Description: Power and Prediction : The Disruptive Economics of Artificial Intelligence, Hardcover by Agrawal, Ajay; Gans, Joshua; Goldfarb, Avi, ISBN 1647824192, ISBN-13 9781647824198, Like New Used, Free shipping in the US Disruption resulting from the proliferation of AI is coming. The authors of the bestselling Prediction Machines can help you prepare. Artificial intelligence (AI) has impacted many industries around the world—banking and finance, pharmaceuticals, automotive, medical technology, manufacturing, and retail. But it has only just begun its odyssey toward cheaper, better, and faster predictions that drive strategic business decisions. When prediction is taken to the max, industries transform, and with such transformation comes disruption. What is at the root of this? In their bestselling first book, Prediction Machines, eminent economists Ajay Agrawal, Joshua Gans, and Avi Goldfarb explained the simple yet game-changing economics of AI. Now, in Power and Prediction, they go deeper, examining the most basic unit of analysis: the decision. The authors explain that the two key decision-making ingredients are prediction and judgment, and we perform both together in our minds, often without realizing it. The rise of AI is shifting prediction from humans to machines, relieving people from this cognitive load while increasing the speed and accuracy of decisions. This sets the stage for a flourishing of new decisions and has profound implications for system-level innovation. Redesigning systems of interdependent decisions takes time—many industries are in the quiet before the storm—but when these new systems emerge, they can be disruptive on a global scale. Decision-making confers power. In industry, power confers profits; in society, power confers control. This process will have winners and losers, and the authors show how businesses can leverage opportunities, as well as protect their positions. Filled with illuminating insights, rich examples, and practical advice, Power and Prediction is the must-read guide for any business leader or policymaker on how to make the coming AI disruptions work for you rather than against you.
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Book Title: Power and Prediction : the Disruptive Economics of Artificial Intelligence
Number of Pages: 288 Pages
Language: English
Publisher: Harvard Business Review Press
Topic: Industries / Computers & Information Technology, Intelligence (Ai) & Semantics, Strategic Planning
Publication Year: 2022
Illustrator: Yes
Genre: Computers, Business & Economics
Item Weight: 0 Oz
Author: Avi Goldfarb, Ajay Agrawal, Joshua Gans
Item Length: 9.3 in
Item Width: 6.1 in
Format: Hardcover
