EAN: 9781647824198

POWER AND PREDICTION - AJAY AGRAWAL JOSHUA GANS...

Banking and finance  pharmaceuticals  automotive  medical technology  retail. Artificial
intelligence (AI) has made its way into many industries around the world. But the truth is  it
has just begun its odyssey toward cheaper  better  and faster predictions to drive strategic
business decisions-powering and accelerating business. When prediction is taken to the max 
industries transform. The disruption that comes with such transformation is yet to be felt-but
it is coming. How do businesses prepare? 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 further to reveal AI as a
prediction technology directly impacting decision-making and to teach businesses how to
identify disruptive opportunities and threats resulting from AI. Their exhaustive study of new
developments in artificial intelligence and the past history of how technologies have disrupted
industries highlights the striking phase we are now in: after witnessing the power of this new
technology and before its widespread adoption-what they call the Between Times. While there
continue to be important opportunities for businesses  there are also threats of disruption. As
prediction machines improve  old ways of doing things will be upended. Also  the process by
which AI filters into the many systems involved in application is very uneven. That process
will have winners and losers. How can businesses leverage  or 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 policy maker on how to make the coming AI
disruptions work for you rather than against you--

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