Analysis – Page 2 – Impact Lab

2021 Predictions, Analysis, Education, Employment, Science & Technology News

These are the top 10 job skills of tomorrow – and how long it takes to learn them

October 31, 2020

Founder and Executive Chairman of World Economic Forum Klaus Schwab speaks during a session at the 50th World Economic Forum (WEF) annual meeting in Davos, Switzerland January 23, 2020.

Professor Klaus Schwab says technological innovation can be leveraged to unleash human potential.

50% of all employees will need reskilling by 2025, as adoption of technology increases, according to the World Economic Forum’s Future of Jobs Report.

Critical thinking and problem-solving top the list of skills employers believe will grow in prominence in the next five years.
Newly emerging this year are skills in self-management such as active learning, resilience, stress tolerance and flexibility.
Respondents to the Future of Jobs Survey estimate that around 40% of workers will require reskilling of six months or less.
Half of us will need to reskill in the next five years, as the “double-disruption” of the economic impacts of the pandemic and increasing automation transforming jobs takes hold.

That’s according to the third edition of the World Economic Forum’s Future of Jobs Report, which maps the jobs and skills of the future, tracking the pace of change and direction of travel.

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Analysis, Big Data, Business, Science & Technology News

The ‘failure’ of big data

October 30, 2020

In a May 2011 special research report, Big data: The next frontier for innovation, competition, and productivity, the management consulting firm McKinsey put forth the case that “Big data will become a key basis of competition, underpinning new waves of productivity growth, innovation, and consumer surplus.” The McKinsey report went on to note that, “The amount of data in our world has been exploding. Leaders in every sector will have to grapple with the implications of big data, not just a few data-oriented managers. The increasing volume and detail of information captured by enterprises, the rise of multimedia, social media, and the Internet of Things will fuel exponential growth in data for the foreseeable future.”

General usage of the term “Big Data” can be traced to the McKinsey report and similar reports from IBM that ensued around this time. The McKinsey report was prescient in its observations that “Leaders in every sector will have to grapple with the implications of big data, not just a few data-oriented managers.” In retrospect, this was the key insight. From this point forward, interest in data would no longer be limited to the purview of “a few data-oriented managers,” but rather would become the purview of “leaders in every sector.” The McKinsey report went on to describe the advent of the era of Big Data as heralding “new waves of productivity growth, innovation, and consumer surplus.” The report contained one important caveat however, noting that these advances were all predicated “as long as the right policies and enablers are in place.”

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Analysis, Big Problems, Brain, Science & Technology News, Trending

IQ rates are dropping in many developed countries and that doesn’t bode well for humanity

October 28, 2020

IQ rates are dropping and we’re too stupid to figure out why.

An intelligence crisis could undermine our problem-solving capacities and dim the prospects of the global economy.

IQ rates are falling across Western Europe, and experts are scratching their heads as to why.May 22, 2019, 2:31 AM MDT

People are getting dumber. That’s not a judgment; it’s a global fact. In a host of leading nations, IQ scores have started to decline.

Though there are legitimate questions about the relationship between IQ and intelligence, and broad recognition that success depends as much on other virtues like grit, IQ tests in use throughout the world today really do seem to capture something meaningful and durable. Decades of research have shown that individual IQ scores predict things such as educational achievement and longevity. More broadly, the average IQ score of a country is linked to economic growth and scientific innovation.

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Analysis, Coronavirus, Housing, Science & Technology News, Trending

COVID-19 has changed the housing market forever. Here’s where Americans are moving (and why)

October 21, 2020

Amid all the uncertainty brought on by COVID-19 over the past six months, one thing is assured: the pandemic has re-ordered real estate markets across the board on an unprecedented scale.

Some of this may be irreversible. Real estate’s re-sorting this time isn’t just based on markets crashing (the Great Recession), political turmoil (the 1979 oil embargo), or financial speculation (the first and second dot.com busts)—after which there’s generally confidence that overall consumer demand and buyer preferences will sooner or later snap back to normal.

Thanks to the COVID-19 pandemic, more deep-seated, tectonic-sized questions beyond markets and interest rates are being asked this time around that no one really has the answers to yet—like will people feel safer living in the south and southwest where they can spend all year social distancing outside? What if companies let workers work remotely for the rest of their lives? Why go back to retail shopping when I’m already ordering everything online? What’s the point of living “downtown” if half of the restaurants, bars, and museums never open back up?

How these questions get answered will fundamentally re-order how Americans live in the “new” pandemic normal, and as a result will play a huge X-factor in which cities and states will experience growth, demand, and price appreciation over the next 3-5 years, and which ones will stagnate and lose out. More broadly for large metropolises like Washington, D.C., New York City, and Philadelphia, the answers risk slowing or even reversing a wave of gentrification and wildly profitable downtown revitalization that’s been accelerating since before the Great Recession.

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AI, Analysis, Big Data, Big Problems, Food, Science & Technology News

An AI analysis of 500,000 studies shows how we can end world hunger

October 21, 2020

An Indian farmer dries harvested rice from a paddy field in Assam.

Ending hunger is one of the top priorities of the United Nations this decade. Yet the world appears to be backsliding, with an uptick of 60 million people experiencing hunger in the last five years to an estimated 690 million worldwide.

To help turn this trend around, a team of 70 researchers published a landmark series of eight studies in Nature Food, Nature Plants, and Nature Sustainability on Monday. The scientists turned to machine learning to comb 500,000 studies and white papers chronicling the world’s food system. The results show that there are routes to address world hunger this decade, but also that there are also huge gaps in knowledge we need to fill to ensure those routes are equitable and don’t destroy the biosphere.

