The Internet of Things – Module 3

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The Internet of Things – Module 3

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1) In One or Two Sentences – what is Gartner Referring to when They Speak of “Smart Machines”? 
 

Smart machines are devices made from intricate analytics which allow them to make autonomous decisions and execution them by learning the environment (Gartner, 2014). They include automated cars, robots, smart advisors and virtual assistants among other inventions. The machines are notably revolutionizing the field of IT by welcoming a new and smarter world. When Gartner speak about “smart machines,” they are referring to a device which will have the ability almost to think and reason like a normal human being. This is not the typical device or machine, but it is a machine that has integrated its environment, studied events of its surrounding and is thus able to execute tasks based on its analysis.

2) Discuss the State of Smart Machines Today and the Outlook for the Next Ten Years or so. Be Sure to Include Your Thoughts on Potential Pros and Cons, and Differing Points of View that Were Found in Your Reading. The Focal Point Should Be the Impact on Business, Management and Society.

Smart machines are becoming a necessary asset for companies that are sensitive to technological advancements. In the current age, smart machines are increasingly becoming relevant in offering solutions in business thus trivializing the need for human knowledge (Wirtham, 2014). Currently, they are taking over the manual as well as the brain knowledge and work that individuals used to hold on so dearly. The speed at which they are evolving at is groundbreaking (Schumpeter, 2013). In the next decade, the work positions of middle-class employees will become nonexistent. Even as this happens, most businesses are not ready to acknowledge the painful truth that human knowledge is being replaced by interactive smart machines.

In the field of business, the smart machines have been able to come up with credible and well thought out information. The process commences with small tasks from which self-learning occurs as the smart machines begin to handle more complex roles. Statistics can easily be projected, and outcomes predicted using the analytical skills of these devices. This strategically positions businesses for success. The revenue cost of utilizing IT as a workforce happens to be thirty-six times cheaper than employment of human labor (Gartner, 2013). With such advantages, a country can only be inclined to encouraging more innovation for the sake of economic progress. Balances through policies and regulations that check on innovations to avoid loss of jobs must, however, be in place.

Despite the benefits that smart machines have offered, there are still disadvantages facing their use. Firstly, the machines tend to displace workers leading to unemployment which is spreading at an alarming rate (Gartner, 2013). As they grow, these smart machines tend to destroy more jobs than they are creating thus leading to idleness among individuals (Schumpeter, 2013). Secondly, smart machines cannot be fully human in that they are unable to sympathize or relate with clients the way an average person would do. The cause for this would be the fact that they are not in a position to make rational decisions; rather, all they do is execute orders (Dewhurst & Willmott, 2014).

References

Dewhurst, M., & Willmott, P. (2014, September). Manager and machine: The new leadership equation. McKinsey & Copany.

Gartner . (2013). Gartner Says Smart Machines Will Have Widespread and Deep Business Impact Through 2020. Symposium/ITxpo. Orlando, Fla.

Gartner. (2014). Gartner Identifies the Top 10 Strategic Technology Trends for 2015. Gartner Symposium. Orlando, Fla.

Schumpeter. (2013, My 25). The age of smart machines. The Economist.

Wirtham , L. (2014, January 9). Smart Machines Shaping The Workforce Of The Future. Forbes.

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