting for just 2.25 percent of the total assets of the industries studied.

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Anthony Goldbloom | Innovators Under 35 | MIT Technology Review

Anthony Goldbloom | Innovators Under 35 | MIT Technology Review | Science, Technology, and Current Futurism | Scoop.it
A startup called Kaggle tries to bring smart people to knotty problems.

 

Goldbloom created "a website where data scientists could compete to win cash in their spare time by solving such problems for companies. He didn’t know much about programming, so he taught himself to code and built the website in his bedroom in Melbourne, Australia.

Sharrock's insight:

Another use of competition and networking to find solutions.

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SensoMotoric Instruments: Gaze and Eye Tracking Systems

SensoMotoric Instruments: Gaze and Eye Tracking Systems | Science, Technology, and Current Futurism | Scoop.it
SensoMotoric Instruments (SMI) is a world leader in hardware and software solutions for gaze and eye tracking, eye movement and eye control in psychology, neurology, usability, market research, sports, training, medicine.

 

From January 22-25, 2014, the World Leaders will gather in Davos, CH, as they have been doing each year for more than three decades. SensoMotoric Instruments (SMI; www.smivision.com) will be there to present eye tracking as a key technology which drives industry transformation – especially when used in combination with brain response data. Decision making, the related information processing and human-machine-interaction are being transformed by better understanding and real time usage of visual attention, emotions and brain information processing.

 

In a unique on-site eye tracking experiment with world leaders conducted in Davos, SMI will demonstrate how eye tracking reveals the underlying factors of information retrieval. How these insights can be used to improve decision making, inform policy-making and strategy will be explained by Olivier Oullier, professor of Behavioral and Brain Sciences at Aix-Marseille University (France) and also a Young Global Leader of the World Economic Forum. He will lead the experiment all week long and, on January 23rd, he will present results from an innovative worldwide lab and on site study he conducted for the World Economic Forum and his partners. Key insights on sustainable consumption were investigated and compared across countries thanks to the unique mobility afforded by the combination of SMI Eye Tracking Glasses 2.0 (ETG) in combination with Emotiv's EPOC brain response technology.


Via Ashish Umre
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Data scientists matter because data science is the future of IT

Data scientists matter because data science is the future of IT | Science, Technology, and Current Futurism | Scoop.it
While some are hoping for better software to reduce the need for data scientists, WibiData's Omer Trajman thinks we need more of them.
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