scholarly journals Artificial Intelligence: Way Forward for India

2018 ◽  
Vol 7 (1) ◽  
pp. 19 ◽  
Author(s):  
Sunil Kumar Srivastava
Keyword(s):  
Artificial Intelligence ◽  
Industrial Revolution ◽  
Developed Countries ◽  
Economic Growth Rate ◽  
Fourth Industrial Revolution ◽  
The Us ◽  
The Uk ◽  
The Impact ◽  
The Eu

<p>Artificial Intelligence (AI) is likely to transform the way we live and work. Due to its high potential, its adoption is being treated as the fourth industrial revolution. As with any major advancement in technology, it brings with it a spectrum of opportunities as well as challenges. On one hand, several applications have been developed or under development with potential to improve the quality of life significantly. As per a study, it is expected to double the annual economic growth rate of 12 developed countries by 2035. On the other hand, there is a possibility of loss of jobs. As per the available reports, the loss of jobs during the next 10-20 years is estimated to be 47% in the US, 35% in the UK, 49% in Japan, 40% in Australia, and 54% in the EU. In the era of globalization, no country can isolate itself from the impact of the advances in technology. However, the benefits can be maximized and losses can be minimized by putting necessary infrastructure and policy in place. Though several countries have decided their strategy for AI, India has not yet formulated its strategy. The report reviews the international as well as national scenario and suggests way forward for India. </p>

Minimising medical litigation: a review of key tort and legal reforms

2009 ◽  
Vol 5 (2) ◽  
pp. 179-233 ◽  
Author(s):  
Harold Tan
Keyword(s):  
Medical Malpractice ◽  
Developed Countries ◽  
Economic Sustainability ◽  
Legal Reforms ◽  
The Us ◽  
Tort System ◽  
Medical Litigation ◽  
Tort Reforms ◽  
The Uk ◽  
The Impact

The traditional tort system in medical malpractice is increasingly perceived as being incapable of addressing the mismatch between claims and negligent injuries. Tort reforms have been introduced in various developed countries in an attempt to bring about greater fairness and economic sustainability in the compensation of medical injuries and to reduce the overall rate of medical litigation. This paper reviews the key tort reforms that have been used in various countries, notably the US and the UK, and discusses the arguments that had been put forth by advocates and opponents of such reforms. The impact of these tort reforms, where studied and available, is also reviewed and discussed in the paper.

Disruptions of the Fourth Industrial Revolution

2021 ◽  
pp. 189-199
Author(s):  
Idris Olayiwola Ganiyu ◽  
Ola Olusegun Oyedele ◽  
Evelyn Derera
Keyword(s):  
Artificial Intelligence ◽  
Technological Innovation ◽  
Industrial Revolution ◽  
Technological Innovations ◽  
Fourth Industrial Revolution ◽  
Skill Gaps ◽  
The World ◽  
The Future ◽  
The Impact ◽  
And Robotics

The Fourth Industrial Revolution has resulted in the disruption of the world of work whereby technological innovation such as artificial intelligence (AI) and robotics. These disruptions may be creative in that as some jobs are lost due to the development of artificial intelligence, new ones are created. This chapter explored the impact of disruptive technological innovations on the future of work. The skill gaps brought about by the emergence of the Fourth Industrial Revolution was also explored in this chapter.

scholarly journals Artificial Intelligence – Challenges and Chances for Europe

2020 ◽  
pp. 1-17
Author(s):  
Joseph Straus
Keyword(s):  
Artificial Intelligence ◽  
Industrial Revolution ◽  
Social Issues ◽  
Building Blocks ◽  
Economic Environment ◽  
Public Attention ◽  
Global Context ◽  
Fourth Industrial Revolution ◽  
The Eu

As one of the building blocks of the fourth industrial revolution, artificial intelligence has attracted much public attention and sparked protracted discussions about its impact on future technological, economic and social developments. This contribution conveys insights into artificial intelligence’s basic methods and tools, its main achievements, its economic environment and the surrounding ethical and social issues. Based on the announced and taken measures of the EU organs in the area of artificial intelligence, the contribution analyses the position of Europe in the global context.

