Category Archives: predictive algorithms

The Real Threat Posed by Powerful Computers

Description: Elon Musk called artificial intelligence “our greatest existential threat,” and equated making machines that think with “summoning the demon.”

Source: http://www.nytimes.com

Date: July 11, 2015

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But if the human race is at peril from killer robots, the problem is probably not artificial intelligence. It is more likely to be artificial stupidity. The difference between those two ideas says much about how we think about computers.

In the kind of artificial intelligence, or A.I., that most people seem to worry about, computers decide people are a bad idea, so they kill them. That is undeniably bad for the human race, but it is a potentially smart move by the computers.    Read Rest of Story

Questions for discussion:

1.Should ethical standards be put in place before we allow industry to develop A.I. any further? Why or Why Not??

2. What benefits can you see with using A.I. as a company?

3.  If your company decided on a tactic of using A.I.  would it give your firm a competitive advantage?  Explain why or why not?

 

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Gamification Can Help People Actually Use Analytics Tools

Description: If you’re trying to use advanced analytics to improve your organization’s decisions, join the club. Most of the companies I talk to are embarked on just such a quest. But it’s a rocky one.

Source: HBR.com

Date: Feb 25, 2015

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The technological challenge is hard enough. You have to identify the right data and develop useful tools, such as predictive algorithms. But then comes an even tougher task: getting people to actually use the new tools.

Why is the people factor so important? It’s easy enough to automate routine decisions, such as identifying likely buyers for a product upgrade. But many decisions in today’s knowledge economy depend on expertise and experience. Think of bankers deciding on business loans, product developers determining tradeoffs between features and cost, or B2B sales reps figuring out which prospects to target. Analytics can help codify the logic of the best decision makers, but it can’t replace human judgment.  Read the rest of the Story

Questions for discussion:

1.  Why is the people factor so important in the use of data analytics?  explain

2.  Explain the following statement “Analytics can help codify the logic of the best decision makers”   —- can you think any industries where this holds true?