What to Expect From Artificial Intelligence
- Agrawal
- AI reduces costs in prediction
- Use old information to generate new information
- learning from past experience
- most useful: in environment with high complexity
- AI increases value of human judgement
1. Prediction ≠ automation
2. The most valuable workforce skills involve judgement
3. Managing may require a new set of talents and expertise
Judgement
- Ability to make considerate decisions
- understanding impact
- task that have a limited need for human judgement are easier to automate
Data
Action
- underlying conditions
- observe and make adjustments to minimize risks
The ability to take information we have and generate information we did not have previously
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