Most of what we think of as expertise, knowledge and intuition is being deconstructed and recreated as an algorithmic competency, fueled by big data.
It was natural for doctors, nurses and pharmacists to expect that, once computers entered our complex, chaotic and often dangerous world, they would make things better.
Any arrangement that promotes an adversarial relationship between doctor and patient compromises medicine.
Doctors who support policies that make them into police should ask themselves what practicing medicine will be like when all their patients lawyer up.
Nicholas Carr's angle on automated trading is concerned with what algorithms do to traders -- and not what traders and algorithms do to the rest of us. "A reliance on automation is eroding the skills and knowledge of financial professionals," he notes dryly. Only a technology critic -- with no awareness of the actual role that "financial professionals" play today -- would fail to ask a basic follow-up question: How is this not good news?
Economists from Harvard University and the University of Chicago wrote in a recent paper that every dollar a worker earns in a research field spills over to make the economy $5 better off. Every dollar a similar worker earns in finance comes with a drain, making the economy 60 cents worse off.
It's not especially confidence-inspiring to read that a guy with a spreadsheet can trick everyone into thinking that the market is crashing, and thereby cause the market to crash.
Zachary M. Becker, an assistant Franklin County prosecutor:
You had some rogue employees who took advantage of both the trust of their companies and their knowledge of the security measures ...
The massive screwup that led to the loss of funds is when the Marketing Director forwarded that [password reset] email to myself and the tech team member. He forwarded the password reset link. To the breached email account.
"The cause of the breach was human error. [Redacted] failed to check that the autofill function in Microsoft Outlook had entered the correct person's details into the email 'To' field. This led to the email being sent to the wrong person.
The immigration officer then recommended that the world leaders not be made aware of the breach of their personal information.