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Digital Divide

// Posted by on 06/06/2015 (12:36 PM)

I think that any organization that operates trading or sales to determine prices, manage risk or identify profitable opportunities would be concerned about the .001 of a cent. This desire for the .001 of a cent has pushed the financial… Read more

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I think that any organization that operates trading or sales to determine prices, manage risk or identify profitable opportunities would be concerned about the .001 of a cent. This desire for the .001 of a cent has pushed the financial trades to the limits of the speed of light. Computers are interacting with each other through algorithms trading among themselves and essentially leaving humans on the sidelines struggling to keep pace. The latency however, is important outside the trading markets and more and more organizations are seeking new ways to cut a few hundredths of a second off the speed it takes to transfer data.

In my opinion as financial securities become progressively complex, in order to be able to generate profits and reduce risk, it would demand that people understand the complex mathematical models that price securities. In addition, it would take a significant amount of engineering to build the infrastructure required to reduce latency and a team of highly skilled engineers designed many of the systems that are used in high frequency trading. These things alone would make trading extremely intimidating to the average individual.

Technology is racing ahead quickly and every day there are new advancements from fully automated cars, artificial intelligence systems that can understand and produce human speech, to robots that can do many of things humans can do. Overall, society has become more and more dependent on technology. While technology has improved our lives in several ways, it hasn’t done much to reduce the cost of health care or education.

Not everyone can work with technology and many relevant tasks require knowledge or advanced skills. Thus, technological advancements are leaving a large group of people behind. Many people are not getting the skills or support needed to participate in our rapidly changing economy or the changing society that is developing around them. Resulting in a greater divide and a need for better access to education.


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