000			02571nam a22002177a 4500
005			20241121160843.0
008			241121b |||||||| |||| 00| 0 eng d
020			_a9781647824198
082			_a006.33 _bAGA
100			_aAgrawal, Ajay _914203
245			_aPower and prediction: _bthe disruptive economics of artificial intelligence
260			_bHarvard Business Review Press _aBoston _c2022
300			_axiv, 268 p.
365			_aINR _b1399.00
520			_aArtificial intelligence (AI) has impacted many industries around the world--banking and finance, pharmaceuticals, automotive, medical technology, manufacturing, and retail. But it has only just begun its odyssey toward cheaper, better, and faster predictions that drive strategic business decisions. When prediction is taken to the max, industries transform, and with such transformation comes disruption. What is at the root of this? 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 deeper, examining the most basic unit of analysis: the decision. The authors explain that the two key decision-making ingredients are prediction and judgment, and we perform both together in our minds, often without realizing it. The rise of AI is shifting prediction from humans to machines, relieving people from this cognitive load while increasing the speed and accuracy of decisions. This sets the stage for a flourishing of new decisions and has profound implications for system-level innovation. Redesigning systems of interdependent decisions takes time--many industries are in the quiet before the storm--but when these new systems emerge, they can be disruptive on a global scale. Decision-making confers power. In industry, power confers profits; in society, power confers control. This process will have winners and losers, and the authors show how businesses can leverage opportunities, as well as 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 policymaker on how to make the coming AI disruptions work for you rather than against you. (https://store.hbr.org/product/power-and-prediction-the-disruptive-economics-of-artificial-intelligence/10580?sku=10580E-KND-ENG)
650			_aArtificial intelligence
650			_aForecasting
700			_aGans, Joshua
700			_aGoldfarb, Avi _918793
942			_cBK _2ddc
999			_c7941 _d7941