Benefits and Risks of Artificial Intelligence Mit Technology Review

Magazine Leap 2017 Event

What to Await From Bogus Intelligence

To understand how advances in bogus intelligence are likely to change the workplace — and the piece of work of managers — you demand to know where AI delivers the most value.

Feb 07, 2017 Reading Time: thirteen min

Topics

Already a member?

Sign in

Not a fellow member?

Sign up today

Member

Gratis

5 free articles per month, $half dozen.95/article thereafter, free newsletter.

Subscribe

$75/Year

Unlimited digital content, quarterly magazine, gratuitous newsletter, entire archive.

Sign me upward

Major engineering science companies such equally Apple, Google, and Amazon are prominently featuring artificial intelligence (AI) in their product launches and acquiring AI-based startups. The flurry of involvement in AI is triggering a variety of reactions — everything from excitement near how the capabilities will augment human labor to trepidation about how they will eliminate jobs. In our view, the best manner to assess the affect of radical technological modify is to ask a fundamental question: How does the technology reduce costs? Merely and so can we actually figure out how things might modify.

To appreciate how useful this framing can exist, let'southward review the rise of computer technology through the aforementioned lens. Moore's police, the long-held view that the number of transistors on an integrated circuit doubles approximately every two years, dominated it until only a few years ago. What did the semiconductor revolution reduce the cost of? In a word: arithmetic.

This reply may seem surprising since computers have become and so widespread. Nosotros use them to communicate, play games and music, design buildings, and even produce art. Just deep downwards, computers are souped-up calculators. That they announced to do more is testament to the power of arithmetic. The link betwixt computers and arithmetic was clear in the early days, when computers were primarily used for censuses and various armed services applications. Earlier semiconductors, "computers" were humans who were employed to do arithmetic bug. Digital computers made arithmetic inexpensive, which somewhen resulted in thousands of new applications for everything from data storage to discussion processing to photography.

AI presents a like opportunity: to brand something that has been comparatively expensive abundant and inexpensive. The job that AI makes abundant and inexpensive is prediction — in other words, the ability to take information y'all have and generate information you didn't previously have. In this commodity, we will demonstrate how improvement in AI is linked to advances in prediction. Nosotros will explore how AI tin can help us solve problems that were not previously prediction oriented, how the value of some human skills will rise while others fall, and what the implications are for managers. Our speculations are informed by how technological change has afflicted the price of previous tasks, allowing us to anticipate how AI may affect what workers and managers practise.

Read the Total Commodity

Already a subscriber? Sign in

Topics

Well-nigh the Authors

Ajay Agrawal is the Peter Munk Professor of Entrepreneurship at the University of Toronto's Rotman Schoolhouse of Management in Toronto, Ontario, likewise as founder of the Creative Destruction Lab, a Canada-based training and mentoring programme for founders of engineering startups. Joshua South. Gans holds the Jeffrey S. Skoll Chair in Technical Innovation and Entrepreneurship at the Rotman School and is principal economist of the Creative Destruction Lab. Avi Goldfarb is the Ellison Professor of Marketing at the Rotman School and chief data scientist of the Creative Destruction Lab.

Acknowledgments

The authors wish to thank James Bergstra, Tim Bresnahan, and Graham Taylor for helpful discussions. All views remain our own.

More Similar This

Comments (7)

megumi chakma

March 12, 2018

Artificial intelligence makes our life easy by processing many services. On the other hand, many are feel threated by the artificial intelligence run robotics. It tin can take the place of the human being in the workforces. In term of the high proficiency, authentic works, in that location is no doubt that bogus intelligence will influence profoundly. But, by losing the workspace of homo, the consuming ability of the human will subtract due to unemployment. I visited a company website titled https://world wide web.namr.com and found many avant-garde works in dissimilar areas.

Theunis Van Niekerk

June 20, 2017

The shortcoming of predictive intelligence is in the "why" the correlation exists. AI cannot predict if I would cull the red or greenish apple tree, unless I select the light-green or red apple in correlation to another upshot with a fair corporeality of consistency. Simply but because I experience like eating a green apple may not have a correlation.   AI correlations depend on a loftier probability that the by to be repeated in the future, which nosotros know is not e'er the true.

Michael Zeldich

March 04, 2017

The future is not in AI. Instead information technology is in artificial subjective systems, capable to piece of work in unconstrained Globe without any needs in programming.  Designing of the artificial subjective systems will establish the major leap from machines designed for a purpose to machines designed with abilities.                

Jose Miguel Rodriguez

Feb 23, 2017

Interesting discussion of AI in the workplace. I concord with your analysis, but I retrieve the about difficult aspect of AI is related to the decision making process. In my feel not but algorithmic approaches solve the job. I used succesfully the heuristic arroyo for determining the fashion the succesful manager takes his decisions. I published in my book: How to make your business an intelligent ane (merely in spanish in Mexico), what I developed as the "Online Advisor", as a outcome of an AI arroyo of machine learning. But present I´ve encountering a lot of bug to replicate this ´crusade the succesful  managers are non and so comfortable to share their way of making decisons. This is a barrier in bodily enterprises.

leedudka

Feb 22, 2017

All well said here.  Q: What about the cultural change that will allow this to happen optimally? If prediction agents force managers to be more (high-level) "people-skilled" -- not simply serve as "mentors" answering questions -- how volition businesses movement toward training managers to exercise this?  For decades, businesses have relied on "online learning"/knowledge bases as the answer -- and ignored the soft skills.  But online "knowledge bases" can't replace the training needed to handle/resolve a heated discussion, or address a hostile senior-level audience listening to a proposal for change, or even become users of new IT systems to have them.  As nosotros often hear, "culture eats (an innovation) strategy for luncheon" every single twenty-four hours.  An AI-influenced enterprise volition crave many steps and plenty of time to align direction skills with the needs of the new workplaces.  It would be useful to Test "the shortest path" to such a new workplace.

Nik Zafri Abdul Majid

February 22, 2017

AI; in the form of awarding/arrangement; has definitely helped in decision making and proactive identification of risks for any future projects to exist undertaken. Information technology helps in terms of proposed mitigation of issues that haven't even arising yet. Merely almost of import, the past datum beingness input in the system must be something emperical in lodge to accept a proper and systematic false model.

Manu Sharma

February 15, 2017

Absolutely super commodity Ajay.  Next question would be, how does growth of prediction technologies impact the human workforce, in short and long term. Preparation requirements for the existing workforce and the changing role of educational institutes in this transformation.

bowleswidere.blogspot.com

Source: https://sloanreview.mit.edu/article/what-to-expect-from-artificial-intelligence/

Share this post