Power and Prediction: The Disruptive Economics of Artificial Intelligence

Book Description

Disruption resulting from the proliferation of AI is coming. The authors of the bestselling Prediction Machines describe what you can do to prepare.

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.

中文：

书名：力量与预测: 人工智能的颠覆性经济学

人工智能扩散造成的破坏即将到来。最畅销的预测机器的作者描述了你可以做些什么来准备。

银行和金融，制药，汽车，医疗技术，零售。人工智能 (AI) 已经进入了世界各地的许多行业。但事实是，它刚刚开始走向更便宜、更好、更快的预测，以推动战略业务决策 — 推动和加速业务。当预测达到最大值时，行业就会发生变化。这种转变带来的破坏尚未感受到-但它正在到来。

企业如何准备？著名经济学家阿杰·阿格拉瓦尔 (Ajay Agrawal) 、约书亚·甘斯 (Joshua Gans) 和阿维·戈德法布 (Avi Goldfarb) 在他们最畅销的第一本书《预测机器》中解释了人工智能简单但改变游戏规则的经济学。现在，在《力量与预测》中，他们进一步揭示了人工智能作为一种直接影响决策的预测技术，并教企业如何识别人工智能带来的破坏性机会和威胁。他们对人工智能的新发展以及过去技术如何破坏行业的历史进行了详尽的研究，突显了我们现在所处的惊人阶段: 在见证了这项新技术的强大力量之后，在其广泛采用之前-他们称之为 “时代之间”。尽管企业仍然有重要的机会，但也有中断的威胁。随着预测机器的改进，旧的做事方式将被颠覆。此外，人工智能过滤到应用程序中涉及的许多系统的过程非常不均衡。这一过程将有赢家和输家。企业如何利用或保护自己的头寸？

充满启发性见解、丰富的例子和实用的建议、权力和预测是任何商业领袖或政策制定者如何让即将到来的人工智能中断为你工作而不是对你不利的必读指南。