McKinsey have produced a report on the role of generative AI on productivity and the future economy. The white paper can be found on their website. They launched the paper with a series of webinars, one of which I attended. Here are my notes and thoughts …
The first point they wanted to make was that t will not make programmers redundant. This is not the view of Forbes, who argue that these new machines will reduce the need for human programmers. My limited experience with ChatGPT suggests that its quite good at writing code, bit not so good at drafting laws, which is curious because as Lessig argues, “Code is Law”.
Historically IT has automated low wage information processing jobs. Information processing is considerably broader than paper pushing. The new generation of AI tools are capable of adding significant value to people working higher up the data, information, knowledge, wisdom pyramid. , such as teachers, lawyers and doctors.
The speakers at my webinar said that life’s getting better, a proposition I question. I add, economic activity still fundamentally requires inputs of labour and capital. It is my contention that software and information systems are difficult to…
