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[Prediction Machines: The Simple Economics of Artificial Intelligence Books ] Free read as TXT AUTHOR Joshua Gans – PDF & TXT

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  • Prediction Machines: The Simple Economics of Artificial Intelligence
  • Joshua Gans
  • en
  • 03 November 2018
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Joshua Gans ñ 7 characters

characters Prediction Machines: The Simple Economics of Artificial Intelligence 107 Ny futureBut in Prediction Machines three eminent economists recast the rise of AI as a drop in the cost of prediction With this single masterful stroke they lift the curtain on the AI is magic hype and show how basic tools from economics provide clarity about the AI revolution and a basis for action by CEOs managers policy makers investors and entrepreneursWhen AI is framed as cheap prediction its extraordinary potential becomes clearPrediction is at the heart of making decisions under uncertainty Our businesses and person. This book is about a simple idea as the cost of prediction declines due to AI the value of substitues decreases human prediction and the value of complements data and judgement increasesThe book creates a new point of view on how decison making will change as AI becomes pervasive The model showing how the value of human decision making declines as machine decision making becomes popular and the implication that this drives up the cost of skills associated with human activities espcially the role and value of judgement This gives us an insight to how jobs and roles will change those with ownership of data and those where judgement is key will be valuable to society than those that process dataMore concerning is that again this technology has the potential to place much capital intellectual and otherwise into the hands of a small number of people We need to think about the ethics controls and regulations needed to ensure that gains from this technology are in

Free read ☆ eBook, PDF or Kindle ePUB ñ Joshua GansPrediction Machines: The Simple Economics of Artificial Intelligence

characters Prediction Machines: The Simple Economics of Artificial Intelligence 107 What does AI mean for your business Read this book to find out Hal Varian Chief Economist GoogleArtificial intelligence does the seemingly impossible magically bringing machines to life driving cars trading stocks and teaching children But facing the sea change that AI will bring can be paralyzing How should companies set strategies governments design policies and people plan their lives for a world so different from what we know In the face of such uncertainty many analysts either cower in fear or predict an impossibly sun. A Simple Easy to Understand Book about the impact of AI they called it cheap prediction on the world be it business or society The part that I find lacking is examples of how the AI can be implemented vertically beyond the typical Google etc

characters Prediction Machines: The Simple Economics of Artificial Intelligence

characters Prediction Machines: The Simple Economics of Artificial Intelligence 107 Al lives are riddled with such decisionsPrediction tools increase productivity operating machines handling documents communicating with customersUncertainty constrains strategy Better prediction creates opportunities for new business structures and strategies to competePenetrating fun and always insightful and practical Prediction Machines follows its inescapable logic to explain how to navigate the changes on the horizon The impact of AI will be profound but the economic framework for understanding it is surprisingly simpl. I ve been putting this book off for a little while and I m not really sure why I think I thought it was going to be slow going but it turns out that I whizzed through it in a day or so I wasn t too worried about the subject matter even though it s non fiction about artificial intelligence from the Harvard Business Review pressThis was actually recommended to me by a client of mine Emmanuel Fombu who specialises in writing and talking about the future of healthcare It was a good recommendation on his part especially because there is some stuff here that focusses directly on the impact of artificial intelligence in the healthcare industry But it s not just healthcare that s covered here and indeed I think the authors did a good job of covering a wide variety of different use casesIt was also interesting to read right now because my current bedtime book is The Enigma by Andrew Hodges a biography of Alan Turing His work had a huge impact on the deve