Domain: weforum.org
Stories and comments across the archive that link to weforum.org.
Stories · 12
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Electronics Are 'the Fastest-Growing Waste Stream in the World' (vice.com)
Electronic waste is a growing threat to the environment. Thanks to the low cost of manufacturing, it's easier than ever for corporations to pump out millions of laptops, smart phones, internet of things devices, and other electronics. From a report: A new initiative combining the efforts of the United Nations and the World Economic Forum and the World Business Council for Sustainable Development wants to change that. The group formed the Platform for Accelerating the Circular Economy (PACE), and announced itself at Davos -- a yearly gathering of the world's wealthy elite -- where it released its first report. "E-waste is now the fastest-growing waste stream in the world," PACE's report said. "It is estimated this waste stream reached 48.5 million tonnes in 2018." Most of that waste comes from Europe and the United States and ends up in places like Nigeria and Hong Kong, which suffer the human and economic costs of disposing of the material. "The material value [of e-waste] alone is worth $62.5 billion, three times more than the annual output of the world's silver mines and more than the GDP of most countries," PACE's report [PDF] said. -
What is the Future of Office Spaces? (weforum.org)
An anonymous reader shares a World Economic Forum report: A lot of us spend long stretches in the office, but outdated design could be damaging our wellbeing and mental health. What's more, it's killing our productivity. One study found that office workers spend more time sitting than pensioners, which increases the risk of cardiovascular disease, type II diabetes and even cancer.
That's why forward-looking designers are finding ways to build spaces that heal rather than hurt us. Going beyond the already ubiquitous standing desks and social "breakout sofas," the office of the future is healthy, harmonious and happy. Here's how it's beginning to take shape. -
US is World's Most Competitive Economy for First Time in a Decade (wsj.com)
schwit1 shares a report: The U.S. is back on top as the most competitive country in the world, regaining the No. 1 spot for the first time since 2008 in an index produced by the World Economic Forum [Editor's note: the link may be paywalled; alternative source], which said the country could still do better on social issues. America climbed one place in the rankings of 140 countries, with the top five rounded out by Singapore, Germany, Switzerland and Japan. All five countries' scores rose from 2017, with the U.S. notching the second-biggest gain after Japan's. [...] The Global Competitiveness Report this year assessed 140 countries on 98 indicators that measure business investment and productivity. The indicators are organized into 12 main drivers of productivity including the nations' institutions, tech savvy, infrastructure, education systems, market size and innovation. -
Machines Are Going To Perform More Tasks Than Humans By 2025 (cnbc.com)
In less than a decade, most workplace tasks will be done by machines rather than humans, according to the World Economic Forum's latest AI job forecast. From a report: Machines will overtake humans in terms of performing more tasks at the workplace by 2025 -- but there could still be 58 million net new jobs created in the next five years, the World Economic Forum (WEF) said in a report on Monday. Developments in automation technologies and artificial intelligence could see 75 million jobs displaced, according to the WEF report "The Future of Jobs 2018." However, another 133 million new roles may emerge as companies shake up their division of labor between humans and machines, translating to 58 million net new jobs being created by 2022, it said. At the same time, there would be "significant shifts" in the quality, location and format of new roles, according to the WEF report, which suggested that full-time, permanent employment may potentially fall. Some companies could choose to use temporary workers, freelancers and specialist contractors, while others may automate many of the tasks. New skill sets for employees will be needed as labor between machines and humans continue to evolve, the report pointed out. -
The World Economic Forum Warns That AI May Destabilize the Financial System (technologyreview.com)
Artificial intelligence will reshape the world of finance over the next decade or so by automating investing and other services -- but it could also introduce troubling systematic weaknesses and risks, according to a new report from the World Economic Forum (WEF). From a report: Compiled through interviews with dozens of leading financial experts and industry leaders, the report concludes that artificial intelligence will disrupt the industry by allowing early adopters to outmaneuver competitors. It also suggests that the technology will create more convenient products for consumers, such as sophisticated tools for managing personal finances and investments.
