From 600+ conversations with the world’s leading thinkers.
There's a compelling hypothesis in the field of machine learning called 'overfitting,' where systems become so tuned to recognizing patterns that they falter when faced with new, unexpected scenarios. Interestingly, some computer scientists are exploring ways to inject noise into computational models to keep them adaptable.
The majority of US Equity HFT is employed in the strategy of liquidity provisioning, also known as electronic market making. Historically, such a service was provided by NYSE specialists and NASDAQ market makers but, with the advent of decimalization, human specialists and market makers were no longer able to keep up with the liquidity demands of investors and automated technology became necessary for this function.
In the advanced countries, it is a very challenging time for people in the middle-income and middle-education range. They are being subjected to greater competition from labour saving technology.
Technology, scale and globalisation has helped people involved in business- and led to increased incomes for many groups. The conundrum we have in society is that many of the 'less-skilled' members of the population have not done so well from these trends and that's part of the reason for backlash.
Online trolling and abuse is a real problem now. A lot of people who want to express an opinion now are fearful that they'll get piled-on. And there's no real immunity from it.
I'm genuinely convinced that the upcoming decade will be the era of India as a product nation. This presents a tremendous opportunity for India, and you might wonder why now? Broadly, it's a confluence of a few factors. First, the global demand driven by digital transformation isn't limited to Fortune 500 companies. We're discussing the Fortune 5 million here – from a small-scale apparel retailer, a neighbourhood restaurant to a colossal multinational, they all need to adopt technology.
The stress response is designed for '3 minutes of screaming terror across the Savannah.' If you're not experiencing such an intense moment, it's likely that your stress response isn't calibrated right. In our digital age, it might lead to an inadvertent 'reply all' or perhaps a hastily written email.
After each strike the drone would be updated with information about the actual destruction caused. If it did more damage than expected, then it could use this information to restrict its choice of weapon in future engagements.
If you're sourcing trainers from sweatshops, those sweatshops can be filmed on a mobile phone and that can go viral in hours, destroying shareholder value. There are no dark-corners in which supply chains can hide anymore.
We have been able to continue reactively where the pace of change has not outstripped our ability to react to it, but increasingly this is not the case and the pace of global change is pivotally now balanced with our ability to react, and soon will have a greater momentum than that.
I noticed trolling because I was a troll when I was a teenager. I was one of those guys who spent a lot of time on forums at the weekend – trolling people. Back then, it was more like pranking; sending people a dud-link that would send them to a weird cartoon or porn site.
The shift to impact is like the technological revolution- in fact, it is built on technology. Shifting to impact also doesn't necessarily mean you cannot achieve even greater profits. In todays' world, given consumer, talent and investor preferences – it's actually better to go to risk-return-impact if you want to maximise profits.