A digital twin of the landmark economic
simulator 'The Moniac', the FT Money Machine leverages Apple Vision
Pro to deliver an immersive and interactive experience
making economics education more effective and accessible
LONDON, Sept. 6, 2024 /PRNewswire/ -- Infosys (NYSE:
INFY), a global leader in next-generation digital services and
consulting, in collaboration with the Financial Times (FT), today
announced the digital revival of a pioneering piece of economic
history — the Monetary National Income Analogue Computer (MONIAC) —
courtesy of a groundbreaking new virtual reality experience, the
'FT Money Machine'.
Infosys and The Financial Times have taken economist
Bill Phillips' original invention, a
hydraulic analog computer created in 1949 that used water to model
and study economic systems, as the foundation for a unique Extended
Reality (XR) project which revolutionizes how we learn about
economics and ensures education at scale. Emphasizing on 'learning
by doing', the new XR app, accessible through Apple Vision Pro and
available in the App Store, faithfully recreates the Moniac's
functionality while adding new, interactive features. This approach
bridges the gap between historical analogue computing and modern
digital learning, offering an unparalleled educational experience
to the global student community.
Users of The FT Money Machine will not only experience the full
operation of The Moniac but also can explore and create their own
economic scenarios in free play mode. They will be able to interact
with the machine using intuitive gestures such as eye tracking,
hand movements, and voice commands, allowing them to adjust
variables like consumption, taxation, and investment to see
real-time impacts on the economy, as well as understand complex
economic interactions, predict outcomes of various policy
decisions, and enhance economic modelling techniques.
The FT Money Machine also incorporates the academic backing of
the London School of Economics (LSE)
and Cambridge University, home to one
of the last working original Moniacs. It leverages the creative
design and build expertise from WongDoody, Infosys' human
experience agency, where WongDoody helped ensure that the FT Money
Machine app exceeds user expectations in a seamless blend of
historical significance and cutting-edge technology.
James Lamont, Director of
Strategic Partnerships at the Financial Times, added,
"The FT has always been committed to fostering a deeper
understanding of economics, and the FT Money Machine is a testament
to that commitment. Our purpose combined with Infosys' strong
technical expertise has helped not only revive an important piece
of economic history but also will also redefine how we teach and
learn about economics in a digital age."
Ashiss Kumar Dash, EVP and Global Head – Sustainability,
Services, Utilities, Resources and Energy, Infosys,
emphasized, "At Infosys, we are committed to our purpose of
leveraging technology to amplify human potential and create the
next opportunity for people, businesses, and communities. Our
collaboration with FT for this innovative project that bridges
historical innovation with today's most advanced digital
technologies to deliver education at scale aligns perfectly with
our purpose. By recreating the Moniac as the FT Money Machine, we
are providing users with a unique educational tool that makes the
complexities of economic systems both accessible and engaging,
enabling the exploration and understanding of how money flows
through an economy."
The FT Money Machine's three-dimensional interface will offer a
comprehensive educational tool for students, educators,
researchers, and economic enthusiasts, providing a hands-on
learning experience that illustrates economic principles in a way
that is both engaging and insightful. By embracing new immersive
technologies, it will help transcend the limitations of traditional
educational tools, making economic education more effective and
accessible.
As part of the launch, Infosys and the Financial Times will host
an event at London School of Economics
(LSE) on September 18 to celebrate
the Moniac's contributions to economic theory and education.
About Infosys
Infosys is a global leader in next-generation digital services
and consulting. Over 300,000 of our people work to amplify human
potential and create the next opportunity for people, businesses
and communities. We enable clients in more than 56 countries to
navigate their digital transformation. With over four decades of
experience in managing the systems and workings of global
enterprises, we expertly steer clients, as they navigate their
digital transformation powered by cloud and AI. We enable them with
an AI-first core, empower the business with agile digital at scale
and drive continuous improvement with always-on learning through
the transfer of digital skills, expertise, and ideas from our
innovation ecosystem. We are deeply committed to being a
well-governed, environmentally sustainable organization where
diverse talent thrives in an inclusive workplace.
Visit www.infosys.com to see how Infosys (NSE, BSE, NYSE:
INFY) can help your enterprise navigate your next.
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forward-looking statements intended to qualify for the 'safe
harbor' under the Private Securities Litigation Reform Act of 1995,
which involve a number of risks and uncertainties that could cause
actual results or outcomes to differ materially from those in such
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Commission filings including our Annual Report on Form 20-F for the
fiscal year ended March 31, 2024.
These filings are available at www.sec.gov. Infosys may, from time
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