But most notably, the report points to the potential for big financial institutions to build machine-learning-based services that live in the cloud and are accessed by other institutions. "The dynamics of machine learning create a strong incentive to network the back office," says the report's main author, Jesse McWaters, who leads the AI in Financial Services Project at the World Economic Forum. "A more networked world is more vulnerable to cybersecurity risks, and it also creates concentration risks." Further reading: AI to Reshape Finance, Say Executives Who Struggle to Define It. -
'Reskilling Revolution Needed for the Millions of Jobs at Risk Due To Technological Disruption' (weforum.org)
A new report, published by The World Economic Forum on Monday estimates that 1.4 million U.S. jobs will be hit by automation between now and 2026. Of those, 57 percent belong to women. Without re-education, 16 percent of affected workers will have no job prospects, the study finds. A further 25 percent would have one to three job options. The report adds The positive finding from the report is that with adequate reskilling, 95% of the most immediately at-risk workers would find good-quality, higher-wage work in growing job families. Report highlights the urgent need for a massive reskilling programme, safety nets to support workers while they reskill, and support with job-matching. -
'Reskilling Revolution Needed for the Millions of Jobs at Risk Due To Technological Disruption' (weforum.org)
A new report, published by The World Economic Forum on Monday estimates that 1.4 million U.S. jobs will be hit by automation between now and 2026. Of those, 57 percent belong to women. Without re-education, 16 percent of affected workers will have no job prospects, the study finds. A further 25 percent would have one to three job options. The report adds The positive finding from the report is that with adequate reskilling, 95% of the most immediately at-risk workers would find good-quality, higher-wage work in growing job families. Report highlights the urgent need for a massive reskilling programme, safety nets to support workers while they reskill, and support with job-matching. -
VC Firm Y Combinator Launches an Experiment In Universal Basic Income (fastcoexist.com)
New submitter Gordon_Shure writes: Silicon Valley startup financer Y Combinator, remembered for successes like Airbnb and Dropbox, is launching an experiment to give people a Universal Basic Income. At present, the plan is for hundreds of participants to get repeated cash payments unconditionally. Then, assessors will record life consequences like changes in work patterns, self-employment, artistic endeavors, or idleness.
Recent focus on UBI in Finland, Switzerland and other countries see proponents claim a basic income will — in a world facing structural unemployment due to jobs taken by automated AI, robotics and machines — combat poverty and work insecurity. Others remain unconvinced. What do you think about the significance of what this kind of small-population study would show? -
How Big Data Became So Big
theodp writes "The NYT's Steve Lohr reports that his has been the crossover year for Big Data — as a concept, term and marketing tool. Big Data has sprung from the confines of technology circles into the mainstream, even becoming grist for Dilbert satire ('Big Data lives in The Cloud. It knows what we do.'). At first, Jim Davis, CMO at analytics software vendor SAS, viewed Big Data as part of another cycle of industry phrasemaking. 'I scoffed at it initially,' Davis recalls, noting that SAS's big corporate customers had been mining huge amounts of data for decades. But as the vague-but-catchy term for applying tools to vast troves of data beyond that captured in standard databases gained world-wide buzz and competitors like IBM pitched solutions for Taming The Big Data Tidal Wave, 'we had to hop on the bandwagon,' Davis said (SAS now has a VP of Big Data). Hey, never underestimate the power of a meme!" -
Mum's the Word On Google Attack At Davos
theodp writes "BusinessWeek reports that the cyber attack on Google was the elephant-in-the-room at the annual meeting of world leaders in Davos. 'China didn't want to discuss Google,' Josef Ackermann, CEO of Deutsche Bank AG and a co-chair of this year's World Economic Forum, said in an interview. China's Vice Premier Li Keqiang made that clear, he added. Even Google CEO Eric Schmidt didn't bring up China, and Bill Gates was mum on the topic in an interview. The reluctance of companies to talk about China illustrates the pressure on them to protect their business in the country, while the US government doesn't want to upset Chinese investors, said Andy Mok of Red Pagoda Concepts LLC. 'People have their commercial interests,' explained Deutsche Bank's Ackermann." -
US Does Surprisingly Well in Internet Survey
Herman's hermit writes "A new report from the World Economic Forum ranks the US number four when it comes to 'network readiness,' despite the fact that the same report has the US 17th broadband subscribers and 19th in bandwidth. 'While good news overall for the US, which is poised to take full advantage of information technology gains, the report probably won't change many minds when it comes to talking specifically about US broadband deployment.'" -
Open-Source Streaming Translations in Porto Alegre
Roland Piquepaille writes "The World Social Forum (WSF) (choose your language on the site), which ends today in Porto Alegre, Brazil, has less money to spend on computing than the World Economic Forum (WEF) held in Davos, Switzerland. But at both events, many different languages were spoken, meaning that simultaneous translations were an absolute necessity. If the WEF can afford professional translators and costly computers, in Porto Alegre, translators are volunteers, and the software to distribute the translations is open-source. The NIFT (Nomad Interpretation Free Tool) was already used for the 4th WSF held last year in Mumbai, India. The free software, which runs on a simple PC, collects and digitizes the translations from the interpreters before broadcasting them to a variety of devices. In fact, the technically-advanced NIFT allows for real-time streaming over the Internet of speeches in several different languages. This overview contains many links, references and illustrations about the NIFT project."