London

2018 ◽  
Author(s):  
Richard Roberts
Keyword(s):  
New York ◽  
Financial Services ◽  
Financial Regulation ◽  
Global Financial Crisis ◽  
Services Sector ◽  
The Us ◽  
The Global Financial Crisis ◽  
The Uk ◽  
The Impact ◽  
The Eu

At the onset of the Global Financial Crisis in 2007 London was one of the two foremost global financial centres, along with New York. London experienced a 12 per cent fall in wholesale financial services jobs in 2008–9, but a recovery got underway in 2010 and London’s wholesale financial services sector staged a wavering advance. But now there were new challenges, in particular the avalanche of financial regulation coming from the UK, the EU, the US and the G20. Fintech engendered new uncertainties. The impact of Brexit was uncertain, but mostly expected to be negative, at least in the short-term. Furthermore, there was growing competition from Asian and other financial centres. Nevertheless, London remained pre-eminent as one of the two largest global concentrations of wholesale financial services activity and at the top of the Global Financial Centres Index.

scholarly journals Digitalization of Industry and Education

2021 ◽  
Vol 346 ◽  
pp. 03050
Author(s):  
Mariya Ostapenko ◽  
Vladlena Nazarova
Keyword(s):  
Artificial Intelligence ◽  
Industry 4.0 ◽  
Industrial Revolution ◽  
Human Life ◽  
Cyber Physical Systems ◽  
Physical Systems ◽  
Fourth Industrial Revolution ◽  
Industry And Education ◽  
The Impact ◽  
Plm System

The fourth industrial revolution, associated with the introduction of robotics, cyber-physical systems, artificial intelligence, neural networks, affects all spheres of human life. There is a need for specialists with the appropriate skills. The article discusses the elements of Industry 4.0: Internet of Things, robotization, PLM system. The impact of digitalization on the educational sector is also considered.

scholarly journals The fourth industrial revolution: How the EU can lead it

European View ◽  
2018 ◽  
Vol 17 (1) ◽  
pp. 5-12 ◽  
Author(s):  
Matthias Schäfer
Keyword(s):  
Artificial Intelligence ◽  
Industrial Revolution ◽  
New Technologies ◽  
Human Beings ◽  
Wealth Creation ◽  
Fourth Industrial Revolution ◽  
Technological Impact ◽  
Common Policies ◽  
The Eu

The fourth industrial revolution is different from the previous three. This is because machines and artificial intelligence play a significant role in enhancing productivity and wealth creation, which directly changes and challenges the role of human beings. The fourth industrial revolution will also intensify globalisation. Therefore, technology will become much more significant, because regions and societies that cope positively with the technological impact of the fourth industrial revolution will have a better economic and social future. This article argues that the EU can play an important role in developing an environment appropriate for the fourth industrial revolution, an environment that is vibrant and open to new technologies. Member states would profit from an EU-wide coordinated framework for this area. The EU has to establish new common policies for the market-oriented diffusion and widespread use of new technologies.

New Challenges for Education in the Forthcoming Era of the Fourth Industrial Revolution

2020 ◽  
pp. 98-117
Author(s):  
Michael Voskoglou
Keyword(s):  
Artificial Intelligence ◽  
Formal Education ◽  
Industrial Revolution ◽  
Technological Development ◽  
Human Society ◽  
Current Form ◽  
Fourth Industrial Revolution ◽  
Future Education

The rapid industrial and technological development of the last years has transformed the human society to its current form of knowledge and globalization. As a result, the formal education is nowadays faced with the big challenge of preparing students for a new way of life in the forthcoming fourth industrial revolution. This new revolution could be characterized as the era of the internet of things and energy and of the cyber-physical systems. The present chapter focuses on the role that computers and artificial intelligence could play in future education and the risks hiding behind this perspective. It is concluded that it is rather impossible that computers and the other “clever” machines of artificial intelligence will reach to the point of replacing teachers for educating students in future, because all these devices have been created and programmed by humans and therefore it is logical to accept that they will never succeed to reach the quality of human reasoning. However, it is certain that the role of the teacher will be dramatically changed in the future classrooms.

scholarly journals Cutting Edge of Reproductive Medicine

2019 ◽  
Vol 01 (02) ◽  
pp. 78-87
Author(s):  
Budi Wiweko
Keyword(s):  
Artificial Intelligence ◽  
Health Services ◽  
Reproductive Medicine ◽  
Industrial Revolution ◽  
Disruptive Innovation ◽  
Biological Domain ◽  
Learning Machine ◽  
Noninvasive Biomarkers ◽  
The Impact

