Humans make thousands of decisions every day. To make efficient decisions, we employ both prediction and judgment, often without realizing it. However, the rise of artificial intelligence (AI) is shifting one of those ingredients - prediction - from humans to machines. Increasing the speed and accuracy of this function is setting the stage for new decisions. Today, we stand on the precipice of a renaissance in decision-making.

This has profound implications for business and society. Ajay Agrawal, author of the best-seller “Prediction Machines: The Simple Economics of Artificial Intelligence” will break down what AI can and cannot do and explain how this technology can be used to create products and services that delight customers and enhance profits.  

Learning objectives:

• The rise of AI can be recast as a drop in the cost of prediction
• Unbundle decision-making: AI's can perform prediction while humans handle judgment
• AI’s are the first tool in human history to learn - the more we use it, the smarter it gets