Power and prediction : the disruptive economics of artificial intelligence

By:

Agrawal, Ajay

Contributor(s):

Material type: Text

9781647824198

Subject(s):

Additional physical formats: Online version:: Power and predictionDDC classification:

006.33 23/eng20220910 AGR-P

LOC classification:

Q335 .A3955 2022

Contents:

Part 1: The Between Times Chapter 1: A Parable of Three Entrepreneurs Chapter 2: AI's System Future Chapter 3: AI Is Prediction Technology Part 2: Rules Chapter 4: To Decide or Not to Decide Chapter 5: Hidden Uncertainty Chapter 6: Rules are Glue Part 3: Systems Chapter 7: Glued vs. Oiled Systems Chapter 8: The System Mindset Chapter 9: The Greatest System of All Part 4: Power Chapter 10: Disruption and Power Chapter 11: Do Machines Have Power? Agrawal et al FM- Chapter 12: Accumulating Power Part 5: How AI Disrupts Chapter 13: A Great Decoupling Chapter 14: Thinking Probabilistically Chapter 15: The New Judges Part 6: Envisaging New Systems Chapter 16: Designing Reliable Systems Chapter 17: The Blank Slate Chapter 18: Anticipating System Change Epilogue: AI Bias and Systems.

Summary: "Banking and finance, pharmaceuticals, automotive, medical technology, retail. Artificial intelligence (AI) has made its way into many industries around the world. But the truth is, it has just begun its odyssey toward cheaper, better, and faster predictions to drive strategic business decisions-powering and accelerating business. When prediction is taken to the max, industries transform. The disruption that comes with such transformation is yet to be felt-but it is coming. How do businesses prepare? 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 further to reveal AI as a prediction technology directly impacting decision-making and to teach businesses how to identify disruptive opportunities and threats resulting from AI. Their exhaustive study of new developments in artificial intelligence and the past history of how technologies have disrupted industries highlights the striking phase we are now in: after witnessing the power of this new technology and before its widespread adoption-what they call "the Between Times." While there continue to be important opportunities for businesses, there are also threats of disruption. As prediction machines improve, old ways of doing things will be upended. Also, the process by which AI filters into the many systems involved in application is very uneven. That process will have winners and losers. How can businesses leverage, or 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 policy maker on how to make the coming AI disruptions work for you rather than against you"--

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Holdings
Item type	Current library	Collection	Call number	Status	Date due	Barcode	Item holds
Books	IIITD General Stacks	Computer Science and Engineering	006.33 AGR-P (Browse shelf(Opens below))	Available		012435

Total holds: 0

This book includes bibliographical references and index.

"Banking and finance, pharmaceuticals, automotive, medical technology, retail. Artificial intelligence (AI) has made its way into many industries around the world. But the truth is, it has just begun its odyssey toward cheaper, better, and faster predictions to drive strategic business decisions-powering and accelerating business. When prediction is taken to the max, industries transform. The disruption that comes with such transformation is yet to be felt-but it is coming. How do businesses prepare? 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 further to reveal AI as a prediction technology directly impacting decision-making and to teach businesses how to identify disruptive opportunities and threats resulting from AI. Their exhaustive study of new developments in artificial intelligence and the past history of how technologies have disrupted industries highlights the striking phase we are now in: after witnessing the power of this new technology and before its widespread adoption-what they call "the Between Times." While there continue to be important opportunities for businesses, there are also threats of disruption. As prediction machines improve, old ways of doing things will be upended. Also, the process by which AI filters into the many systems involved in application is very uneven. That process will have winners and losers. How can businesses leverage, or 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 policy maker on how to make the coming AI disruptions work for you rather than against you"--

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