Background: Louise Brown’s delivery in 1978 was the mark of a successful IVF program that has now been in practice for more than 40 years. The technology has delivered more than 8 million babies. Many breakthrough innovations were established to answer the problem in ART services. Optimizing ART biomarkers and cross border reproductive care have become a rising issue in ART services. Disruptive innovation disrupts the existing condition and takes the lead in the new market, including to change our patient behavior in health services. National health services addressed new issues about the impact of 4.0 industrial revolution on health workforce and our daily practices. Every disruptive innovation today is enhanced by a combination of physical, digital, and biological domain. The advancement in the area of the internet of things, artificial intelligence, virtual reality, nanotechnology, cloud computing, big data, deep learning, machine learning, robotics, and gene editing could potentially support us to innovate. And to improve the quality and outcome of ART, the introduction of the latest technology, such as robotics and artificial intelligence, has become an essential approach. A recent study discovered that the use of artificial intelligence would remove the embryologist’s subjectivity and improve the way we choose the best embryo for implantation. The next challenging issue in ART is improving the success rate through optimizing noninvasive biomarkers development. Many biological products such as blood, tissue, organ fluid can be assessed and considered to be used as IVF biomarkers. Proteomic tools were used and are needed to analyze a sample from subjects before it was created as a biomarker for improving the IVF services quality. Conclusion: The development of IVF over 40 years has brought about many distinct achievements in the laboratory and in clinic. Industrial revolution 4.0 has generated many innovations that have helped improve the quality of ART services, including AUGMENT social egg freezing, artificial intelligence, and genome editing. In this era, precision medicine looks very promising for bridging the gap and increasing the accuracy and efficacy of promotive, preventive, diagnostic, and treatment approaches in reproductive medicine.

Is Artificial Intelligence a New Dawn or Challenge for Corporate Decision Making?

2019 ◽  
pp. 20-42
Author(s):  
Maria Igorevna Nikishova ◽  
Mikhail E. Kuznetsov
Keyword(s):  
Artificial Intelligence ◽  
Decision Making ◽  
Big Data ◽  
Industrial Revolution ◽  
Rapid Development ◽  
Decision Making Process ◽  
Fourth Industrial Revolution ◽  
Stakeholder Interaction ◽  
The Board Of Directors

The Fourth Industrial Revolution provides companies with new opportunities, and business picks up allies represented by technologies that can change mechanisms of corporate decision making in corporations. Rapid development of technologies, which allows working more efficiently with information, can lead to the creation of a new system of stakeholder interaction, thanks to better analytics, transparency, and speed of decisions. In this regard, the analyst based on big data with the use of artificial intelligence (AI) is able to significantly affect the quality of decisions. How can the application of AI for analysis of big data be able to influence the decision-making process and to what extent can it influence the system of corporate relationships? To answer this question, the authors will try to describe how transformation of decision-making methodology at the Board of Directors level under the influence of the Fourth Industrial Revolution and the development of AI technologies and big data, and what are the opportunities, limitations, and risks of the decision-making process with AI.

THE FOURTH INDUSTRIAL REVOLUTION: HOW THE EU CAN LEAD IT

2018 ◽  
Author(s):  
Matthias Schäfer
Keyword(s):  
Artificial Intelligence ◽  
Industrial Revolution ◽  
New Technologies ◽  
Human Beings ◽  
Wealth Creation ◽  
Fourth Industrial Revolution ◽  
Technological Impact ◽  
Common Policies ◽  
The Eu

The fourth industrial revolution is different from the previous three. This is because machines and artificial intelligence play a significant role in enhancing productivity and wealth creation, which directly changes and challenges the role of human beings. The fourth industrial revolution will also intensify globalisation. Therefore, technology will become much more significant, because regions and societies that cope positively with the technological impact of the fourth industrial revolution will have a better economic and social future. This article argues that the EU can play an important role in developing an environment appropriate for the fourth industrial revolution, an environment that is vibrant and open to new technologies. Member states would profit from an EU-wide coordinated framework for this area. The EU has to establish new common policies for the market-oriented diffusion and widespread use of new technologies.

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