Nand Kishor Contributor

Nand Kishor is the Product Manager of House of Bots. After finishing his studies in computer science, he ideated & re-launched Real Estate Business Intelligence Tool, where he created one of the leading Business Intelligence Tool for property price analysis in 2012. He also writes, research and sharing knowledge about Artificial Intelligence (AI), Machine Learning (ML), Data Science, Big Data, Python Language etc... ...

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Nand Kishor is the Product Manager of House of Bots. After finishing his studies in computer science, he ideated & re-launched Real Estate Business Intelligence Tool, where he created one of the leading Business Intelligence Tool for property price analysis in 2012. He also writes, research and sharing knowledge about Artificial Intelligence (AI), Machine Learning (ML), Data Science, Big Data, Python Language etc...

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The Future Of Growth And Economic Development Powered By Human And Artificial Intelligence

Jun 13, 2017 | 2643 Views

> The recent technological advancement within Artificial Intelligence, the "Internet of Things", and Robotics has generated significant impact on traditional businesses.

> In the era of big data and Artificial Intelligence, we will soon be able to create the tools to better capture the value from Ideation and User Generated Content.

> The World is in the process of moving from a Consumer economy to a knowledge-based economy.

The recent technological advancement within artificial intelligence, the "Internet of Things", and robotics has generated significant impact on traditional businesses, causing decreasing profit margins across several sectors, whereas most of the big winners in the Wall Street IPOs are companies with innovative ideas from Facebook (NASDAQ: FB) and Twitter, (NASDAQ: TWTR) to Snapchat (NYSE: SNAP). There are two common determining factors among those successful IPOs: Ideation and User Generated Content (UGC).

In the era of big data and artificial intelligence, we will soon be able to create the tools to better capture the value from ideation and UGC, as well as spur economic growth by capitalizing on human ingenuity. With the ever-accelerating developments in technology, the world is in the process of moving from a consumer economy to a knowledge-based economy, and from a debt- based system to an equity based system, which will include movement from tangible assets to intangible assets. Hence we envision that our world economic system will operate on a new growth formula.

This growth formula is as follows:

IA > M1 ? IC + AI = W

which translate into Intangible Assets (IA) is greater than Money Supply ((M1)) - therefore - Intellectual Capital (IC) plus Artificial Intelligence (AI) equals Wealth (W).

With this formula, we are developing a new financial platform - The Artificial Intelligence Economic Development Corporation (AIEDC). This platform will combine artificial intelligence with human intelligence along with big data to spur long term sustainable economic development that will facilitate the discovery, as well as the advancement of ideas - from ideation to monetization, in the area of economic development through the creation of new businesses, land infrastructure projects, environmental projects, scientific research, and technological projects. Continue Reading>>

Source: Seekingalpha