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The Economics of Artificial Intelligence

Author : Ajay Agrawal
Publisher : University of Chicago Press
ISBN 13 : 0226833127
Total Pages : 172 pages
Book Rating : 4.2/5 (268 download)

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Book Synopsis The Economics of Artificial Intelligence by : Ajay Agrawal

Download or read book The Economics of Artificial Intelligence written by Ajay Agrawal and published by University of Chicago Press. This book was released on 2024-03-05 with total page 172 pages. Available in PDF, EPUB and Kindle. Book excerpt: A timely investigation of the potential economic effects, both realized and unrealized, of artificial intelligence within the United States healthcare system. In sweeping conversations about the impact of artificial intelligence on many sectors of the economy, healthcare has received relatively little attention. Yet it seems unlikely that an industry that represents nearly one-fifth of the economy could escape the efficiency and cost-driven disruptions of AI. The Economics of Artificial Intelligence: Health Care Challenges brings together contributions from health economists, physicians, philosophers, and scholars in law, public health, and machine learning to identify the primary barriers to entry of AI in the healthcare sector. Across original papers and in wide-ranging responses, the contributors analyze barriers of four types: incentives, management, data availability, and regulation. They also suggest that AI has the potential to improve outcomes and lower costs. Understanding both the benefits of and barriers to AI adoption is essential for designing policies that will affect the evolution of the healthcare system.

Artificial Intelligence in Healthcare

Author : Adam Bohr
Publisher : Academic Press
ISBN 13 : 0128184396
Total Pages : 385 pages
Book Rating : 4.1/5 (281 download)

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Book Synopsis Artificial Intelligence in Healthcare by : Adam Bohr

Download or read book Artificial Intelligence in Healthcare written by Adam Bohr and published by Academic Press. This book was released on 2020-06-21 with total page 385 pages. Available in PDF, EPUB and Kindle. Book excerpt: Artificial Intelligence (AI) in Healthcare is more than a comprehensive introduction to artificial intelligence as a tool in the generation and analysis of healthcare data. The book is split into two sections where the first section describes the current healthcare challenges and the rise of AI in this arena. The ten following chapters are written by specialists in each area, covering the whole healthcare ecosystem. First, the AI applications in drug design and drug development are presented followed by its applications in the field of cancer diagnostics, treatment and medical imaging. Subsequently, the application of AI in medical devices and surgery are covered as well as remote patient monitoring. Finally, the book dives into the topics of security, privacy, information sharing, health insurances and legal aspects of AI in healthcare. Highlights different data techniques in healthcare data analysis, including machine learning and data mining Illustrates different applications and challenges across the design, implementation and management of intelligent systems and healthcare data networks Includes applications and case studies across all areas of AI in healthcare data

Prediction Machines

Author : Ajay Agrawal
Publisher : Harvard Business Press
ISBN 13 : 1633695689
Total Pages : 272 pages
Book Rating : 4.6/5 (336 download)

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Book Synopsis Prediction Machines by : Ajay Agrawal

Download or read book Prediction Machines written by Ajay Agrawal and published by Harvard Business Press. This book was released on 2018-04-17 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: "What does AI mean for your business? Read this book to find out." -- Hal Varian, Chief Economist, Google Artificial intelligence does the seemingly impossible, magically bringing machines to life--driving cars, trading stocks, and teaching children. But facing the sea change that AI will bring can be paralyzing. How should companies set strategies, governments design policies, and people plan their lives for a world so different from what we know? In the face of such uncertainty, many analysts either cower in fear or predict an impossibly sunny future. But in Prediction Machines, three eminent economists recast the rise of AI as a drop in the cost of prediction. With this single, masterful stroke, they lift the curtain on the AI-is-magic hype and show how basic tools from economics provide clarity about the AI revolution and a basis for action by CEOs, managers, policy makers, investors, and entrepreneurs. When AI is framed as cheap prediction, its extraordinary potential becomes clear: Prediction is at the heart of making decisions under uncertainty. Our businesses and personal lives are riddled with such decisions. Prediction tools increase productivity--operating machines, handling documents, communicating with customers. Uncertainty constrains strategy. Better prediction creates opportunities for new business structures and strategies to compete. Penetrating, fun, and always insightful and practical, Prediction Machines follows its inescapable logic to explain how to navigate the changes on the horizon. The impact of AI will be profound, but the economic framework for understanding it is surprisingly simple.

