Coexistence of humans and machines is vital

On Friday, February 22, 2019, I presented at the International Conference on Business & Economics 2019 (ICBE HOU), at Athens, our latest Paper entitled: "What HR Professionals in Greece Believe About the Future of HRM".

The purpose of this article was to investigate the trends and potential options among organizations operating in Greece to create a framework of HRM rules that reinstates and strengthens human contribution and utility in the era of Industry 4.0.

Findings indicate that coexistence of humans and machines is vital to the sustainability and societal balance of an enterprise. HR professionals are responsible for the reform and development of human capital, giving people the values that they deserve, while rationally exploiting machines. Human resource department must re-strategize in order to stay abreast and relevant in this age of technology.

It is important to mention that 71.4% of research respondents said it is necessary for businesses to reduce the number of human workers in order to remain competitive, but 57.1% agree that the final decisions when managing a business need to be processed by humans.

 

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A technological revolution is underway

The Fourth Industrial Revolution is the heart of the World Economic Forum's (WEF) annual meeting this week in Davos, Switzerland. Technological advances are rapidly redefining how we produce, consume, communicate, and ensure human wellbeing.

Klaus Schwab, founder and executive chairman of the Geneva-based WEF, published a book in 2016 titled "The Fourth Industrial Revolution" and coined the term at the Davos meeting that year. Schwab argued a technological revolution is underway "that is blurring the lines between the physical, digital and biological spheres."

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Transformation of the music industry

This is a very interesting figure. Transformation of the music industry from the point of view of the type of revenue origin (1977-2017).

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Το νέο Σύνταγμα της Ελλάδας: Αναθεώρηση 2019

Ο Πρόεδρος της Βουλής των Ελλήνων υπέγραψε στις 23 Δεκεμβρίου, 2019, την παραγγελία για να δημοσιευθεί στην Εφημερίδα της Κυβερνήσεως το νέο Σύνταγμα της Ελλάδας. Αυτό ενσωματώνει το Ψήφισμα της 25ης Νοεμβρίου 2019, το οποίο περιέχει την τελευταία αναθεώρηση, που είναι η τέταρτη κατά σειρά, μετά από εκείνες του 1986, του 2001, και του 2008.

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How 5 of the largest corporations use AI in practice

Growth and sustainability in a corporate world of increased competition is not easy to achieve. Businesses around the world are in a fast pace environment where they exploit new technologies and advanced smart machines, such as with artificial intelligence and machine learning.

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Computer-managed funds instead of humans

In the 1980s and 1990s automated products emerged, such as quantitative hedge funds. Today, machines are gaining autonomy. This means that software programs using artificial intelligence (AI) develop their own strategies without needing human presence and guidance. Thus, hedge funders are using such mechanisms, as processing power grows alongside with the abilities of machines.

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