Technology

Getting the technology we need

Why we need supermarket chains To an economist, technology is just a way of doing something. We all think of it slightly differently — the steam engine is a technology, the coal-fired power plant is a technology.  Both the latter are methods of producing energy or perhaps liberating it to the physicists, but what matters is how they are used ... Read More »

9 subtle ways technology is making humanity worse

  Technology has become so ingrained in society – and our daily lives – that it’s hard to remember what the world was like before it. Can you imagine doing your job without the help of technology of any kind? What about communicating? Or traveling? Or entertaining yourself?   While we owe a debt of gratitude to the brilliant minds who ... Read More »

How the big banks are betting on technology to boost profits

There are few business buzzwords that get more airtime than “disruption,” and few industries as exposed to this trend as financial services. KPMG last month predicted there would be more changes in banking over the next 10 years than we have seen in the past century, amid huge technological shifts that are transforming how we deal with money. The big ... Read More »

Modern Technology, Modern Mistakes

As employees grow more comfortable using new technologies, they could inadvertently be putting their enterprises at risk. Indeed, myriad innovations have made it easier for people to do their jobs more efficiently, says Todd Peterson, security evangelist at One Identity. At the same time, they’ve also made it easier for them to “play.” “Employees can now access any websites, such as ... Read More »

Facial Recognition Technology: Here Are The Important Pros And Cons

When you post a photo on Facebook, and the platform automatically tags the people in the image, you might not give much thought to the technology behind the convenience. However, when you discover that facial recognition technology could track you without your permission while you walk down a street in London, it might make you question the invasion of your ... Read More »

‘Technology has caused humanity to worsen’ – Meet the man who is working to fix it

Tristan Harris wants to reverse the harmful effects he believes technology has had on all of us. Harris, a former Google design ethicist, first rose to national awareness after a presentation he gave within Google in 2013 spread throughout the industry. In it, he argued that many tech products were designed to be addictive, causing people to spend too much ... Read More »

Caring for China’s senior citizens with smart home technology

  Charging elderly clients just one yuan or about 14 cents a day, little-known Lanchuang Network Technology Corp has embarked on one of the most ambitious undertakings in aged care by a private sector firm in China. Provided with a setup box, a webcam paired with a television set and “Xiaoyi”, a Siri-like voice assistant, customers gain access to telemedicine and ... Read More »

Technology may not create inequality, but it certainly enables it to thrive

Workers and supporters protest outside the Royal Courts of Justice during hearings over the rights of Uber drivers, October 2018. Photograph: Alastair Grant/AP Here is one of the great paradoxes of our time. The world is dominated by a few corporations that are among the most profitable companies in the history of capitalism. In the US (the home of these ... Read More »

3 Ways Technology Is Changing the Food-Growing Industry

  It’s happening right before our eyes — robots have submitted their resumes and are taking over human jobs. Robotics is certainly the change that we can neither deny nor refuse, the very next thing in technology. The effect of this “next level” is not limited to any industry. Apart from the threat it poses to human labor, which might imply job loss for many, ... Read More »

Industry 4.0: The Ways in Which Technology is Transforming Industry

While consumers are aware of how technology is delivering the world to their fingertips in a very literal way by bringing news, communication, and shopping options directly to their phones, they aren’t always aware of the ways in which technology is changing the way the products they use are made. The possibilities inherent in linking the capabilities of digitalization to ... Read More »