Exploring the Impact of Artificial Intelligence

Author : Ajay Agrawal
Publisher :
ISBN 13 :
Total Pages : 17 pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis Exploring the Impact of Artificial Intelligence by : Ajay Agrawal

Download or read book Exploring the Impact of Artificial Intelligence written by Ajay Agrawal and published by . This book was released on 2018 with total page 17 pages. Available in PDF, EPUB and Kindle. Book excerpt: Based on recent developments in the field of artificial intelligence (AI), we examine what type of human labor will be a substitute versus a complement to emerging technologies. We argue that these recent developments reduce the costs of providing a particular set of tasks – prediction tasks. Prediction about uncertain states of the world is an input into decision-making. We show that prediction allows riskier decisions to be taken and this is its impact on observed productivity although it could also increase the variance of outcomes as well. We consider the role of human judgment in decision-making as prediction technology improves. Judgment is exercised when the objective function for a particular set of decisions cannot be described (i.e., coded). However, we demonstrate that better prediction impacts the returns to different types of judgment in opposite ways. Hence, not all human judgment will be a complement to AI. Finally, we show that humans will delegate some decisions to machines even when the decision would be superior with human input.

COVID-19: Prediction, Decision-Making, and its Impacts

Author : K.C. Santosh
Publisher : Springer Nature
ISBN 13 : 9811596824
Total Pages : 137 pages
Book Rating : 4.8/5 (115 download)

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Book Synopsis COVID-19: Prediction, Decision-Making, and its Impacts by : K.C. Santosh

Download or read book COVID-19: Prediction, Decision-Making, and its Impacts written by K.C. Santosh and published by Springer Nature. This book was released on 2020-12-11 with total page 137 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book aims to outline the issues of AI and COVID-19, involving predictions,medical support decision-making, and possible impact on human life. Starting withmajor COVID-19 issues and challenges, it takes possible AI-based solutions forseveral problems, such as public health surveillance, early (epidemic) prediction,COVID-19 positive case detection, and robotics integration against COVID-19.Beside mathematical modeling, it includes the necessity of changes in innovationsand possible COVID-19 impacts. The book covers a clear understanding of AI-driven tools and techniques, where pattern recognition, anomaly detection, machinelearning, and data analytics are considered. It aims to include the wide range ofaudiences from computer science and engineering to healthcare professionals.

Power and Prediction

Author : Ajay Agrawal
Publisher : Harvard Business Press
ISBN 13 : 1647824206
Total Pages : 171 pages
Book Rating : 4.6/5 (478 download)

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Book Synopsis Power and Prediction by : Ajay Agrawal

Download or read book Power and Prediction written by Ajay Agrawal and published by Harvard Business Press. This book was released on 2022-11-15 with total page 171 pages. Available in PDF, EPUB and Kindle. Book excerpt: Disruption resulting from the proliferation of AI is coming. The authors of the bestselling Prediction Machines can help you prepare. Artificial 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.

Forecasting with Artificial Intelligence

Author : Mohsen Hamoudia
Publisher : Springer Nature
ISBN 13 : 3031358791
Total Pages : 441 pages
Book Rating : 4.0/5 (313 download)

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Book Synopsis Forecasting with Artificial Intelligence by : Mohsen Hamoudia

Download or read book Forecasting with Artificial Intelligence written by Mohsen Hamoudia and published by Springer Nature. This book was released on 2023-10-22 with total page 441 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is a comprehensive guide that explores the intersection of artificial intelligence and forecasting, providing the latest insights and trends in this rapidly evolving field. The book contains fourteen chapters covering a wide range of topics, including the concept of AI, its impact on economic decision-making, traditional and machine learning-based forecasting methods, challenges in demand forecasting, global forecasting models, meta-learning and feature-based forecasting, ensembling, deep learning, scalability in industrial and optimization applications, and forecasting performance evaluation. With key illustrations, state-of-the-art implementations, best practices, and notable advances, this book offers practical insights into the theory and practice of AI-based forecasting. This book is a valuable resource for anyone involved in forecasting, including forecasters, statisticians, data scientists, business analysts, or decision-makers.

