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ATINER: “Artificial Intelligence and Labor Market Effects”

  

Inspired by a paper recently released by the Macdonald-Laurier Institute (20230831_Artificial-Intelligence-Cross_PAPER.pdf (macdonaldlaurier.ca), ATINER would like to organize a roundtable discussion on “Artificial Intelligence and Labor Market Effects“. This roundtable discussion will be organized by ATINER’s Business, Economics and Law Division (www.atiner.gr/blrd) (Director: Dr. Michael P. Malloy, Distinguished Professor & Scholar, University of the Pacific, USA) as part of the 17th Annual International Conference on Global Studies: Business, Economic, Political, Social and Cultural Aspects (18-21 December 2023), Athens, Greece (www.atiner.gr/cbc).

Dr. Gregory T. Papanikos, President, Athens Institute for Education and Research (ATINER)

Artificial intelligence (AI) is emerging as the most discussed technological, social, and economic phenomenon of 2023. But many people are concerned that if it proves to be an improvement over human intelligence, AI will significantly reduce the demand for labour, especially for middle-class jobs.

This paper looks at the possible economic impacts of AI. It makes no attempt to forecast how AI will evolve and does not address broader concerns about whether
the capabilities of AI will outrun the ability of humans to understand and manage this technology. Rather, it examines the economic impact of AI so far and compares its evolution with past forecasts of how technological change would affect workers. It cautions against a rush to increase government regulations and spending based on as yet unfounded concerns about the impact of AI on jobs.

Machine automation has been feared for its impact on human jobs since the Industrial Revolution began. Earlier eras of automation disrupted employment patterns in farming and factories, but overall job growth actually accelerated as higher incomes drove the expansion of other industries. Despite that experience, there are numerous forecasts that the deployment of AI will lead to widespread job losses.

Compounding the anxiety of potential job losses is the fear that AI will displace  middle-class jobs and that the rewards from the widespread deployment of AI will accrue to a small number of people who own the capital and will thereby increase inequality.

The reality is that recent developments in the labour market are the exact opposite of these gloomy predictions. Employment rates are at an all-time high. The main difficulty of employers is finding workers in a labour market where unemployment is near historic lows. While AI technology was predicted to be a unique threat to white collar jobs, white collar employment in Canada, the US, and Britain continues to increase steadily. This raises the possibility that AI will be deployed to help workers do their jobs better – not to get rid of employees.

More: Philip Cross,Artificial Intelligence”

Atiner Conferences

 

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Organizations today face ten significant shifts. Here’s what to do about them

 

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Business leaders around the world are currently addressing not only economic volatility, geopolitical instability, and the lingering effects of the COVID-19 pandemic but also a range of organizational shifts that have significant implications for structures, processes, and people. The shifts include complex questions about how to organize for speed to shore up resilience, find the right balance between in-person and remote work models, address employees’ declining mental health,1 and build new institutional capabilities at a time of rapid technological change, among others.

To help CEOs and their leadership teams consider such questions, we have launched McKinsey’s The State of Organizations 2023 report. The report is an account of an ongoing research initiative that seeks both to pinpoint the most important shifts that organizations are grappling with and to provide some ideas and suggestions about how to approach them.

As part of the research, we conducted a survey of more than 2,500 business leaders around the world.2 Only half say their organizations are well prepared to anticipate and react to external shocks, and two-thirds see their organizations as overly complex and inefficient. We also spoke with business leaders to gather inspiring stories and best practices from beacons—organizations that have been able to adapt to recent economic and operational disruptions and forge new paths. Finally, we developed four points to consider in addressing the ten organizational shifts, leveraging the survey results, the quantitative research with executives, and insights from our work in the field and through existing McKinsey research.

The ten most significant shifts facing organizations today

Through the State of Organizations Survey, conversations with CEOs and their teams, and the findings of recent McKinsey research, we have identified ten of the most important organizational shifts that businesses need to address today. These shifts are both challenging and harbingers of opportunity, depending on how organizations address them.

1. Increasing speed, strengthening resilience.

2. ‘True hybrid’: The new balance of in-person and remote work.

3. Making way for applied AI

More: Full Report (92 pages)

Authors:  Patrick GuggenbergerDana MaorMichael Park, and Patrick Simon

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BCG – Most Innovative Companies 2023

For the third straight year, the evidence is mounting: companies that both prioritize innovation and make sure that they are ready to act are widening the gap over less capable competitors. The leaders at these firms are consistently delivering new products, entering new
markets, and establishing new revenue streams. The laggards struggle to make headway beyond incremental improvements.

