Autonomous Economy
Autonomous Economy is a concept describing a futuristic model of universal commercial exchange supported by an amalgamation of what are today considered, disruptive platforms that, among other inputs, leverage Artificial Intelligence. Autonomous Economy is considered the product of Smart Economy, as is the case with Autonomous Cars with respect to Smart Cars. Three key enablers underpin an autonomous economic system; deep and broad platform connectivity and openness, continuous observation and adaptability, and the ability to monitor and evaluate it own learning. In short, if a smart economy is an IT-enabled economy, an autonomous economy is an IT-driven economy. The term was first defined by Yoav Intrator, of JPMorgan Chase & Co.[1] though had been used in passing by various technologists, including McKinsey's W. Brian Arthur.[2] The term has since been used by several commentators and corporations to uniformly conceptualize a similar multifaceted technological change that may soon affect the fundamental tenets of commercial exchange.[3][4] The phrase 'Autonomous Economy' has also been used in the context of job-loss through mass automation.[5][6][7]
References[edit]
- ↑ "Autonomous Economy: Coming sooner than you think | J.P. Morgan". www.jpmorgan.com. Retrieved 2019-03-24.
- ↑ "Where is technology taking the economy? | McKinsey". www.mckinsey.com. Retrieved 2019-03-24.
- ↑ Ganzevles, Giliam (2018-12-13). "Making the 5G economy a reality: Unmanned Life and Deutsche Telekom join forces to push the boundaries of 5G applications". Unmanned Life. Retrieved 2019-03-24.
- ↑ Oracle, The Crypto (2018-12-13). "The Fourth Industrial Revolution: The Rise Of The Autonomous Economy". Medium. Retrieved 2019-03-24.
- ↑ Low, Jonathan. "The Autonomous Economy: How Technology Is Destroying Jobs". Retrieved 2019-03-24.
- ↑ McCollum, C.P. (2015). The Autonomous Economy: The Strong Man. ISBN 9781514398623. Search this book on
- ↑ Choi, David (2019). "Net Job Creation in an Increasingly Autonomous Economy: The Challenge of a Generation". Journal of Management Inquiry: 1–6 – via SagePub.
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