Lifeboat Foundation

By Rohit Talwar, Steve Wells, April Koury, and Alexandra Whittington

Can human roles in retail survive the relentless march of the robots? Much of the current debate on automation focuses on the possible demise of existing jobs and the spread of automation into service and white-collar sectors – and retail is certainly one industry poised to follow this automation path in pursuit of the next driver of profits. From the advent of the steam engine and mechanisation of farming, through to the introduction of personal computing — jobs have always been automated through the use of technology. However, as new technologies have come to market, human ingenuity and the ability to create new products and services have increased the scope for employment and fulfilment. Retail has enjoyed enormous benefits from technology tools, but has the time come when automation poses a threat to jobs? Here we present two possible scenarios for retail 2020–2025: one where automation eliminates the majority of retail jobs and a second which sees the emergence of new paid roles in retail.

Scenario One: Robo-Retail Rules

By 2020, in-store robots walk the aisles to guide customers, help order from another branch, and bring goods to the checkout, or your car. Artificial intelligence (AI) personal assistants like Siri and Alexa have become personal shoppers, with perfect knowledge of customers’ tastes and preferences. This allows for development of retail algorithms to recommend the perfect item before shoppers even know they want it. The algorithms offer recommendations drawing on databases of consumer preferences (i.e. Amazon recommendations), social media, friends’ recent purchases, and analysis of emerging trends – with our AI assistants providing our profiles to help filter and select the appropriate offers.

Continue reading “Robo-Retail vs. Humanity at a Price? Two Possible Futures for Retail” »

In this week’s Mr Futurist Podcast, I will discuss, Is a Universal Basic Income (UBI) a good idea for the US?

Why the Southern United States is headed for a deep economic crash? What US industries will be the most impacted by business automation? Why will automation affect white collar jobs first? Is the US Becoming a Third World Country? How would a Universal Basic Income (UBI) impact large US companies? Illiteracy in the US. Could we have a Great Technological World-Wide Depression? All this and more in this podcast!

Mr Futurist Podcast – Should We Have a Universal Basic Income (UBI) in the US? Get my weekly podcast/article on business automation, AI and advancing technology and how it can and will affect your company, your job and career. The Right Knowledge is a Powerful thing! This weeks podcast transcript: This week’s article will be on the dark side. I promise by the end, I will flip this around and offer solutions, and make what appears to be something gloom and doom, have a possible happy ending. Having studied artificial intelligence and business automation for the last couple of years. I believe the unemployment numbersRead More →

Continue reading “Should We Have a Universal Basic Income UBI in the US?” »

CEO and founder of R2ai, Yiwen Huang, talks to Interesting Engineering in an exclusive interview about how he started a company where AI creates Machine Learning models and how AI is not going to replace but enhance humans’ jobs in the future.

R2ai’s Founder and CEO, Yiwen Huang, tells interesting Engineering in an interview how he goes from a lab to creating an AI that creates AI. And how AI is not going to replace but to augment jobs in the future.

This thesis has been rolling around like a marble in the bowl of a lot of people’s brains for a while now, and many of those marbles were handed out by Martin Ford, in his 2015 book, “Rise of the Robots: Technology and the Threat of a Jobless Future.” In the book, and in an essay in “Confronting Dystopia: The New Technological Revolution and the Future of Work” (Cornell), Ford acknowledges that all other earlier robot-invasion panics were unfounded. In the nineteenth century, people who worked on farms lost their jobs when agricultural processes were mechanized, but they eventually earned more money working in factories. In the twentieth century, automation of industrial production led to warnings about “unprecedented economic and social disorder.” Instead, displaced factory workers moved into service jobs. Machines eliminate jobs; rising productivity creates new jobs.

Probably, but don’t count yourself out.

We already had a robot that could make fast food burgers. And now we have an artificial intelligence that can take your order for one. Earlier this month, Colorado-based startup Valyant AI announced the launch of a voice-based AI customer service platform, which is now taking customer orders at the drive-thru at Denver’s Good Times Burgers and Frozen Custard.

The AI is reportedly not taking jobs from humans, either.

To make its developers’ jobs more rewarding, Facebook is now using two automated tools called Sapienz and SapFix to find and repair low-level bugs in its mobile apps. Sapienz runs the apps through many tests to figure out which actions will cause it to crash. Then, SapFix recommends a fix to developers, who review it and decide whether to accept the fix, come up with their own, or ignore the problem.

Engineers began using Sapienz to review the Facebook app in September 2017, and have gradually begun using it for the rest of the company’s apps (which include Messenger, Instagram, Facebook Lite, and Workplace). In May, the team will describe its more recent adoption of SapFix at the International Conference on Software Engineering in Montreal, Canada (and they’re hiring).

Continue reading “Meet the Bots That Review and Write Snippets of Facebook’s Code” »

In the future, industrial robots may create jobs, boost productivity and spur higher wages. But one thing seems more certain for now: They’re vulnerable to hackers.

Factories, hospitals and other big robot users often lack sufficient levels of defense against a digital attack, according to cybersecurity experts, robot manufacturers and engineering researchers. The risk levels are rising as more robots morph from being offline and isolated to being internet-connected machines, often working alongside humans.

5G promises to make factories a lot smarter. And that means they’ll be a lot more vulnerable.

Continue reading “For Industrial Robots, Hacking Risks Are On the Rise” »

Ladies Monday with Cindy Rampersaud.

How do we prepare young people for jobs that do not yet exist?

Continue reading “The Future Yet To Be Imagined” »

Blockchain shows major potential to drive positive change across a wide range of industries. Like any disruptive technology, there are ethical considerations that must be identified, discussed, and mitigated as we adopt and apply this technology, so that we can maximize the positive benefits, and minimize the negative side effects.

Own Your Data

For decades we have sought the ability for data subjects to own and control their data. Sadly, with massive proliferation of centralized database silos and the sensitive personal information they contain, we have fallen far short of data subjects having access to, let alone owning or controlling their data. Blockchain has the potential to enable data subjects to access their data, review and amend it, see reports of who else has accessed it, give consent or opt-in / opt-out of data sharing, and even request they be forgotten and their information be deleted.

Monetize Your Data

Continue reading “Blockchain: 6 Key Ethical Considerations” »