This year, the findings from our global innovation survey dovetail with other new BCG research showing that companies
built for the future share a common set of attributes that enable them to exhibit superior performance, be more resilient to shocks and disruptions, and exploit innovation faster for value-creating growth. In addition to people and technology capabilities (including, importantly, AI), one of these attributes is an innovation-driven culture.

In this year’s Most Innovative Companies report, we examine what innovation-ready leaders (those that are ready to develop product, process, and business model innovations that can deliver sustainable impact) are doing to pull ahead and how innovation is building their resilience to economic uncertainty and fueling their pursuit of lower emissions. In “A Downturn Ups the Stakes in Innovation,” we explore how a potential downturn in 2023 is evoking a much different response than did the 2009 financial crisis, especially among leading firms. In “How Early Winners Are Unlocking AI’s Potential,” we dig into the critical role of artificial intelligence (AI) in innovation as in many other areas of business today.

More: BCG Publications 2023

Innovation has never been more important—and leading innovators are showing why. The top 50 companies in the 2023 Most Innovative Companies report outperform the MSCI World Index on shareholder return by 3.3 percentage points per year.

How Leaders Are Demonstrating the Advantages of Innovation

In this year’s Most Innovative Companies report, we examine what innovation-ready leaders (those that are ready to develop product, process, and business model innovations that can deliver sustainable impact) are doing to pull ahead. We also discuss the importance of innovation in terms of how it helps leaders build their resilience to economic uncertainty.

Download the 2023 Most Innovative Companies report

The Formula for Innovation from Leading Companies

Leaders are consistently delivering new products, entering new markets, and establishing new revenue streams, while laggards struggle to make headway beyond incremental improvements.

Read chapter one

Explore the interactive rankings
Explore the interactive rankings
15-Years-Most-Innovative-Promo.jpg

17 Years of the Most Innovative Companies
BCG started publishing an annual innovation report—with its list of the 50 companies most admired by global innovation executives—in 2005. Explore the changing rankings and the rich history of innovation thought leadership.

A Downturn Ups the Stakes in Innovation

Times have changed. During the 2009 downturn, only 58% of companies planned to increase spending and almost 15% expected to cut innovation investment. Today, a growing number of companies are beginning to recognize the advantages of innovation, with 79% ranking it among their top three priorities (15 points more than in 2009) and 66% planning to increase spending (42% by more than 10%).

Read chapter two

How Early Winners Are Unlocking AI’s Potentials

The question is not whether AI can have an impact, but rather if companies are using AI properly and for use cases with the potential to drive real business value.

Read chapter three

Building Resilience and Advantage Through Innovation

Once again, we see the most innovative companies producing greater shareholder returns and building resilience and advantage through innovation. BCG’s 2023 global survey highlights the advantages of innovation and how leaders are outpacing others by using tools whose importance is climbing fast, such as M&Aportfolio planning, and AI.

Our 2023 survey found a near-record high level of innovation importance: 79% of companies ranked innovation among their top three priorities, up from 75% in 2022, and more than 40% expect to significantly increase spending this year, a jump of 16 percentage points over the last economic downturn in 2009.

But there is also an emerging group of companies that is going much further and putting innovation front and center in their future growth strategies. While all companies on average expect to allocate more money toward incremental innovations close to the core, this small group of innovation-ready companies is allocating fully one-third of spending toward developing breakthrough innovations.

These companies use a wide array of strategic tools to strengthen their innovation platforms and practices and are much more aggressive in their use of M&A, targeting innovative technologies or processes, or acquiring leaders and employees with a demonstrated ability to innovate. They also are more likely to orchestrate or participate in ecosystems, engaging with external partners—and even competitors—on innovations. They drive digital innovation with a clear bias toward new digital products, agile teaming, and improving customer and marketing insights. They leverage the power of innovation in AI, and regularly review the performance of innovation units or vehicles and shift resources toward centers of success. They understand that effective portfolio governance and management, especially with respect to data transparency, are key to driving impact.

Explore 17 years of the 50 most innovative companies

Authors: By Justin ManlyMichael RingelAmy MacDougallWill CornockJohann D. HarnossKonstantinos ApostolatosRamón BaezaRyoji KimuraMichael WardBeth VinerJean-Manuel IzaretWendi BacklerVladimir LukicSylvain Duranton, and Romain de Laubier

 

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Athens Institute for Education and Research Newsletter No. 20, April 2023

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Athens Institute for Education and Research
Newsletter No. 20, April 2023  

