How algorithms shape our world.
We are living in a world design for algorithm. It is shaping our world and by living in it's design is increasingly controlling our lives, as well as being a major role in our everyday lives. From Wall Street to Netflix, algorithms have been solving step by step on solutions for the problem. It has even made a big spy plane look like small flock birds and bring it back as a whole. It has determined, espionage tactics, stock prices, movie scripts, and architecture. However, algorithmic trading is hardly understood. We are writing codes we can't understand, with implications we can't control. These algorithms is not an information site like Google you can't normally see them.
In the stock market algorithmic trading is relied upon. Which possibly this trading includes your pension fund and your mortgage. In the video "How Algorithms Shape Our World" with Kevin Slavin he discusses how the world we are living is designed for algorithms. He also discusses that some of this trading requires speed in transferring data, which needs to close to a fiber optic cables. That is why trading companies like in Wall Street are buying places close to one point near Carrier Hotel in New York. And not only that from Chicago and New York a new fast speed cable is being built between them, just to take away the time to place a trade by a few microseconds.
Going back to the stock market and not being able to understand the codes, algorithms can be somewhat scary. When the Flash Crash 2:45 happened no one actually knew about it or what happened to it. And if algorithmic trading, like in Wall Street, just crashed again and went awry, how would we know, what would it look like? Whether we like it or not, algorithms, same with nature and humans, are the forces that are shaping our world.
In the stock market algorithmic trading is relied upon. Which possibly this trading includes your pension fund and your mortgage. In the video "How Algorithms Shape Our World" with Kevin Slavin he discusses how the world we are living is designed for algorithms. He also discusses that some of this trading requires speed in transferring data, which needs to close to a fiber optic cables. That is why trading companies like in Wall Street are buying places close to one point near Carrier Hotel in New York. And not only that from Chicago and New York a new fast speed cable is being built between them, just to take away the time to place a trade by a few microseconds.
It has now been part of our everyday lives. Architecture uses algorithms to make a better resources, and the cleaning robots are one example. In the video with Kevin Slavin the architectural algorithms that drive their computer codes, the types of models have different ideas about what cleaning means, as they go around dirty floors. When you are using Netflix to watch a movie or read a book online at the end you get a recomendations on what you may interesting in seeing next. Algorithms are being used to analyse and predict behavior on the human world. This algorithm is truly shaping our culture.
Going back to the stock market and not being able to understand the codes, algorithms can be somewhat scary. When the Flash Crash 2:45 happened no one actually knew about it or what happened to it. And if algorithmic trading, like in Wall Street, just crashed again and went awry, how would we know, what would it look like? Whether we like it or not, algorithms, same with nature and humans, are the forces that are shaping our world.
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