Category: Economics & Economy

Economics & Economy

Prose of the world: AI and Scenario AnalysesNew 

Whether you are a manager, investor, policy maker, or analyst some hue or the other, scenario analyses is part of your job portfolio. Analyses not just analysis, because the world is open to multiple interpretations, some credible, some beguiling. Since ‘analysing data’ has become easier and faster with some AI agent, as even Excel too will be embedded with AI, the job of all these professionals has more to do with building scenarios. How AI can assist you is really a function of the breadth of your thinking.

Sustainable AI

Land, Energy, Water – sounds like the demand of a people fighting for basics but these are three resources that will dominate public policy discussion in the world as cities vie with one another to attract companies to set up data centres. Sustainability has not been a subject of debate linked to data centres and AI but it should be. Given the intensity of water usage, it is imperative to make appropriate investments in water treatment.

Land-based business models in data centres

Land might well hold the key to building a business in data centres. While other factors such as connectivity, access to power are of course critical factors, everything starts with land. This means that landowners have emerged (even if they have not realized it) as key players in designing viable business models in the business of data centres. This is true for governments as well as they are among the biggest landowners. The current trend of using land for residential/commercial construction might shift towards data centres.

Four plus one

If the world is dynamic, there will always be a weakening or strengthening of exiting alignments and forging of new alignments. The likely differentiating factor now is that we will see a future where businesses and national governments will work more closely together than ever before. The reason is simple: (ignoring the domestic) governments have defined goals to face and take on the world for which they will need the support of business, who, in turn, will benefit from building businesses to a scale they could not have imagined

Private Equity, Public Inequity

Wilful ignorance is unpardonable in anyone, especially those responsible for policy-making, but that is exactly what is happening in healthcare. The business media’s staple diet everyday is valuations, return on investment and so on, with no attempt to look beyond financial and investment metrics to quality of patient care. Taking care of your health has never been more critical than ever before for a simple reason: you just can’t afford to fall sick.

Red flags

‘Data is the new oil’ – there is now a continuous stream of articles on how data is the new resource, but should be rephrased as ‘correct, relevant and complete data is the new oil’. While it doesn’t have the catchiness of the first, it draws attention to what is at stake because, as a corollary, false/incorrect data can be a drain on resources.

Who will bell the cat?

Now that AI is here to stay and proliferate, the question has turned to its adoption, almost inevitably getting posed in terms of size of companies, with, as you would expect, ‘surveys’ by leading consulting companies, who stand to gain in this evolving environment. Those who have followed the birth and growth of the internet and web-based applications and software will recall that this question was asked then, in the early 2000s. however, there is an inconclusive collage of views

A White jolt

A once in four years change (the change in the US Presidency) has unleashed changes, some firm and some inchoate. There will be some short-term and some long-term changes, as well as because of the ongoing war in Ukraine. Defence expenditure, and energy security will dominate national and regional discussions. Renewable energy and nuclear energy (and therefore uranium enriching capacity, currently highly skewed) will see major changes.

The tyranny of laziness

Upsetting the Apple cart brings unpleasant experiences to those invested in the established order and hence their resistance to change. In education, upsetting the Apple cart can have far-reaching impact

Ready to respond to the world?

If the world is dynamic, you cannot but be otherwise. And to be dynamic, you need to continuously update your knowledge and skills, either or both, depending on your area of work. And that is possible only if a curriculum is developed which incorporates the changes that need to be addressed. An outdated curriculum doesn’t prepare students for a changing world

Presenting a better face (than there is)

The concern for the environment is becoming a factor in influencing buying decisions of some consumers, however small, especially among those with the capacity for discretionary buying. Many companies have been resorting to a misleading practice called greenwashing to woo such consumers. On the other hand, environment compliance is getting reduced to just form-filling

The futures of planet earth

Multiple agendas are being pursued to save planet earth – fight against global warming, climate change, loss of biodiversity, ecological imbalances, but compulsions of electoral politics and business interests will ensure that nothing beyond lip service is available to any agenda that has no business potential. While this fight must continue, we must focus on energy efficiency and efficiency in waste management, as every alarming signal is ignored.

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