Did robot algorithms trigger market plunge?
4 stars based on
41 reviews
An Internet Botalso known as web robotWWW robot or simply botis a software application that runs automated tasks scripts over the Internet. The largest use of bots is in web spidering web crawlerin which an automated script fetches, analyzes and files information from web servers at many times the speed of a human.
More than half of all web traffic is made up of bots. Efforts by servers hosting websites to counteract bots vary. Servers may choose to outline rules on the behaviour of internet bots by implementing a robots.
Any bot interacting with or 'spidering' any server that does not follow these rules should, in theory, be denied access to, or removed from, the affected website. Some bots are "good" — e. These chatterbots may allow people to ask questions in plain English and then formulate a proper response. These bots can often handle many tasks, including reporting weather, zip-code information, sports scores, converting currency or other units, etc.
An additional role of IRC bots may be to lurk in the background of a conversation channel, commenting on certain phrases uttered by the participants based on pattern matching. This is sometimes used as a help service for new users, or for censorship of profanity. Social networking bots are sets of algorithms that take on the duties of repetitive sets of instructions in order to establish a service or connection among social networking users.
Various designs of networking bots vary from chat bots, algorithms designed to converse with a human user, to social bots, algorithms designed to mimic human behaviors to converse with behavioral patterns similar to that of a human user.
The history of social botting can be traced back to Alan Turing in the s and his vision of designing sets of instructional code that passes the Turing test. From toELIZAa natural language processing computer program created by Joseph Weizenbaumis an early indicator of artificial intelligence algorithms that inspired computer programmers to design tasked programs that can match behavior patterns to their sets of instruction. As a result, natural language processing has become an influencing factor to the development of artificial intelligence and social bots as innovative technological advancements are made alongside the progression of the mass spreading of information and thought on social media websites.
According to Emilio Ferrara, reporter of Communications of the ACM, the lack of resources available to implement fact-checking and information verification results in the large volumes of false reports and claims made on these bots in social media platforms. In the case of Twitter, most of these bots are programmed with searching filter capabilities that target key words and phrases that reflect in favor and against political agendas and retweet them. While the attention of bots is programmed to spread unverified information throughout the social media platform, it is a challenge that programmers face in the wake of a hostile political climate.
Binary functions are designated to the programs and using an Application Program interface embedded in the social media website executes the functions tasked. According to Guillory Kramer in his study, he observes the behavior of emotionally volatile users and the impact the bots have on the users, altering the perception of reality.
There has been a great deal of controversy about the use of bots in an automated trading function. Auction website eBay has been to court in an attempt to suppress a third-party company from using bots to traverse their site looking for bargains; this approach backfired on eBay and attracted the attention of further bots.
The United Kingdom -based bet exchange Betfair saw such a large amount of traffic coming from bots they launched a WebService API aimed at bot programmers through which Betfair can actively manage bot interactions.
A rapidly growing, benign, form of internet bot is the chatbot. Fromwhen Facebook Messenger allowed developers to place chatbots on their platform there has been an exponential growth of their use on that forum alone. Companies use internet bots to increase online engagement and streamline communication. Companies often use bots to cut down on cost, instead of employing people to communicate with consumers, companies have developed new ways to be efficient.
These chatbots are used to answer customers' questions. For example, Dominos has developed a chatbot that can take orders via Facebook messenger. Catbots allow companies to allocate their employees' time to more important things. Another, more malicious use of bots is the coordination and operation of an automated attack on networked computers, such as a denial-of-service attack by a botnet.
Internet bots can also be used to commit click fraud and more recently have seen usage around MMORPG games as computer game bots. Companies and customers can benefit from internet bots. Internet bots are allowing customers to communicate with companies without having to communicate with a person. KLM Royal Dutch Airlines has produced a chatbot that allows customers to receive boarding passes, check in reminders, and other information that is needed for a flight. Customer engagement has grown since these chatbots have been developed.
Chat bots are used on a daily basis. Google Assistant and Siri are considered forms of chat bots. Google Assistant and Siri allow people to ask questions and get a response using an AI system. These technological advances are positively benefiting people's daily lives.
From Wikipedia, the free encyclopedia. For other uses, see Automated bot. For bot operation on Wikipedia, see Wikipedia: This article needs additional citations for verification. Please help improve this article by adding citations to reliable sources. Unsourced material may be challenged and removed. July Learn how and when to remove this template message. Retrieved 1 February Here's how they encourage your favourite developers to cheat". Use cases and inspiration - MarTech Today".
Retrieved 21 July Bot Roast Trojan horse. Retrieved from " https: Articles needing additional references from July All articles needing additional references All articles with unsourced statements Articles with unsourced statements from July Views Read Edit View history.
In other projects Wikimedia Commons. This page was last edited on 1 Mayat By using this site, you agree to the Terms of Use and Privacy Policy.