Sunday, December 10, 2017

Meet Your New Boss: An Algorithm

Meet Your New Boss: An Algorithm

https://www.wsj.com/articles/meet-your-new-boss-an-algorithm-1512910800

A robotic arm is used inside a General Electric Aviation plant in Evendale, Ohio. Now, software also is starting to take on management tasks that humans have long handled.

Established companies like Royal Dutch Shell PLC and General Electric Co. are following in the footsteps of the pioneers of the "gig" economies. Private companies such as, Uber Technologies Inc., have emerged as very valuable organizations, due ton their usage of apps, and other technologies to deliberate tasks to an army of multiple self employed workers. Companies believe that this new means of using technology more in the workplace, enables them to be more efficient as well as making employees be able to be able to do a wider range of jobs.

However, the software is also starting to take on more managerial tasks, such as making schedules and overseeing strategic projects. These management tools are part of a broader shift to apply artificial intelligence to hiring and other human-resources work. The overall human resources and workforce management software market is experiencing vast growth, and is expected to experience approximately a 25% increase by the year 2020.

There is research being constructed that backs up the claim that computers may be better suited for some managerial tasks than humans are. This research is mainly based on the fact that humans possess more bias and use intuition to make decisions, whereas machines are suited to deliver more data driven decisions. However, it is not a closed deal, because other researchers revealed that AI systems also have disadvantages, based on the fact that they use prior data to make decisions, which would make them bad at predicting rare occurrences. 

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