Computers are slowly taking over our lives, and according to various experts, they may in the future play a significant role in functions currently performed only by humans.<\/p>\r\n
But computers can also cause serious damage. For example, the predictions of economic and computer experts in Europe who claim that a few computer errors could bring down the global economy. Yes, no less.<\/p>\r\n
Professor Edward Tsang, director of the Center for Computational Treasury and Economic Agents at the University of Essex, was quoted on the nrg website as saying: "We have already seen two huge crashes that were driven solely by computer decisions. The first was in 2010, when a trillion dollars disappeared in a few minutes. The second was after the British decision to leave the European Union.<\/p>\r\n
\""Within seconds," says Tsang, "we saw a drop in the pound sterling exchange rate. In other words, we see computer activity that is literally operating alone and erasing huge sums of money, and this is when no one is state-supervising the field. Who said that these sophisticated algorithms that examine a fictional amount of information are good?"\"<\/p>\r\n
The expert explains that what is needed is regulation: "Often the operators of the software themselves do not know what they have on their computer. Therefore, there should be regulation in the field. Countries should require trading houses to first test and run their algorithms in a regulated manner, so that we know that they are working well and cannot make a mistake at the moment of truth and bring down the entire world economy because of incorrect information.".<\/p>\r\n
Tsang added: "We must be careful of sudden collapses that will overtake the markets due to the transition and dependence solely on computer systems. In the current situation, such whims are expected to become increasingly common and could harm the market.".<\/p>","protected":false},"excerpt":{"rendered":"Computer algorithms make our lives easier, but they can also lead to major disasters, such as the predictions of European experts who mention that unsupervised computer activities wiped out a trillion dollars in a few minutes.","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[94],"tags":[16531,16530,16529,16532],"class_list":["post-337791","post","type-post","status-publish","format-standard","hentry","category-94","tag-16531","tag-16530","tag-16529","tag-16532"],"acf":[],"yoast_head":"\n