Artificial Intelligence Brings Positive and Negative Impacts to Our Social Prediction

Author : Johnny Ch LOK
Publisher :
ISBN 13 : 9781983201332
Total Pages : 56 pages
Book Rating : 4.2/5 (13 download)

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Book Synopsis Artificial Intelligence Brings Positive and Negative Impacts to Our Social Prediction by : Johnny Ch LOK

Download or read book Artificial Intelligence Brings Positive and Negative Impacts to Our Social Prediction written by Johnny Ch LOK and published by . This book was released on 2018-06-18 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: Introduction This book brings readers to enter future artificial intelligent society. Readers can feel themselve what who will face positive or negative influences to impact them in this scientific (AI) journey. I write this book aim to research these two questions: (1) Does robot bring only positive impact to influence our societies' life, it won't bring negative impact to influence our societies' life? (2) How can we adapt to accept robot brings negative influences to our societies? In future, artificial intelligence will possible to popular to use in global societies. Instead of its positive impacts, whether it has negative impacts to influence our societies, whether how we can accept this new technology to adapt to our life, whether what our social acceptance needs to change our life attitudes to adapt this new technology invention to impact our daily life. In my this book, I shall follow economy, employment, job, culture several aspect influences to indicate whether how we need to change our life attitudes to adapt this new technology to bring the influences to our life. This book will give some opinions how human needs to change our life attitudes in order to accept this new technology invention to be applied to our global societies.

Risks of Artificial Intelligence

Author : Vincent C. Müller
Publisher : CRC Press
ISBN 13 : 1498734839
Total Pages : 294 pages
Book Rating : 4.4/5 (987 download)

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Book Synopsis Risks of Artificial Intelligence by : Vincent C. Müller

Download or read book Risks of Artificial Intelligence written by Vincent C. Müller and published by CRC Press. This book was released on 2016-01-05 with total page 294 pages. Available in PDF, EPUB and Kindle. Book excerpt: Featuring contributions from leading experts and thinkers in the theory of artificial intelligence (AI), this is one of the first books dedicated to examining the risks of AI. The book evaluates predictions of the future of AI, proposes ways to ensure that AI systems will be beneficial to humans, and then critically evaluates such proposals. The book covers the latest AI research, including the risks and future impacts. Ethical issues in AI are covered extensively along with an exploration of autonomous technology and its impact on humanity.

The Power of Prediction: How AI Inference is Changing Everything

Author : M.B. Chatfield
Publisher :
ISBN 13 :
Total Pages : 45 pages
Book Rating : 4./5 ( download)

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Book Synopsis The Power of Prediction: How AI Inference is Changing Everything by : M.B. Chatfield

Download or read book The Power of Prediction: How AI Inference is Changing Everything written by M.B. Chatfield and published by . This book was released on with total page 45 pages. Available in PDF, EPUB and Kindle. Book excerpt: Unlock the Future with the Power of AI Inference Imagine a world where machines can anticipate your needs, predict market trends, and even diagnose diseases before they occur. This is the future powered by AI inference, the revolutionary technology allowing us to harness the power of machine learning for real-world applications. The Power of Prediction explores the transformative potential of AI inference, delving into: The core principles of machine learning and AI How AI inference extracts valuable insights from data Real-world examples of AI inference changing industries (e.g., healthcare, finance, transportation) The ethical considerations and potential challenges of AI The future of AI inference and its impact on society Whether you're a business leader, a tech enthusiast, or simply curious about the future, this book equips you with the knowledge to: Understand how AI inference is shaping the world around you Discover how AI inference can be applied in your own field Prepare for the opportunities and challenges presented by AI Embrace the power of prediction: Start your journey into the future of AI today! #AIinference #MachineLearning #AI #FutureofTechnology #DataScience #ArtificialIntelligence #MachineLearningBook #AIbook #AIforBeginners #PredictiveAnalytics #AIInnovation #BigData #DeepLearning #TechTrends #DataDriven #LearnAI #AIApplications

The Age of Prediction

Author : Igor Tulchinsky
Publisher : MIT Press
ISBN 13 : 026204773X
Total Pages : 232 pages
Book Rating : 4.2/5 (62 download)

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Book Synopsis The Age of Prediction by : Igor Tulchinsky

