predict what you want to buy Amazon’s Hong Kong Email Database recommendations, predict which links will connect you to the information you want to find predict when to apply the brakes to avoid danger Tesla’s Autopilot and predict the news you will want to read Facebook’s newsfeed. This is the key insight of Prediction Machines. It is an extraordinarily useful one for any executive. Who has been grappling with the implications and ramifications of AI. AI will automate prediction and as a result prediction will become cheap. Therefore as economics tells us explain the authors not only. We going to start using a lot more of it. But we are going to see it emerge in surprising new places.
Author and technology consultant Dave on Software
Imagine for instance that the AI that powers Amazon’s recommendation engine becomes so adept at predicting. What customers will want to buy that the company could simply ship them goods rather than wait. In essence prediction would fundamentally alter Amazon’s business model from shopping then shipping to gulf email list shipping then shopping. Does this sound far-fetched? In 2013, report the authors Amazon obtained a U.S. patent for anticipatory shopping. We’ve heard some pretty dire forecasts in the past few years regarding the impact of AI on jobs. But there’s a second key insight in Prediction Machines that could help soften them. As AI creates a glut of prediction making it cheap and altering the essential nature of jobs in such fields as radiology. It will also drive up the demand for judgment, which currently only humans can provide.
on Software scale of this investment is surprising
Judgment involves determining the relative payoff associated with each possible outcome of a decision, including those associated with ‘correct’ decisions as well as those associated with mistakes,” the authors write. “Judgment requires specifying the objective you’re actually pursuing and is a necessary step in decision making. As prediction machines make predictions increasingly better, faster, and cheaper, the value of human judgment will increase because we’ll need more of it.” So, although it is likely that in the near future machines will be able to read MRIs and other images better than humans, this doesn’t mean that radiologists will disappear. The authors predict that radiologists will play at least five roles that machines.
