Vocabulary - 27/10/2023

knowledge economy (noun)

The knowledge economy relies on the generation and application of intellectual capital.

an economic system that is based on the production and utilization of knowledge and information

profession (noun)

Professions such as law and medicine are heavily impacted by the algorithmication of jobs.

a paid occupation that requires specialized training and education

legitimate (adj)

Legitimate peripheral participation involves learning a job by observing experts.

conforming to recognized principles or accepted rules and standards

short-sighted (adj)

Relying solely on algorithms may lead to short-sighted decision-making in the long run.

lacking foresight or considering only immediate benefits

transparent (adj)

It's important for AI technologies to be transparent so that users can understand how decisions are made.

open and easily understood; free from hidden agendas or secrets