But economists are sharply divided over how disruptive the long -
term impact of technology will be.
«On top of AI, I think a lot of the hype just now is unhelpfully overstating the short - term impact but is underestimating the long -
term impact of these technologies,» he said.
Our aim is to provide a meeting point for a deep and substantive discussion about the long -
term impact of these technologies, and how they might come to be broadly adapted in the industry as a whole.
Not exact matches
Important factors that could cause actual results to differ materially from those reflected in such forward - looking statements and that should be considered in evaluating our outlook include, but are not limited to, the following: 1) our ability to continue to grow our business and execute our growth strategy, including the timing, execution, and profitability
of new and maturing programs; 2) our ability to perform our obligations under our new and maturing commercial, business aircraft, and military development programs, and the related recurring production; 3) our ability to accurately estimate and manage performance, cost, and revenue under our contracts, including our ability to achieve certain cost reductions with respect to the B787 program; 4) margin pressures and the potential for additional forward losses on new and maturing programs; 5) our ability to accommodate, and the cost
of accommodating, announced increases in the build rates
of certain aircraft; 6) the effect on aircraft demand and build rates
of changing customer preferences for business aircraft, including the effect
of global economic conditions on the business aircraft market and expanding conflicts or political unrest in the Middle East or Asia; 7) customer cancellations or deferrals as a result
of global economic uncertainty or otherwise; 8) the effect
of economic conditions in the industries and markets in which we operate in the U.S. and globally and any changes therein, including fluctuations in foreign currency exchange rates; 9) the success and timely execution
of key milestones such as the receipt
of necessary regulatory approvals, including our ability to obtain in a timely fashion any required regulatory or other third party approvals for the consummation
of our announced acquisition
of Asco, and customer adherence to their announced schedules; 10) our ability to successfully negotiate, or re-negotiate, future pricing under our supply agreements with Boeing and our other customers; 11) our ability to enter into profitable supply arrangements with additional customers; 12) the ability
of all parties to satisfy their performance requirements under existing supply contracts with our two major customers, Boeing and Airbus, and other customers, and the risk
of nonpayment by such customers; 13) any adverse
impact on Boeing's and Airbus» production
of aircraft resulting from cancellations, deferrals, or reduced orders by their customers or from labor disputes, domestic or international hostilities, or acts
of terrorism; 14) any adverse
impact on the demand for air travel or our operations from the outbreak
of diseases or epidemic or pandemic outbreaks; 15) our ability to avoid or recover from cyber-based or other security attacks, information
technology failures, or other disruptions; 16) returns on pension plan assets and the
impact of future discount rate changes on pension obligations; 17) our ability to borrow additional funds or refinance debt, including our ability to obtain the debt to finance the purchase price for our announced acquisition
of Asco on favorable
terms or at all; 18) competition from commercial aerospace original equipment manufacturers and other aerostructures suppliers; 19) the effect
of governmental laws, such as U.S. export control laws and U.S. and foreign anti-bribery laws such as the Foreign Corrupt Practices Act and the United Kingdom Bribery Act, and environmental laws and agency regulations, both in the U.S. and abroad; 20) the effect
of changes in tax law, such as the effect
of The Tax Cuts and Jobs Act (the «TCJA») that was enacted on December 22, 2017, and changes to the interpretations
of or guidance related thereto, and the Company's ability to accurately calculate and estimate the effect
of such changes; 21) any reduction in our credit ratings; 22) our dependence on our suppliers, as well as the cost and availability
of raw materials and purchased components; 23) our ability to recruit and retain a critical mass
of highly - skilled employees and our relationships with the unions representing many
of our employees; 24) spending by the U.S. and other governments on defense; 25) the possibility that our cash flows and our credit facility may not be adequate for our additional capital needs or for payment
of interest on, and principal
of, our indebtedness; 26) our exposure under our revolving credit facility to higher interest payments should interest rates increase substantially; 27) the effectiveness
of any interest rate hedging programs; 28) the effectiveness
of our internal control over financial reporting; 29) the outcome or
impact of ongoing or future litigation, claims, and regulatory actions; 30) exposure to potential product liability and warranty claims; 31) our ability to effectively assess, manage and integrate acquisitions that we pursue, including our ability to successfully integrate the Asco business and generate synergies and other cost savings; 32) our ability to consummate our announced acquisition
of Asco in a timely matter while avoiding any unexpected costs, charges, expenses, adverse changes to business relationships and other business disruptions for ourselves and Asco as a result
of the acquisition; 33) our ability to continue selling certain receivables through our supplier financing program; 34) the risks
of doing business internationally, including fluctuations in foreign current exchange rates, impositions
of tariffs or embargoes, compliance with foreign laws, and domestic and foreign government policies; and 35) our ability to complete the proposed accelerated stock repurchase plan, among other things.
