Data

What to Expect From Artificial Intelligence

- Agrawal

• AI reduces costs in prediction

• Use old information to generate new information

• = machine learning

• learning from past experience

• most useful: in environment with high complexity

• AI increases value of human judgement

• Three key challenges

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

Prediction

Outcome

• 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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