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Analysis, Coronavirus, Entertainment, Science & Technology News, Trending

Pandemic accelerated cord cutting, making 2020 the worst-ever year for pay TV

October 1, 2020

The pandemic has accelerated adoption of a number of technologies, from online grocery to multiplatform gaming to streaming services and more. But one industry that has not benefited is traditional pay TV. According to new research from eMarketer, the cable, satellite and telecom TV industry is on track to lose the most subscribers ever. This year, over 6 million U.S. households will cut the cord with pay TV, bringing the total number of cord-cutter households to 31.2 million.

The firm says that by 2024, the number will grow even further, reaching 46.6 million total cord-cutter households, or more than a third of all U.S. households that no longer have pay TV.

Despite these significant declines, there are still more households that have a pay TV subscription than those that do not. Today, there are 77.6 million U.S. households that have cable, satellite or telecom TV packages. But that number has declined 7.5% year-over-year — its biggest-ever drop. The figure is also down from pay TV’s peak in 2014, the analysts said.

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Analysis, Housing, Science & Technology News, Trending

More Korean women live alone

October 1, 2020

More than 3.09 million Korean women live alone, with growing numbers engaged in economic activities, government statistics showed.

According to Statistics Korea, one-woman households accounted for 50.3 percent of the total 6.14 million single-person households this year.

The statistics agency expects the number to continue to rise to reach 3.23 million by 2025 and 3.65 million by 2035.

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Analysis, Automation, Healthcare, Science & Technology News

Making healthcare more affordable through scalable automation

September 28, 2020

As more healthcare companies start to implement automation technologies, the ability to coordinate across the organization in achieving scale will be a major determinant of success.

Automation technologies, such as robotic-process-automation bots, machine-learning algorithms, and physical robots, have the potential to reshape work for everyone: from miners to commercial bankers, and from welders to fashion designers—and even CEOs.

Our colleagues’ research on the future of work estimates that, using currently demonstrated technologies, almost half of the activities that people are now paid to do in the global economy could feasibly be automated. Certain types of repetitive and routine activities, such as data collection and processing, thus show a high automation potential. By contrast, certain tasks that are customer-facing or that involve innately human skills—such as creativity, problem-solving, and effective people management and development—are more resistant to automation (Exhibit 1).

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Analysis, Future, Health & Fitness, Healthcare, Robots, Science & Technology News

The future is cyborg: Kaspersky study finds support for human augmentation

September 27, 2020

LONDON (Reuters) – Nearly two thirds of people in leading Western European countries would consider augmenting the human body with technology to improve their lives, mostly to improve health, according to research commissioned by Kaspersky.

As humanity journeys further into a technological revolution that its leaders say will change every aspect of our lives, opportunities abound to transform the ways our bodies operate from guarding against cancer to turbo-charging the brain.

The Opinium Research survey of 14,500 people in 16 countries including Britain, Germany, France, Italy and Spain showed that 63% of people would consider augmenting their bodies to improve them, though the results varied across Europe.

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Analysis, Big Problems, Money Talk, Science & Technology News

‘We were shocked’: RAND study uncovers massive income shift to the top 1%

September 23, 2020

The median worker should be making as much as $102,000 annually—if some $2.5 trillion wasn’t being “reverse distributed” every year away from the working class.

Just how far has the working class been left behind by the winner-take-all economy? A new analysis by the RAND Corporation examines what rising inequality has cost Americans in lost income—and the results are stunning.

A full-time worker whose taxable income is at the median—with half the population making more and half making less—now pulls in about $50,000 a year. Yet had the fruits of the nation’s economic output been shared over the past 45 years as broadly as they were from the end of World War II until the early 1970s, that worker would instead be making $92,000 to $102,000. (The exact figures vary slightly depending on how inflation is calculated.)

The findings, which land amid a global pandemic, help to illuminate the paradoxes of an economy in which so-called essential workers are struggling to make ends meet while the rich keep getting richer.

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Analysis, Automobiles, Electric Automobile, Latest Trend, Science & Technology News

Germany in August – Electric vehicles crushing it at record 13.2 market share

September 22, 2020

Germany, Europe’s largest auto market, saw a record 13.2% plugin electric vehicle market share in August 2020, up over 5× from the 2.6% result of August 2019. This comes immediately after July itself broke new ground at 11.4% market share. The overall auto market in August was down 20% from an unusually high August 2019.

Pure battery electric vehicles (BEVs) and plugin hybrids (PHEVs) contributed fairly evenly to August’s plugin result, with 6.4% and 6.8% of the market, respectively. The year-to-date division of labour is 4.3% BEV and 4.8% PHEV, giving a cumulative plugin market share of almost 9.2% so far in 2020, up from 3.0% in full year 2019.

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Analysis, DNA, Environment, Historical Perspectives, Science & Technology News

Researchers reveal a much richer picture of the past with new DNA recovery technique

September 17, 2020

A shot of the Klondike region in the Yukon, where the permafrost samples containing sediment DNA, were collected.

Researchers at McMaster University have developed a new technique to tease ancient DNA from soil, pulling the genomes of hundreds of animals and thousands of plants—many of them long extinct—from less than a gram of sediment.

The DNA extraction method, outlined in the journal Quarternary Research, allows scientists to reconstruct the most advanced picture ever of environments that existed thousands of years ago.

The researchers analyzed permafrost samples from four sites in the Yukon, each representing different points in the Pleistocene-Halocene transition, which occurred approximately 11,000 years ago.

This transition featured the extinction of a large number of animal species such as mammoths, mastodons and ground sloths, and the new process has yielded some surprising new information about the way events unfolded, say the researchers. They suggest, for example, that the woolly mammoth survived far longer than originally believed.

Continue reading… “Researchers reveal a much richer picture of the past with new DNA recovery technique”