On the other hand, the longer -
term impact and return
of disruptive
technologies is likely to be huge, if they survive the early challenges.
Such risks, uncertainties and other factors include, without limitation: (1) the effect
of economic conditions in the industries and markets in which United
Technologies and Rockwell Collins operate in the U.S. and globally and any changes therein, including financial market conditions, fluctuations in commodity prices, interest rates and foreign currency exchange rates, levels
of end market demand in construction and in both the commercial and defense segments
of the aerospace industry, levels
of air travel, financial condition
of commercial airlines, the
impact of weather conditions and natural disasters and the financial condition
of our customers and suppliers; (2) challenges in the development, production, delivery, support, performance and realization
of the anticipated benefits
of advanced
technologies and new products and services; (3) the scope, nature,
impact or timing
of acquisition and divestiture or restructuring activity, including the pending acquisition
of Rockwell Collins, including among other things integration
of acquired businesses into United
Technologies» existing businesses and realization
of synergies and opportunities for growth and innovation; (4) future timing and levels
of indebtedness, including indebtedness expected to be incurred by United
Technologies in connection with the pending Rockwell Collins acquisition, and capital spending and research and development spending, including in connection with the pending Rockwell Collins acquisition; (5) future availability
of credit and factors that may affect such availability, including credit market conditions and our capital structure; (6) the timing and scope
of future repurchases
of United
Technologies» common stock, which may be suspended at any time due to various factors, including market conditions and the level
of other investing activities and uses
of cash, including in connection with the proposed acquisition
of Rockwell; (7) delays and disruption in delivery
of materials and services from suppliers; (8) company and customer - directed cost reduction efforts and restructuring costs and savings and other consequences thereof; (9) new business and investment opportunities; (10) our ability to realize the intended benefits
of organizational changes; (11) the anticipated benefits
of diversification and balance
of operations across product lines, regions and industries; (12) the outcome
of legal proceedings, investigations and other contingencies; (13) pension plan assumptions and future contributions; (14) the
impact of the negotiation
of collective bargaining agreements and labor disputes; (15) the effect
of changes in political conditions in the U.S. and other countries in which United
Technologies and Rockwell Collins operate, including the effect
of changes in U.S. trade policies or the U.K.'s pending withdrawal from the EU, on general market conditions, global trade policies and currency exchange rates in the near
term and beyond; (16) the effect
of changes in tax (including U.S. tax reform enacted on December 22, 2017, which is commonly referred to as the Tax Cuts and Jobs Act
of 2017), environmental, regulatory (including among other things import / export) and other laws and regulations in the U.S. and other countries in which United
Technologies and Rockwell Collins operate; (17) the ability
of United
Technologies and Rockwell Collins to receive the required regulatory approvals (and the risk that such approvals may result in the imposition
of conditions that could adversely affect the combined company or the expected benefits
of the merger) and to satisfy the other conditions to the closing
of the pending acquisition on a timely basis or at all; (18) the occurrence
of events that may give rise to a right
of one or both
of United
Technologies or Rockwell Collins to terminate the merger agreement, including in circumstances that might require Rockwell Collins to pay a termination fee
of $ 695 million to United
Technologies or $ 50 million
of expense reimbursement; (19) negative effects
of the announcement or the completion
of the merger on the market price
of United
Technologies» and / or Rockwell Collins» common stock and / or on their respective financial performance; (20) risks related to Rockwell Collins and United
Technologies being restricted in their operation
of their businesses while the merger agreement is in effect; (21) risks relating to the value
of the United
Technologies» shares to be issued in connection with the pending Rockwell acquisition, significant merger costs and / or unknown liabilities; (22) risks associated with third party contracts containing consent and / or other provisions that may be triggered by the Rockwell merger agreement; (23) risks associated with merger - related litigation or appraisal proceedings; and (24) the ability
of United
Technologies and Rockwell Collins, or the combined company, to retain and hire key personnel.