 
  • From 1 to 4 May ATINER successfully organized its Annual academic meetings (Sociology, Business Law & Economics, Ethics, Health & Medical Sciences, Nursing and Pharmaceutical conferences) in 9 Chalkokonidli str., Athens, Greece.
  • On Monday 1 May 2023, 18:00-20:30, a Round-Table Discussion on “The Post Pandemic World: Learning from Country Experiences was organized as part of the conferences. More information can be found at: https://www.atiner.gr/events/1May2023.pdf
  • On Monday 8 May 2023, 14:00-15:00, ATINER is organizing a Round-Table Discussion on “ Challenges for Mass Media and Communication: How to Cover Wars, Pandemics and Sports”. More information can be found at: https://www.atiner.gr/events/8May2023.pdf
  • On Tuesday 9 May 2023, 12:30-14:30, ATINER is organizing a Round-Table Discussion on “The Turkish Elections of 2023: National and International Facets”. More information can be found at: https://www.atiner.gr/events/9May2023.pdf
  • On Monday 15 May 2023, 18:00-20:00, ATINER is organizing a Round-Table Discussion on “ Teaching and Researching in the Post Pandemic World: Learning from Country Experiences”. More information can be found at: https://www.atiner.gr/events/15May2023.pdf

Publications Uploaded This Month


Events with a May Deadline 

26-29 June 2023

Abstract Deadline: 16 May 2023

 

 

3-6 July 2023

  • 21st Annual International Conference on Finance
    Academic Member Responsible for the Conference:
    Dr. Peter Koveos, Head, Finance Unit, ATINER & Professor of Finance, Syracuse University, USA.
  • 21st Annual International Conference on Accounting
    Academic Members Responsible for the Conference:
    Dr. Nicholas Marudas, Head, Accounting Unit, ATINER & Associate Professor, Mercer University, USA.
    Dr. Peter Koveos, Head, Finance Unit, ATINER & Professor of Finance, Syracuse University, USA.
  • 16th Annual International Conference on Languages & Linguistics
    Academic Member Responsible for the Conference:
    Dr. Valia Spiliotopoulos, Head, Languages & Linguistics Unit, ATINER & Instructor, Department of Language and Literacy Education, The University of British Columbia, Canada.
  • 13th Annual International Conference on Architecture
    Academic Members Responsible for the Conference:
    Dr. Nicholas N. Patricios, Vice President of Strategic Planning & Analysis, ATINER, Dean Emeritus & Professor, School of Architecture, University of Miami, USA.
    Dr. Clara Germana Gonçalves, Head, Architecture Unit, ATINER & Researcher, CITAD (Centro de Investigação em Território, Arquitectura e Design), Lusíada University and Invited Assistant Professor, Lisbon School of Architecture, University of Lisbon, Portugal.
  • 7th Annual International Symposium on “Higher Education in a Global World”
    Academic Members Responsible for the Conference:
    Dr. Nick Linardopoulos, Head, Education Unit, ATINER & Associate Teaching Professor & Public Speaking Course Coordinator, Rutgers University, USA.
    Dr. John Spiridakis, Co-Editor, 
    Athens Journal of Education & Interim Chair and Professor, St. John University, USA.

Abstract Deadline: 23 May 2023

 

10-13 July 2023

Abstract Deadline: 30 May 2023

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Sidsel Norvik, Director, Nor-Shipping: Nor-Shipping it is a world leading arena of the maritime innovations and business

Marek Grzybowski (5) questions to Sidsel Norvik, Director, Nor-Shipping, An exclusive interview to Baltic Journalist Maritime Club  of the Baltic Sea & Space Cluster  (BSSC)

The aftermaths of COVID and the attack on Ukraine has created huge waves of uncertainty and instability all over the world and anyone operating internationally is affected by geopolitical upheavals and the years ahead will focus on zero emissions and climate neutrality. The maritime business is indeed very complex, dynamic and fast evolving, which in turn makes an arena like Nor-Shipping very important. Nor-Shipping is a world leading arena, where cutting edge Norwegian and international companies showcase the innovations that deliver competitive advantage for their customers. Nor-Shipping’s partnership with WISTA is a key contributor in our effort to raise awareness of the challenges and the many great opportunities for women in shipping. Ocean Campus is an important part of the Nor-Shipping. It  is a dedicated island of exhibition booths showcasing some of the world’s leading maritime universities and colleges. Leading Ocean Campus Partner is the World Maritime University (WMU).

Marek Grzybowski: Maritime business today is shipping, ports and logistics, oil and gas production, offshore wind farms, fish and seafood production, it is sea tourism and exploration, it is science and education, it is a large area of ​​creating innovation, it is a specific community of people, business and people who love the oceans, they are partners in business, science and environmental protection. Can you briefly characterize the Nor-Shipping event?

Sidsel Norvik, Director, Nor-Shipping: Nor-Shipping is a world leading arena, where cutting edge Norwegian and international companies showcase the innovations that deliver competitive advantage for their customers. It is the place where the maritime, tech, finance and wider business segments cross paths to learn from one another, forge partnerships, and access new economic value creation.

