Power and Prediction: the disruptive economics of artificial intelligence

By:

Agrawal, Ajay

Contributor(s):

Publication details: Harvard Business Review Press 2022 Bostan, MADescription: xiv, 268 pISBN:

9781647824198

Subject(s):

DDC classification:

006.33 AGA

Summary: "Artificial Intelligence has impacted many industries around the world - banking and finance, pharmaceuticals, automotive, medical technology, manufacturing, and retail. When prediction is taken to the max, industries transform, and with such transformation comes disruption. The authors explain in this book that the two key decision-making ingredients are prediction and judgment, and 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, this book 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."

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Holdings
Item type	Current library	Collection	Call number	Status	Date due	Barcode
Books	Symbiosis Institute of Business Management - Hyderabad General	Text Book	006.33 AGA (Browse shelf(Opens below))	Checked out	15/12/2025	SIBMH-B-11824

"Artificial Intelligence has impacted many industries around the world - banking and finance, pharmaceuticals, automotive, medical technology, manufacturing, and retail. When prediction is taken to the max, industries transform, and with such transformation comes disruption. The authors explain in this book that the two key decision-making ingredients are prediction and judgment, and 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, this book 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."

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