The metaverse is an exciting new frontier, and securing spatial ownership is vital to taking part in its exploration.
Very few concepts have the potential to revolutionise our digital lives quite like “the Metaverse” – but what is it?
There’s no need to overthink it; the metaverse is simply a 3D space we can explore.
Last week, my son’s foray into a virtual concert in Fortnite opened my eyes to the immense power of metaverses. This inspiring experience has left me with no doubt that this will be the future – and businesses need to act fast before they are left behind!
Companies worldwide should be asking: how can I make my presence felt in a virtual universe? The feature article delves into this fascinating topic and provides an insightful read on claiming your stake in the metaverse.
Disrupting the IT industry
Economic slowdown cannot stop IT’s ESG progress
An economic slowdown may be inescapable, but IT leaders must maintain focus on ESG initiatives. Discover why IT operations should continue to strive for sustainability.
Even with a consensus that we will experience an economic slowdown, 2023 is set to be the most active year on record for environmental, social and governance initiatives within IT departments.
Fueled by increasing government mandates, stock market investment trends and the genuine desire by IT leadership and staff to do the right thing for people and the planet, I expect ESG initiatives to be in the spotlight — and for that spotlight to shine directly on IT.
Here’s what I think is going to change over the next 12 months in support of IT teams that are actively working to help their organizations meet their sustainability objectives.
Small Data for sustainability: AI ethics and the environment
Moving away from the currently prevalent Big Data mindset towards a Small Data approach would help improve the sustainability of AI systems and would additionally have positive implications for fairness, (global) justice, privacy, transparency, and accountability.
New technologies have the potential to affect the environment in disruptive ways. In the emergence phase of new technologies, however, these impacts are often unclear or underestimated.
One of the main tasks of technology ethics is to proactively identify the potential harms of emerging technologies and possible ways to minimize them. Typical values considered by technology ethics include respect for human dignity and autonomy, beneficence, avoidance of harm, fairness, justice, and privacy.
Environmental sustainability is mainly discussed in relation to specific technologies (such as nuclear power and molecular biology) and application areas (transport, energy production, agriculture, etc.), but the relevance that ethical evaluations attach to it varies greatly across different technology fields.
How companies can practice ethical AI
As employers continue to adopt new AI-enabled technologies, they should strongly consider implementing a responsible AI policy and team to efficiently mitigate misuse.
Artificial intelligence (AI) is an ever-growing technology. More than nine out of 10 of the nation’s leading companies have ongoing investments in AI-enabled products and services. As the popularity of this advanced technology grows and more businesses adopt it, the responsible use of AI — often referred to as “ethical AI” — is becoming an important factor for businesses and their customers.
What is ethical AI?
AI poses a number of risks to individuals and businesses. At an individual level, this advanced technology can pose endanger an individual’s safety, security, reputation, liberty and equality; it can also discriminate against specific groups of individuals. At a higher level, it can pose national security threats, such as political instability, economic disparity and military conflict. At the corporate level, it can pose financial, operational, reputational and compliance risks.
Artificial Intelligence May Actually Help Humanize Financial Services
AI promises to deliver greater data democratization in an insular industry.
The financial services sector has long been criticized as being insulated, elitist, and discriminatory. Will artificial intelligence finally open up and “democratize” this industry? It’s likely, and will happen a number of ways – by empowering customers, by opening up services to underserved communities, and by increasing the breadth of capabilities companies can offer.
While still in the minority, a growing number of financial services executives are bringing in AI as a part of their customer experiences and operations. About half of 500 executives (48%) responding to a survey conducted by Economist Impact and SAS in March 2022 identified advanced data analytics as among the most important technologies to harness, and 34% specifically cited AI and machine learning as their paths to the future.
Former Google CEO outlines dangers of generative AI
Mitigating risks from generative AI tools such as ChatGPT means involving humans in final decision-making and establishing guardrails.
The rise of generative AI technologies such as ChatGPT will create new opportunities and risks, from new ways to spread misinformation to creating dangerous biological viruses.
ChatGPT and other large language models that can craft speeches, essays, software code and more will provide enhancements in education, healthcare, science and many fields, according to former Google CEO Eric Schmidt. He spoke during an online discussion with the Carnegie Endowment for International Peace earlier this month. Today he serves on a variety of boards and is a visiting fellow at MIT.
The world as we know it was shaped significantly by the early explorers who characterised what we now know as the Age of Exploration. For better or for worse, this period saw the exchange of ideas and technology across the globe, indelibly altering humanity’s shared reality.
In the current developing phase of the metaverse, we are seeing early explorers once again play a crucial role in shaping a new immersive future — one that blends physical and virtual realities.
Central to this new age of exploration is the concept of spatial ownership in the metaverse. Securing the rights to own, control and create new types of augmented and virtual reality experiences within virtual spaces has emerged as the means to staking a claim in this brave new world. Ownership matters in the metaverse as in the real world.
THE DIGITAL EYE
I am passionate about technology, and I want to share that passion with you. I believe that it’s essential for everyone to stay up-to-date on the latest trends, so I’ve set out to cover all aspects of the industry – from data analytics to blockchain and AI.
Please let me know if you want to see any other topics covered, and I would appreciate your help sharing this blog with others interested.