It's worth noting that our primary focus was on
technologies that aided and improved primary care, which is about half
of the U.S. market in
terms of revenue dollars (there is no question that digital tools will successfully
impact specific acute diseases / disorders, but it's our intuition these are best left to 100 % focused HC investors).
«Autonomous vehicle
technologies will have a tremendous
impact on society in
terms of safety, mobility and security,» Chao said in an address at the Consumer Electronics Show on Wednesday in Las Vegas.
Some
of the same studies that describe the politico - economic
impact of the transfer
of modern agricultural
technology also raise questions about the long -
term environmental
impact.
In October 1977 the entire panel was assembled for an Energy Ethics Consultation, at which an effort was made to assess
technologies and policies for energy use and production in
terms of their consistency with Christian ethical concern for the social
impact.
One way, I believe, to address the problem
of under - reporting and increase the chances a concussion will be identified early on the sports sideline may be to rely less on athletes themselves to remove themselves from games or practices by reporting concussion symptoms (which the most recent study shows occurs at a shockingly low rate, [9] or on game officials and sideline observers to observe signs
of concussion and call for a concussion assessment, but to employ
technology to increase the chances that a concussion will be identified by employing
impact sensors designed to monitor head
impact exposure in
terms of the force
of hits (both linear and rotational), number, location, and cumulative
impact, in real time at all levels
of football, and in other helmeted and non-helmeted contact and collision sports, where practical, to help identify high - risk
impacts and alert medical personnel on the sideline so they can consider performing a concussion assessment.
While researchers continue to look for the concussion «holy grail» in the form
of specific
impact thresholds above which concussions are highly likely and / or the number
of impacts or the magnitude
of impacts per week or per season that substantially increase the risk
of long
term brain injury,
impact sensor
technology is available right now to do what we can to reduce total brain trauma by using
impact data to identify kids who need more coaching so they can learn how to tackle and block without using their helmets.
In
terms of safety, it also boasts safety features that exceed i - size standards, including energy absorbing materials and state
of the art side
impact technology.
Its strategy consists
of four key components: 1) Priority identification — we respond to the crop biotechnology needs and priorities identified by developing countries; 2)
Technology appraisal — we work to identify, evaluate, and facilitate the acquisition
of new crop biotechnology applications; 3) Project implementation — we implement a portfolio
of crop biotechnology projects that have a potential for near -
term impact in food, feed, fiber crops, and forestry; and 4) Services for the enabling environment — we provide advice and services to assist in the development
of an enabling environment to support the safe application
of crop biotechnology.
While there is awareness among automakers that these
technologies would yield benefits in
terms of their environmental
impact, its magnitude has been difficult to quantify.
The goal
of the report is to inform policymakers about
technology options for transforming energy production, distribution, and use to increase sustainability, support long -
term economic prosperity, promote energy security, and reduce adverse environmental
impacts.
Lentiviral vector
technology has come a long way since the 1990s, both in
terms of research
impact and safety.
This is vital to explore because the
impact of neural
technology extends beyond the lab setting into people's everyday lives, particularly because neural engineering devices are created for the long -
term goal
of helping people heal, feel and move again.
