The new technology revolution – impact on SL

September 1, 2016, 12:00 pm( Continued from yesterday )By C.R. de Silva,Retired World Bank Official Artificial Intelligence (AI) -The Second Machine Age is Here. The Nobel Prize winner in behavioural economics Daniel Kahneman, author of Thinking Fast and Slow, believes that robots will actually replace CEOs, which is well beyond the limits of manual or physical labour. His view is that there is no concrete evidence that expert human cognition does better than intelligently constructed formulas, meaning algorithms conjoined with artificial intelligence(AI) to create good business judgement. So, what is AI ? It is the invention and deployment to actual situations of intelligent or ‘thinking’ machines, which can complete cognitive tasks as distinguished from accomplishing purely physical ones, which robots could do as demonstrated earlier. Now, these automated digital machines…

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