Things To Be Expected From Artificial Intelligence

What things can we expect from artificial intelligence.  To understand how advances in AI are likely to change the workplace, and the work of managers, you need to know where AI delivers the most value.

Artificial intelligence is prominently featured by major companies such as Apple, Amazon, and Google in their product launches.

What Artificial Intelligence Can Do

Artificial intelligence presents the opportunity to make something that has been comparatively expensive, abundant, and cheap.  This task that AI makes abundant and inexpensive is prediction.  The ability to take information you have and generate information you did not previously have.  AI is linked to to advances in prediction.  It can help us solve problems that were not previously prediction oriented, how the value of human skills will rise and fall, and what the implications for managers.  Technological change affecting the previous task will allow us to anticipate how AI may affect what workers and managers do.

Machine Learning And Prediction

The recent advances in artificial intelligence under machine learning will involve programming computers to learn from example data or past experience.  Environments with a high degree of complexity are where machine learning is most useful.

When we talk of prediction, it usually means anticipating what will happen in the future.  Machine learning can be used to predict whether a bank customer will default a loan.  But we can also apply it to the present by using symptoms to develop a medical diagnosis.

Recent advances in speed, data storage, data retrieval, sensors, and algorithms have combined to dramatically reduce the cost of machine learning-based predictions.

The Value Of Prediction

Prediction can be useful to anticipate actions and reactions of people to certain situations.  It may not only be applicable to humans, but to thins as well.  For example, one can predict what the outcome of a new product will be in the market based on statistics.  Machine learning is very much useful to almost all situations.  This makes artificial intelligence an important contributor to advances in technology and people’s lives.