"Author of Humans vs. Computers, Gojko Adzic, picks his top five biggest tech mistakes of all time…
Humans have become increasingly reliant on technology to help ease and automate processes in our personal and professional lives. We’ve become so reliant in fact, that automation is expected to replace 25 million jobs within the next ten years.
Given that 30% of UK industries are expected to be automated by 2037, we’re facing the very real idea that robots and humans will be working side by side each day. This brings with it many benefits including freeing up humans for more complicated tasks and roles. However, it also means that robots, who rely on algorithms to run systems and calculations, will be at risk for huge mistakes.
As such, here are the top five biggest tech blunders in recent history that led to massive losses because of computer error. The are some of the worst, but serve as a reminder of similar crises...5 – Amster-damn!
In 2013, Amsterdam surprised 9,000 of its poor residents with an early Christmas gift. Through a mathematical error and miscalculation of decimals, like in our #3 example, the city council ended up paying out house assistance benefits in Euros rather than cents.
The mistake ended up costing the council a total of €188 million, rather than €1.88 million..."
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