This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Practically Human: Can Smart Machines Do Your Job?

"The fuel of science is data," he says. "We have so much more of that rocket fuel."

So far, public attention has focused on the potential threats to privacy as companies use technology to gather clues about their customers' buying habits and lifestyles.

"What is less visible," says software entrepreneur Martin Ford, "is that organizations are collecting huge amounts of data about their internal operations and about what their employees are doing." The computers can use that information to "figure out how to do a great many jobs" that humans do now.

Gary Mintchell, editor in chief of Automation World, recalls starting work in manufacturing years ago as a "grunge, white-collar worker." He'd walk around the factory floor with a clipboard, recording information from machines, then go back to an office and enter the data by hand onto a spreadsheet.

Now that grunge work is conducted by powerful "operations management" software systems developed by businesses such as General Electric Intelligent Platforms in Charlottesville, Va. These systems continuously collect, analyze and summarize in digestible form information about all aspects of factory operations â¿¿energy consumption, labor costs, quality problems, customer orders.

And the guys wandering the factory floor with clipboards? They're gone.


In the old days â¿¿ say, five years ago â¿¿ businesses that had to track lots of information needed to install servers in their offices and hire technical staff to run them. "Cloud computing" has changed everything.

Now, companies can store information on the Internet â¿¿ perhaps through Amazon Web Services or Google App Engine â¿¿ and grab it when they need it. And they don't need to hire experts to do it.

Cloud computing "is a catch-all term for the ability to rent as much computer power as you need without having to buy it, without having to know a lot about it," McAfee says. "It really has opened up very high-powered computing to the masses."

4 of 9

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,798.49 -14.90 -0.08%
S&P 500 2,090.11 +1.24 0.06%
NASDAQ 5,127.5250 +11.3820 0.22%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs