Inequality and asymmetry in information »

Inequality and asymmetry in information »

Written by: Lucia Gallardo

technology as opportunity

we live one unprecedented technological moment. Invention cycles are faster than ever, but on top of that, we see inventions now touching every aspect of our societies. For these reasons, we have the opportunity to understand how. Technology doesn’t just solve problems, it also affects some of the fundamentals we need to change to tackle inequality.

For example, using blockchain and smart data strategies can help us deliver strategies with greater value and return to promote education or environmental protection. Likewise, they can contribute to providing incentives through daily advancement to communities that may be less likely to earn high incomes and therefore cannot promote education or social protection. With the same technologies, systems can be created registering and certifying land titles and property in rural communities, or improve public transport systems with data analysis based on demand and traffic in real time.

Similarly, projects using artificial intelligence to analyze labor market conditions and unemployment, encouraging internal migration according to the economic development of towns and cities in a country can help cities and communities grow.

Great advances have been made in all these digitization categories. As is already well known, inequality takes advantage of information asymmetry. Information asymmetry thrives where there is corruption, manipulation, and market dynamics that further impoverish the poor and reward bad actors. Only through greater access to information can greater transparency be achieved. Technology today has the capacity to combat this information asymmetry with traceability, data analytics, automation, and many other benefits that allow all members of an economic chain to grow together.

Technology and climate change

However, there are several factors that need to be evaluated. First, sustainable development It is not only about the environment, but also about social and economic development and the well-being of people. Everything consumes energy, but digitization It is more efficient for all of us to perform procedures more easily and not have to resort to a physical bank, so the energy consumption of a digital system returns better than a non-digital system.

In addition, we must consider what kind of energy is consumed. The Scandinavian countries or Austria produce renewable energy as the main or almost the main source for their country. Power supplies are more important than power consumption. And finally, technology offers many opportunities to reinvent our energy efficiency.

One of my projects recycles the heat emitted by our servers and turns them into a new heating source for water that would otherwise require electricity. We use this heating to heat water and then distribute it to public housing and public hospitals. By recycling heating, we have a huge impact on how much carbon we emit, so this system has a positive impact on tackling climate change.

Additionally, blockchain systems can help make markets more transparent for carbon, biodiversity and other social impact loans. We are currently working on projects to design financial instruments whose value rises and falls in real time based on environmental progress made by governments or end customers. These opportunities are now more possible than ever before thanks to technology.

Smart cities are a viable alternative

One of the many opportunities offered by new technologies is the so-called smart cities. Until now, our desire to create smarter and more digitized cities has fundamentally conflicted with our national and global goals to tackle climate change. It is well known that digitalization inherently consumes more energy, emits more carbon dioxide and has an aggressive impact on the environment and contributes to climate change.

It is important to recognize that technology has no cause and effect relationship with progress. Technology is an unbiased tool in the hands of people and with good or bad consequences for implementing strategies.

For example, what’s the use of placing a security camera facing a wall: it’s not at all. You have more technology, but as a result, the wall is being watched, not the door under another camera angle. When talking about smart cities, we have to evaluate what their strategy is, what technology is available and how it is formed, and also what the use of this technology requires. Therefore, it is also important for citizens to learn how technology is applied in their cities. That’s why leading countries and cities that do their jobs right and provide information and transparency to their citizens on the way to becoming a smart city will differentiate themselves by developing incredibly competitive ways globally.

Increasing access to technology and information

In countries like Honduras, two parallel strategies should be worked out to provide greater access to theory and knowledge. One is meeting people where they are, designing products and solutions that can be used from a non-smart mobile phone, have common interfaces, and can be used without a connection.

At the same time, we must accelerate the digital infrastructure needed to penetrate more national areas, whether by satellite or otherwise. Finally, it is important to consider this. connection penetration is not enough to digitize an economy. It is also necessary to aid education in the use of technology and to have intuitive interfaces for humans.

A few years ago, I did a study on penetration. smart phones Although the number of people using smartphones is growing rapidly in emerging markets and Latin America, data has been found showing that the vast majority of people use their smartphones in the same way as their non-smartphones: to send text messages and make calls. What was new was the use of Facebook and WhatsApp, but everything else remained the same.

This means that the full potential of a smartphone is not explored and apps in development remain undownloaded and unused. At best it is downloaded, but not used. Of course, this changes over time, but that’s when we need to reduce our go-to-market strategies by thinking carefully.

Inside it’s coming out We think a lot about the direct and indirect effects that one of our apps and solutions can have. We conduct robust analysis to strengthen adoption and reduce unintended consequences. I had to lecture on the use of technology in refugee camps, patiently explain the same thing to multiple people over and over, and even once in front of a crowd to make sure the device was what we said it would destroy a smart sensor. .what was it?

Emerge is an award-winning experimental lab with one goal: to set new precedents for how sustainable development, exponential technology and socioeconomic behavior combine. On the way to the fourth industrial revolution, you must be humble enough to meet people wherever they are. Innovators who understand this will achieve their goals.

About the author:

She was nominated for the 2022 Woman of the Year award by UC Berkeley and was awarded the Valle de Aburrá Metropolitan Region II. Lucía Gallardo from Honduras, invited to the Smart Cities Forum, spoke with Colombia Visible about how technological advances can close social and economic gaps. There are many in Latin American cities.

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#Inequality #asymmetry #information

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