Vocabulary - 27/10/2023

knowledge economy (noun)

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

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

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profession (noun)

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

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a paid occupation that requires specialized training and education

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legitimate (adj)

Legitimate peripheral participation involves learning a job by observing experts.

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conforming to recognized principles or accepted rules and standards

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short-sighted (adj)

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

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lacking foresight or considering only immediate benefits

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transparent (adj)

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

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open and easily understood; free from hidden agendas or secrets

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