Download or read book The Age of Prediction written by Igor Tulchinsky and published by MIT Press. This book was released on 2023-08-22 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt: The power of the ever-increasing tools and algorithms for prediction and their paradoxical effects on risk. The Age of Prediction is about two powerful, and symbiotic, trends: the rapid development and use of artificial intelligence and big data to enhance prediction, as well as the often paradoxical effects of these better predictions on our understanding of risk and the ways we live. Beginning with dramatic advances in quantitative investing and precision medicine, this book explores how predictive technology is quietly reshaping our world in fundamental ways, from crime fighting and warfare to monitoring individual health and elections. As prediction grows more robust, it also alters the nature of the accompanying risk, setting up unintended and unexpected consequences. The Age of Prediction details how predictive certainties can bring about complacency or even an increase in risks—genomic analysis might lead to unhealthier lifestyles or a GPS might encourage less attentive driving. With greater predictability also comes a degree of mystery, and the authors ask how narrower risks might affect markets, insurance, or risk tolerance generally. Can we ever reduce risk to zero? Should we even try? This book lays an intriguing groundwork for answering these fundamental questions and maps out the latest tools and technologies that power these projections into the future, sometimes using novel, cross-disciplinary tools to map out cancer growth, people’s medical risks, and stock dynamics.

Prediction Machines, Updated and Expanded

Author : Ajay Agrawal
Publisher : Harvard Business Press
ISBN 13 : 1647824680
Total Pages : 347 pages
Book Rating : 4.6/5 (478 download)

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Book Synopsis Prediction Machines, Updated and Expanded by : Ajay Agrawal

Download or read book Prediction Machines, Updated and Expanded written by Ajay Agrawal and published by Harvard Business Press. This book was released on 2022-11-15 with total page 347 pages. Available in PDF, EPUB and Kindle. Book excerpt: Named one of "The five best books to understand AI" by The Economist The impact AI will have is profound, but the economic framework for understanding it is surprisingly simple. Artificial intelligence seems to do the impossible, magically bringing machines to life—driving cars, trading stocks, and teaching children. But facing the sea change that AI brings can be paralyzing. How should companies set strategies, governments design policies, and people plan their lives for a world so different from what we know? In the face of such uncertainty, many either cower in fear or predict an impossibly sunny future. But in Prediction Machines, three eminent economists recast the rise of AI as a drop in the cost of prediction. With this masterful stroke, they lift the curtain on the AI-is-magic hype and provide economic clarity about the AI revolution as well as a basis for action by executives, policy makers, investors, and entrepreneurs. In this new, updated edition, the authors illustrate how, when AI is framed as cheap prediction, its extraordinary potential becomes clear: Prediction is at the heart of making decisions amid uncertainty. Our businesses and personal lives are riddled with such decisions. Prediction tools increase productivity—operating machines, handling documents, communicating with customers. Uncertainty constrains strategy. Better prediction creates opportunities for new business strategies to compete. The authors reset the context, describing the striking impact the book has had and how its argument and its implications are playing out in the real world. And in new material, they explain how prediction fits into decision-making processes and how foundational technologies such as quantum computing will impact business choices. Penetrating, insightful, and practical, Prediction Machines will help you navigate the changes on the horizon.

Preparing for the Future of Artificial Intelligence

Author : Committee on Technology National Science and Technology Council, Committee on Technology
Publisher : Createspace Independent Publishing Platform
ISBN 13 : 9781540396518
Total Pages : 58 pages
Book Rating : 4.3/5 (965 download)

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Book Synopsis Preparing for the Future of Artificial Intelligence by : Committee on Technology National Science and Technology Council, Committee on Technology

Download or read book Preparing for the Future of Artificial Intelligence written by Committee on Technology National Science and Technology Council, Committee on Technology and published by Createspace Independent Publishing Platform. This book was released on 2016-10-30 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt: Advances in Artificial Intelligence (AI) technology have opened up new markets and new opportunities for progress in critical areas such as health, education, energy, and the environment. In recent years, machines have surpassed humans in the performance of certain specific tasks, such as some aspects of image recognition. Experts forecast that rapid progress in the field of specialized artificial intelligence will continue. Although it is very unlikely that machines will exhibit broadly-applicable intelligence comparable to or exceeding that of humans in the next 20 years, it is to be expected that machines will reach and exceed human performance on more and more tasks. As a contribution toward preparing the United States for a future in which AI plays a growing role, this report surveys the current state of AI, its existing and potential applications, and the questions that are raised for society and public policy by progress in AI. The report also makes recommendations for specific further actions by Federal agencies and other actors.

