Management in the Year 2050

Vatroslav Zovko ()
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Vatroslav Zovko: University of Zagreb - Faculty of Teacher Education, Zagreb, Croatia

Interdisciplinary Description of Complex Systems - scientific journal, 2018, vol. 16, issue 3-B, 417-426

Abstract: Future studies are seen as a prerequisite for the development of a sustainable and prosperous society. Many countries, institutions and corporations invest substantially in the research of the future. One of the possible and expected future scenarios is the rise of artificial intelligence. It is expected that between the years 2030 and 2045 artificial intelligence will significantly surpass human intelligence. The Robocup Federation, an international organization that promotes research and development in robotics, believes that around the year 2050 autonomous robots will win a soccer game against the current soccer World Cup winners. In that manner, autonomous robots will have the opportunity to take over most, if not all, repetitive jobs and routine human activities. In addition to that, humans will be aided by artificial intelligence, creating consumers with instant, perfect information about all the products and services offered on the market. On the other hand, the labour market will be threatened by the emergence of (close to) humanoid autonomous robots that will potentially make human labour force obsolete. What are the repercussions of the artificial intelligence development for the corporate business in the year 2050? This article tries to answer that question in the light of current technological trends and the future prospects based on scenario study developed by Deutsche Post. As a consequence, the term corporation is redefined in the technological, social and economic context of the year 2050.

Keywords: corporate business; singularity; artificial intelligence; future studies; business functions; prosumers (search for similar items in EconPapers)
JEL-codes: M15 O33 (search for similar items in EconPapers)
Date: 2018
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