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What the Finance Industry Tells Us About the Future of AI

Harvard Business

What will artificial intelligence do to industries and jobs? For a preview, look to the finance industry which has been incorporating data and algorithms for a long time, and which is always a canary in the coal mine for new technology. But it may not leave the overall system better off.

Finance 69
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The Future Face of the Consulting Industry

Tom Spencer

This article will examine some of the transitions that the pandemic has precipitated in the consulting industry , and prognosticate about what the future face of consulting will look like in a post pandemic world. She has a keen interest in the business psychology of consulting and plans to enter the industry in the near future.

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Upgrade your Legacy System without Disrupting your Project-based Organization

Progressus

Project-based organizations that are still utilizing legacy systems today have a host of potential system failure, compliance, and integration concerns. According to the United States Government Accountability Office , ten of the government’s legacy systems cost approximately $337 million annually to operate and maintain.

System 52
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Descent of the Global Monetary System

Tom Spencer

Money is not really respected in academia, and so most of the attention tends to focus on other topics: the interaction between buyers and sellers, the structure of industries, statistical modelling, the valuation of financial assets, and so on. Bretton Woods System: 1944 – 1971. Petrodollar System: 1971 – Present.

System 88
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Drones Help New Industries Take Flight

Tom Spencer

Even though unmanned aerial vehicles (drones) have been around for a decent amount of time, we don’t see many in the sky or many industries using them yet. For example, drones mounted with cameras can be used to collect detailed real-time information about crop quality, irrigation systems, and livestock. Image: Vogel. References.

Industry 104
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Ethical Implications of AI in Consulting: A Deep Dive

Tom Spencer

This is the sixth of a seven-part series looking at artificial intelligence and its implications for the consulting industry. Potential for bias One of the main ethical concerns with AI systems is the potential for bias. Another example would be an AI system that is trained on data from a specific industry, such as the finance sector.

Ethics 88
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The Transformative Power of AI in Business

Tom Spencer

AI-powered recommendation systems are another way businesses are leveraging AI-based technology to enhance the customer experience. These systems can suggest relevant products that customers are likely to enjoy. He studied Industrial and Labor Relations at Cornell University.

Data 147