The artificial intelligence (AI) revolution is leaving behind small businesses and organizations that cannot afford in-house teams of data scientists. In Microprediction, Peter Cotton examines the repeated quantitative tasks that drive business optimization from the perspectives of economics, statistics, decision making under uncertainty, and privacy concerns. He asks what things currently described as AI are not "microprediction," whether microprediction is an individual or collective activity, and how we can produce and distribute high-quality microprediction at low cost. The world is missing a public utility, he concludes, while companies are missing an important strategic approach that would enable them to benefit—and also give back.
In an engaging, colloquial style, Cotton argues that market-inspired "superminds" are likely to be very effective compared with other orchestration mechanisms in the domain of microprediction. He presents an ambitious yet practical alternative to the expensive "artisan" data science that currently drains money from firms. Challenging the machine learning revolution and exposing a contradiction at its heart, he offers engineers a new liberty: no longer reliant on quantitative experts, they are free to create intelligent applications using general-purpose application programming interfaces (APIs) and libraries. He describes work underway to encourage this approach, one that he says might someday prove to be as valuable to businesses—and society at large—as the internet.
- English
- ePUB (mobile friendly)
- Available on iOS & Android
eBook - ePub
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Table of contents
- Cover
- Title Page
- Copyright
- Epigraph
- Dedication
- Table of Contents
- The Pitch
- 1. Overview
- 2. Commercial Use
- 3. Oracles
- 4. Economical Statistics
- 5. Micromanagers
- 6. Contests
- 7. Communication
- 8. Decisions
- 9. Privacy
- 10. Afterword
- Acknowledgments
- Bibliography
- Index
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Yes, you can access Microprediction by Peter Cotton in PDF and/or ePUB format, as well as other popular books in Computer Science & Artificial Intelligence (AI) & Semantics. We have over 1.5 million books available in our catalogue for you to explore.