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Prediction Machines: The Simple Economics of Artificial Intelligence by Ajay Agrawal, Joshua Gans, Avi Goldfarb

• Prediction Machines: The Simple Economics of Artificial Intelligence
• Ajay Agrawal, Joshua Gans, Avi Goldfarb
• Page: 272
• Format: pdf, ePub, mobi, fb2
• ISBN: 9781633695689
• Publisher: Harvard Business Review Press

Prediction Machines: The Simple Economics of Artificial Intelligence

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Prediction Machines: The Simple Economics of Artificial Intelligence by Ajay Agrawal, Joshua Gans, Avi Goldfarb "What does AI mean for your business? Read this book to find out." -- Hal Varian, Chief Economist, Google Artificial 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 sunny future. But 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 entrepreneurs. When AI is framed as cheap prediction, its extraordinary potential becomes clear: Prediction is at the heart of making decisions under uncertainty. Our businesses and personal lives are riddled with such decisions. Prediction tools increase productivity--operating machines, handling documents, communicating with customers. Uncertainty constrains strategy. Better prediction creates opportunities for new business structures and strategies to compete. Penetrating, 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 simple.

Prediction Machines: The Simple Economics of Artificial Intelligence
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Artificial Intelligence does the seemingly impossible, magically bringingmachines 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 for a world so different from what we know? In the face of such  Artificial Intelligence Is Here. Is It Time to Rethink - U of T Magazine
To get started on this “science-fiction” exercise, close your eyes, imagine putting your fingers on the dial of your prediction machine and, in the immortal words of Nigel Tufnel from Spinal Tap, turn it to 11. Excerpted from Prediction Machines:The Simple Economics of Artificial Intelligence, by Ajay Agrawal, Joshua Gans and  Leveraging Prediction with AI
Featuring Joshua Gans, professor at the Rotman School of Management, University of Toronto, and coauthor of Prediction Machines: The SimpleEconomics of Artificial Intelligence. Prediction Machines: The Simple Economics of Artificial Intelligence
Publication Date: April 17, 2018. "What does AI mean for your business? Read this book to find out." -- Hal Varian, Chief Economist, Google. Artificial 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   Peter Geiser on Twitter: ""Prediction Machines: The Simple
Cancel Cancel your follow request to @peterMgeiser. More. Copy link to Tweet; Embed Tweet. "Prediction Machines: The Simple Economics of ArtificialIntelligence." by Ajay Agrawal, @joshgans, @avicgoldfarb from @UofT http:// amzn.to/2DXZYBu The impact of #AI, #MachineLearning and #prediction on  Ajay Agrawal Speaking Bio and Videos | The Lavin Agency
Ajay Agrawal | Artificial Intelligence & Machine Learning Expert | Founder of the Creative Destruction Lab His first book, Prediction Machines: The SimpleEconomics of Artificial Intelligence is a must-read, sweeping guide—and practical toolkit—for anyone seeking to leverage the disruptive, transformative power of A.I. in  Prediction Machines: The Simple Economics of Artificial Intelligence
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