Infosys, a digital services and consulting provider, collaborates with the Financial Times (FT) to unveil the Monetary National Income Analogue Computer (MONIAC) — courtesy of a groundbreaking new virtual reality experience, the ‘FT Money Machine.’
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.
Infosys and The Financial Times are collaborating on an Extended Reality (XR) based project on economist Bill Phillips’ 1949 original invention to revolutionize how we learn about economics.
Emphasizing on ‘learning by doing’, new XR app faithfully recreates the Moniac’s functionality with added interactive features, bridging the gap between historical analogue computing and modern digital learning. It is accessible through Apple Vision Pro and available in the App Store.
The FT Money Machine 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. Users of it will not only experience the full operation of The Moniac but also can explore and create their own economic scenarios in free-play mode.
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,” he added.
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.
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