«NASA is proud
of our investment in the success
of small businesses and its long -
term impact on our economy,» said NASA Space
Technology Mission Directorate acting Associate Administrator Jim Reuter in a release issued by the space agency.
Technology has made such a big
impact on all
of our lives, especially in
terms of dating.
Not surprisingly, the success
of Turning the Pages, in
terms of visual and conceptual
impact as well as ease
of use, has led to other notable institutions adopting the
technology for displaying items from their collections online.
It is sometimes difficult to describe how
technology can
impact learning because the
term «
technology integration» is such a broad umbrella that covers so many varied tools and practices; there are many ways
technology can become an integral part
of the learning process.
Information
technology looks at the application and uses
of technology in
terms of how it
impacts pupils» day - to - day lives and the world around them.
While it is still too soon for us to know the long -
term impact of the flipped classroom approach on students and on educators» teaching practices, we do know one thing: flipped classroom exercises create opportunities for personalized learning, help teachers use classroom time more efficiently, and allow us to incorporate
technology into homework as well as classroom lessons.
Since effective
technology PD should be long
term to make an
impact on teachers» teaching practices and student learning (Gerard et al., 2011; Lawless & Pellegrino, 2007), the educational system, schools, and teachers need to have a shared vision
of PD plans to continually support teacher change in
technology integration practice (Twining et al., 2013).
In
terms of the influence
of big business, the following is a quote from a prophetic work, «Education and the Cult
of Efficiency», by Raymond E. Callahan, concerning the
impact of the Industrial Revolution (i.e.
technology) on our present day education system.
Vans & Minivans have started to catch up to the rest
of the industry in
terms of next - gen
technologies, with a new wave
of city - sized, high - efficiency commercial vans making a particularly welcome
impact in the marketplace.
One
of the obstacles publishers have faced in
terms of embracing
technology like Autography is the effort it takes to report sales
of these signed editions in order to
impact bestseller rankings.
Cathy Rentzenbrink, project director
of Quick Reads, said: «The potential
impact of technology on less confident readers is tremendous... [E-reading] allows adult learners to engage with books on their own
terms, aiding their learning and boosting their confidence too.»
It also features several top -
of - the - line design features that are surprising given its price range, including a proprietary nCache 2.0
technology that helps cache files faster on a high - speed buffer array before transferring them to long -
term storage, and a highly vibration and
impact - resistant design that's great whether you're lugging your PC around to LAN events, or looking to stick an SSD in your day - to - day laptop.
As a survey exhibition that is also an extended work itself, Relocating the Remains offers a broad look at the long -
term impact new media
technologies are already having, both in
terms of how we build and maintain our world views and the transformation
of exhibition spaces into open - ended and interactive environments.
The goal
of the paper I have just written is to «restart» the discussion
of climate change, which, as I see it, is on the verge
of disappearing from view, putting into cold storage both 1) the policy initiatives like carbon prices and regulations that could have short -
term impact on wedge
technologies like conventional renewables, efficiency, and CCS, and 2) commitments to the advancement
of a climate - change - driven research frontier.
This analytical report summarizes the evidence for the
impact of climate change on water and sanitation
technologies in the near to medium
term.
The president has glommed on to the
term «clean coal,» which originally referred to speculative
technologies for reducing the environmental and climate
impacts of burning coal.
There are a number
of emerging
technologies that have the potential to markedly reduce the human footprint at the global level, in
terms of energy, water, emissions
of contaminants and other
impacts.
Evaluate solar resource variability that
impacts large penetrations
of solar
technologies; Develop standardized and integrating procedures for data bankability; Improve procedures for short -
term solar resource forecasting; Advance solar resource modeling procedures based on physical principles.
However, were future
technologies and policies able to achieve a rapid reduction
of greenhouse gas emissions â $» an approach
termed â $ œmitigationâ $ â $» this would greatly lessen future global warming and its
impacts.
