Fourth Industrial Revolution

Human Society Production and Utilization of Wealth  Are we on the cusp of a Fourth Industrial Revolution?  Will it be a force for good or evil?  Will it provide new opportunities for all, or will it exacerbate inequalities? Davos ‘16 > Randomness/unintended Economic Theory and Systems Economic Theory: index of economic freedom Economic Systems Historical development of economic systems Capitalism Centrally-planned systems Appraising economic systems The Consumer and the Market Scarcity, utility, and value: behavioral economics: | Valuation Consumer behavior: Buying Decisions | inelasticity Markets: markets hate uncertainty Price system in capitalist economies Organization of Production and Distribution Organization of the production of goods Marketing and Merchandising Inputs of the productive process Institutions that facilitate business formation, production, output Money Currency & Exchange Stock exchanges: AI Banks International: Bank for International Settlements BIS economic statistics business organization stock markets: Volatility Index (VIX) fear index Agricultural economics International trade Government’s role in production & distribution: privatization Methods of business organization Advertising & Promotion Distribution of risk Consumer credit: Don’t use a credit card for a loan sp Distribution of Income and Wealth the rich get richer and the poor get poorer Matthew Effect Distribution by categories of the population: Forbes 400 | gini coefficient How government affects the distribution Capitalism Taxation Laffer Curve postulates that no tax revenue will be raised at the extreme tax rates of 0% and 100% and that there must be at least one rate where tax revenue would be a non-zero maximum. Poverty Macroeconomics National income and employment theory misery index unemployment: U3 and U6 Intl. equilibrium and disequilibrium Business cycles Inflation and deflation key indicators: monetary velocity Economic Growth and Planning Nature and causes of economic growth Planning for economic growth and stability Government Finance Growth  books, forums, journals: innovation: The Fourth Industrial Revolution Schwab | behavioral: Misbehaving Thaler | Capital in the Twenty-First Century Piketty big ideas | Stealth of Nations by Neuwirth | The Mystery of Capital De Soto | The Wealth of Nations Smith | Wall Street Journal | World Economic Forum Davos

Davos 2016: Fourth Industrial Revolution


Smart Grid books

Internet of Things and the ethics of our machines

by scott pickard

These topics are extremely worthy of discussion because I fear there is an inevitable march towards the dystopian visions we have had as long as we’ve created Science Fiction. The Internet of Things (IoT) will grow at an accelerating pace that we cannot understand and it will covertly saturate our lives without us fully realizing the unintended consequences of these changes. We will adapt and acquiesce to this world in marginal steps that seem relatively harmless to us (look at what has happened with privacy in the Facebook era) and in fact we may accept this as the inevitable advancement and trade-offs of our technological society. IoT will bring more of everything to us but at a cost that we will not fully realize in terms of privacy, surveillance, and most importantly self-determination. We will be so reliant on IoT and machines that there will be no turning back.

Internet Internet of Things (IoT) big ideas There are more than 2.5 billion people worldwide who are connected to the Internet, but in 2014 there are over 10 billion things that are connected to the Internet and growing every minute! in general: air quality egg | application development platform: thingworx | connect devices: electricimp, flic, Nest | embedded systems: freescale | enterprise: jasper | human interface: glass | industrial: Industrial Internet of Things (IIoT) > Manufacturing | mapping: Memex | plants: PLEASED | theinternetofthings |

The Connectivist


On continuosly saving energy

What comes next after running through all the energy cost reduction measures you can do in a given building?  it would be: (a) adding renewable energy systems; (b) getting better human engagement; and (c) advancing the technologies.

BUT, the big question is, are you really saving energy? Can you prove it by your year-over-year utility bills?