Singularity – A framework of corporate business in year 2050

Zovko, Vatroslav and Ćurković, Petar (2013) Singularity – A framework of corporate business in year 2050. = Singularity – A framework of corporate business in year 2050. In: 18th International Scientific Conference SM2013  Strategic Management and Decision Support Systems in Strategic Management, 18-19.04.2013., Subotica, Srbija.

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Future studies are seen as a prerequisite for the development of sustainable and prosperous society. Many countries, institutions and corporations invest substantially amount of resources into research of the future. One of possible and expected future scenarios is the rise of artificial intelligence. It is expected that between years 2030 and 2045 artificial intelligence will substantially surpass human intelligence. Robocup Federation, an international organization that promotes research and development in robotics, believes that around year 2050 autonomous robots will win a soccer game against the current soccer World Cup winners. In that manner, autonomous robots have the opportunity to take over most, if not all, repetitive and routine human activities. In addition to that, humans will be enhanced aided by artificial intelligence, creating consumers with instant, perfect information about the products and services offered on the market. On the other hands, labor market will be threatened by the emergence of (close to) humanoid autonomous robots that will potentially make much human labor force obsolete. What are the repercussions of artificial intelligence development in year 2050 for the corporate business? This paper tries to answer that question in the light of current technological trends and the future prospects. As a consequence, the term „corporation“ is redefined in the technological, social and economic context of the year 2050.

Item Type: Conference or Workshop Item (Lecture)
Keywords (Croatian): corporate business; singularity; artificial intelligence; future studies; business functions; prosumers
Subjects: TECHNICAL SCIENCE > Mechanical Engineering
Divisions: 900 Department of Robotics and Production System Automation > 920 Chair of Manufacturing and Assembly System Planning
Indexed in Web of Science: No
Indexed in Current Contents: No
Date Deposited: 11 May 2017 10:16
Last Modified: 21 Sep 2018 08:47

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