Prediction Machines

Ajay Agrawal, Joshua Gans and Avi Goldfarb 

Harvard Business Review Press

Most people think Artificial Intelligence (AI) involves job-killing robots and self-managing organisations. However, according to the authors, this is not what AI will involve. In Prediction Machines, the authors explain that decisions comprise judgements and predictions. They say that AI can help leaders make predictions at a lower financial cost and more accurately. This will, in turn, help leaders assess predictions with better judgement, optimising the interface between humans and machines. 

Prediction Machines also tackles three points which include: how prediction is essential to decision making, how AI will advance predication, and the trade-offs of AI. Prediction Machines shows managers how they can effectively leverage AI to navigate the coming wave of challenges and opportunities.

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