The 22,000 m2 exhibition space is the beating heart of the week’s activity. This is where delegates and visitors can experience the products, services and companies that will help drive a new age of ocean industry development. Spiced with a lot of topical conferences and a dynamic after work festival, Nor-Shipping provide an invaluable combination of insight, business opportunities and social networking.

Marek Grzybowski: The maritime business is extremely complex, currently developing in close connection with IT, AI, space technologies, VR and IoT. What is the concept of presenting the business sector, science and companies just entering the maritime business in exhibition halls?

Sidsel Norvik, Director, Nor-Shipping: The maritime business is indeed very complex, dynamic and fast evolving, which in turn makes an arena like Nor-Shipping very important. Just by walking the isles, you get to experience the latest innovation and technology from a wide range of maritime segments and countries – all in one place.

You can also attend the Blue Talks, Technical seminars and the Offshore Aquaculture conference for free and you can upgrade your ticket with a small fee to join the 2nd Maritime Hydrogen Conference, the 1st Offshore Wind Conference, the 4th Int. Ship Autonomy and Sustainability Summit and a lot more. The program is vast and easily available to plan your participation.

Marek Grzybowski: Nor-Shipping is an opportunity to present the latest achievements in science and technology. However, the context in which the maritime economy functions cannot be avoided. Russia’s attack on Ukraine clearly affected the conditions for the functioning of the maritime economy. Nor-Shipping has confirmed that Joseph E. Stiglitz, the renowned Nobel laureate in Economics and former Chief Economist at the World Bank, will be a keynote speaker at this year’s Ocean Leadership Conference, taking place in Lillestrøm, Norway, 6 June. The war on land caused significant changes in the operation of maritime business. Do you expect this topic to come up during the 2023 Nor-Shipping Ocean Leadership Conference?

Sidsel Norvik, Director, Nor-Shipping: The aftermaths of COVID and the attack on Ukraine has created huge waves of uncertainty and instability all over the world and anyone operating internationally is affected by geopolitical upheavals and the years ahead will focus on zero emissions and climate neutrality. All in all a challenging landscape to navigate in. This year’s Ocean Leadership Conference will bring together high-profile international leaders, from the ocean industries and beyond, to ask how we can move forward towards collective goals, and individual business ambitions.

Together we will assess if partnerships between maritime players, energy suppliers, financial institutions, authorities and other central stakeholders holds the key to unlocking the energy transition and decarbonisation of shipping. The future will not be defined by individual companies, or isolated breakthroughs, but rather by how we move together for a profitable tomorrow.

Marek Grzybowski: The role of women in the maritime business is growing. WISTA Norway is a partner of Nor-Shipping. WISTA Norway launched ‘40 by 30’ Pledge to allow the maritime company to show that the company actively commit to promoting diversity in the maritime industry. Do you anticipate special businesswoman activity during meetings in 2023?

Sidsel Norvik, Director, Nor-Shipping: To improve conditions for women in shipping and increase number of women across the maritime industry is important. Nor-Shipping’s partnership with WISTA is a key contributor in our effort to raise awareness of the challenges and the many great opportunities for women in shipping.

Nor-Shipping has of course also signed the “40 by 30” pledge and urge others to follow. WISTA Norway is 35 years this year and will celebrate with a Leadership Award ceremony. They will also present “10 women to watch” together with YoungShip and execute their “Waves of change” program, which will be a series of topical session at the Blue Talk stage in Hall E.

Marek Grzybowski: Nor-Shipping launches Ocean Campus in partnership with World Maritime University. This is a new initiative. What is the mission of this event? What other events important for the maritime business will accompany Nor-Shipping 2023?

Sidsel Norvik, Director, Nor-Shipping: Ocean Campus is a dedicated island of exhibition booths showcasing some of the world’s leading maritime universities and colleges. Leading Ocean Campus Partner is the World Maritime University (WMU) and other Campus members include the Norwegian University of Science and Technology (NTNU), BI Norwegian Business School, UiT The University of the Arctic (UArctic), MLA College, Oslo MET, Alba Graduate Business School and SINTEF Ocean.

These universities and colleges represent a solid geographical spread and a wide range of maritime industry competency. Together they will form an Ocean Campus Committee of industry experts to tailor an exciting program for the main Ocean Campus day on Friday 9 June. The mission is to demonstrate how academia is adjusting to the maritime transition and what maritime career opportunities are in store for the next generation. We will stream this event to allow students and next generation shipping employees to get access from wherever they might be.

Marek Grzybowski: Thank you for your answers