Artificial Intelligence

Author : Harvard Business Review
Publisher : HBR Insights
ISBN 13 : 9781633697898
Total Pages : 160 pages
Book Rating : 4.6/5 (978 download)

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Book Synopsis Artificial Intelligence by : Harvard Business Review

Download or read book Artificial Intelligence written by Harvard Business Review and published by HBR Insights. This book was released on 2019 with total page 160 pages. Available in PDF, EPUB and Kindle. Book excerpt: Companies that don't use AI to their advantage will soon be left behind. Artificial intelligence and machine learning will drive a massive reshaping of the economy and society. What should you and your company be doing right now to ensure that your business is poised for success? These articles by AI experts and consultants will help you understand today's essential thinking on what AI is capable of now, how to adopt it in your organization, and how the technology is likely to evolve in the near future. Artificial Intelligence: The Insights You Need from Harvard Business Review will help you spearhead important conversations, get going on the right AI initiatives for your company, and capitalize on the opportunity of the machine intelligence revolution. Catch up on current topics and deepen your understanding of them with the Insights You Need series from Harvard Business Review. Featuring some of HBR's best and most recent thinking, Insights You Need titles are both a primer on today's most pressing issues and an extension of the conversation, with interesting research, interviews, case studies, and practical ideas to help you explore how a particular issue will impact your company and what it will mean for you and your business.

Powering the Digital Economy: Opportunities and Risks of Artificial Intelligence in Finance

Author : El Bachir Boukherouaa
Publisher : International Monetary Fund
ISBN 13 : 1589063953
Total Pages : 35 pages
Book Rating : 4.5/5 (89 download)

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Book Synopsis Powering the Digital Economy: Opportunities and Risks of Artificial Intelligence in Finance by : El Bachir Boukherouaa

Download or read book Powering the Digital Economy: Opportunities and Risks of Artificial Intelligence in Finance written by El Bachir Boukherouaa and published by International Monetary Fund. This book was released on 2021-10-22 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses the impact of the rapid adoption of artificial intelligence (AI) and machine learning (ML) in the financial sector. It highlights the benefits these technologies bring in terms of financial deepening and efficiency, while raising concerns about its potential in widening the digital divide between advanced and developing economies. The paper advances the discussion on the impact of this technology by distilling and categorizing the unique risks that it could pose to the integrity and stability of the financial system, policy challenges, and potential regulatory approaches. The evolving nature of this technology and its application in finance means that the full extent of its strengths and weaknesses is yet to be fully understood. Given the risk of unexpected pitfalls, countries will need to strengthen prudential oversight.

Artificial Intelligence in Society

Author : OECD
Publisher : OECD Publishing
ISBN 13 : 9264545190
Total Pages : 152 pages
Book Rating : 4.2/5 (645 download)

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Book Synopsis Artificial Intelligence in Society by : OECD

Download or read book Artificial Intelligence in Society written by OECD and published by OECD Publishing. This book was released on 2019-06-11 with total page 152 pages. Available in PDF, EPUB and Kindle. Book excerpt: The artificial intelligence (AI) landscape has evolved significantly from 1950 when Alan Turing first posed the question of whether machines can think. Today, AI is transforming societies and economies. It promises to generate productivity gains, improve well-being and help address global challenges, such as climate change, resource scarcity and health crises.

Artificial Intelligence in Asset Management

Author : Söhnke M. Bartram
Publisher : CFA Institute Research Foundation
ISBN 13 : 195292703X
Total Pages : 95 pages
Book Rating : 4.9/5 (529 download)

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Book Synopsis Artificial Intelligence in Asset Management by : Söhnke M. Bartram

Download or read book Artificial Intelligence in Asset Management written by Söhnke M. Bartram and published by CFA Institute Research Foundation. This book was released on 2020-08-28 with total page 95 pages. Available in PDF, EPUB and Kindle. Book excerpt: Artificial intelligence (AI) has grown in presence in asset management and has revolutionized the sector in many ways. It has improved portfolio management, trading, and risk management practices by increasing efficiency, accuracy, and compliance. In particular, AI techniques help construct portfolios based on more accurate risk and return forecasts and more complex constraints. Trading algorithms use AI to devise novel trading signals and execute trades with lower transaction costs. AI also improves risk modeling and forecasting by generating insights from new data sources. Finally, robo-advisors owe a large part of their success to AI techniques. Yet the use of AI can also create new risks and challenges, such as those resulting from model opacity, complexity, and reliance on data integrity.