This guidance document examines the main commercially available renewable and non-renewable power generation
technologies, analysing their GHG emissions, but also trade - offs in
terms of: 1) environmental
impacts (
impacts on ecosystems, eutrophication and acidification, etc.), 2)
impacts on human health (particulates, toxicity) and 3) resource use implications (concrete, metals, energy intensity, water use and land use).
It assessed the
impacts of civil aviation in
terms of climate change and global air quality as well as looking at the effect
of technology options for the future fleet.
35 The Office
of Science and
Technology Policy (OSTP) had asked NOAA and NASA to provide this analysis
of possible options for mitigation
of the climate research
impacts of the NPOESS Nunn - McCurdy certification through 2026, along with an assessment
of the potential costs
of these options, with the primary goal
of ensuring the continuity
of long -
term climate records.
Finally, in
terms of transformation in the business
of law, Wardle refers to the ongoing
impact of globalization and new
technology that can be expected to spur new business practices that will not have been included in pre-licensing experiential training, with the result that licensing candidates will lack a key dimension
of entry - level competence to practise law.
«Our
technology will provide significantly higher forces and faster
impact cycles than have previously been possible, and by building these tools onto microfluidic devices, we can leverage a host
of other on - chip diagnostics and imaging tools and can collect the cells after testing for longer -
term studies,» said Valentine.
While there is almost certainly overuse
of the
term «AI» in some areas
of the market, the
technology is indeed making a genuine
impact on how legal professionals work.
Respondents to Briefing magazine's Legal IT Landscapes survey overwhelmingly agreed that machine learning / AI
technology would have the biggest
impact on legal services in
terms of efficiency and competitiveness within the next five years, and that within 10 years it was likely to produce a significant reduction in fee - earning staff.
The problem the customer faces with respect to the pricing for a long -
term outsourcing is to account for the
impact of time and associated changes on the marketplace (new
technology, new methodologies, new tools, resources, etc.), which, in the absence
of a benchmarking clause, would be external to the deal.
Here are some highlights on the predictions offered by the panelists: 1) class actions are not going away; 2) the continued growth
of mass commerce will continue to spawn class action litigation; 3) Justice Scalia's death will have a significant
impact on class action jurisprudence going forward and the judiciary is likely to get less friendly to defendants in the short -
term; 4)
technology will make a big difference for the better in managing class action litigation; 5) defendants will continue to come up with creative, far - reaching ways
of limiting class actions; 6) plaintiffs» attorneys will continue to bring class actions when a) they think they can make money and / or b) they think they will advance the public good; 7) there will be some good class actions and some horrible ones; 8) look out for states to pass new consumer protection laws similar to the New Jersey New Jersey Truth - in - Consumer Contract, Warranty and Notice Act (TCCWNA); 9) the TCPA and all - natural litigation booms will continue in the near future; 10) The CFPB will broadly define consumer finance services; 11) more class actions will go to trial; 12) what happens with the enforceability
of arbitration clauses will have a big
impact on the viability
of many categories
of class actions in the future; 13) look for more class actions in the federal courts in New York state.
It's important because it keeps us from making short -
term decisions; transparency forces us to consider
impact on the current and future team and helps safeguard us against some
of the compensation biases that run rampant in
technology.
It's a book hasn't been published yet, it'll come out next month, just talking really in quite technical
terms about how communication is changing, what how
technology is
impacting that, what data is doing to advertising and political campaigns and then using a lot
of case studies with a lot
of real examples
of artwork and targeting and psychographics and so forth to illustrate them.
The ECB outlined a number
of areas in which digital currency development could broadly
impact the traditional payments space, noting that defects in the remittance ecosystem could provide an opportunity for the
technology to flourish in the long
term.
Josh Olszwicz, a bitcoin trader, for instance, told Business Insider the news out
of China won't have a long -
term impact on bitcoin because it doesn't affect the cryptocurrency's blockchain, the underpinning
technology of the coin.