{"product_id":"9781647824198","title":"Power and Prediction: The Disruptive Economics of Artificial Intelligence – Agrawal Ajay (2022)","description":"\u003cp\u003eDisruption resulting from the spread of artificial intelligence is coming, and the authors of Prediction Machines explain how to prepare for it. AI has already affected industries worldwide, including banking and finance, pharmaceuticals, automotive, medical technology, manufacturing and retail. Yet its journey toward cheaper, better and faster predictions that drive strategic business decisions has only just begun. When prediction is taken to its fullest extent, industries are transformed, and transformation brings disruption. In their first book, Prediction Machines, economists Ajay Agrawal, Joshua Gans and Avi Goldfarb explained the simple but far-reaching economics of AI. Here they go further by examining the most basic unit of analysis: the decision. The authors show that decision-making combines prediction and judgment, which people often perform together without realizing it. As AI shifts prediction from humans to machines, it reduces this cognitive burden while increasing the speed and accuracy of decisions. This opens the way to new decisions and has profound implications for innovation at the level of entire systems. Redesigning interconnected decision-making systems takes time, but when these new systems emerge, they can cause disruption on a global scale. Decision-making creates power, power brings profits in business and control in society, and this process will have winners and losers. The authors show businesses how to seize opportunities and protect their positions. Filled with insights, examples and practical advice, this book guides business leaders and policymakers through the coming disruptions caused by AI.\u003c\/p\u003e","brand":"Folio, spol.s r.o.","offers":[{"title":"Default Title","offer_id":54025182609755,"sku":"9781647824198","price":54.9,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1787\/2513\/files\/0593969.jpg?v=1789062633","url":"https:\/\/czechmovie.com\/products\/9781647824198","provider":"czechmovie","version":"1.0","type":"link"}