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"The most dangerous decision-making fallacy is that informed decision-makers will naturally make better, more objective decisions. Making consistently timely, effective, informed decisions takes hard work. Trust me – it’s worth it.  Effective decision-making is the essential common ingredient behind every successful step, initiative, and strategy that people, organizations, and national governments undertake." 

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    Sensors and the Internet of Things (IoT)
    Ozzie Paez
    • Mar 18, 2021
    • 1 min

    Sensors and the Internet of Things (IoT)

    This post focuses on sensing technologies indispensable to many #AI applications in fields like agriculture, medicine, and #epidemiology. Interconnected devices within the Internet-of-Things, #IoT, are poised to change practices by delivering more timely, accurate data than previously available. For example, epidemiologists currently rely on data sources with significant limitations, including (1) clinical case data tightly controlled by privacy laws and healthcare provider p
    2 views0 comments
    Modeling Infectious Diseases (SIR)
    Ozzie Paez
    • Feb 18, 2021
    • 1 min

    Modeling Infectious Diseases (SIR)

    My last post discussed how #AI, #modeling, and #analytics complement each other and synergistically drive performance and decision-making. This one illustrates their interactions through epidemiology’s SIR (Susceptible, Infected, Recovered) model. The basic structure and equations are shown in the image along with a mathematical expression describing isolation strategies. All models are simplistic approximations, but they can help us better understand knowns and unknowns (opp
    1 view0 comments
    Education redefined in the age of AI
    Ozzie Paez
    • Jan 7, 2021
    • 1 min

    Education redefined in the age of AI

    Western education is built on a narrower-deeper paradigm. As students enter Bachelors, Masters, and PhD programs, of necessity, they learn more and more about less and less. This costly and time-consuming model has served us well. Universities supplied the generations of highly trained specialists who founded and worked for companies that revolutionized modern life and the global economy. Artificial intelligence is challenging this model. College programs are struggling to gr
    0 views0 comments
    The AI-Healthcare Revolution
    Ozzie Paez
    • Jan 17, 2019
    • 3 min

    The AI-Healthcare Revolution

    Advances in technology, particularly sensors, physiological models and artificial intelligence (AI) are poised to revolutionize fitness and health. They will also disrupt traditional healthcare, from doctors’ offices to emergency rooms. At stake will be the most intimate aspects of human existence: longevity, quality of life and independence. The nation is in desperate need of this emerging revolution because, if you run the numbers as we have, it’s evident that even the m
    32 views0 comments
    Artificial intelligence and stock markets
    Ozzie Paez
    • Jan 9, 2019
    • 3 min

    Artificial intelligence and stock markets

    It’s impossible to miss the wild, record swings in the stock market. Scary things for investors accustomed to more sensible market behaviors. Expert commentators quickly pointed to traditional factors including higher interest rates, a potential slowdown of the world economy and trade tensions. These explanations haven’t been convincing, given that the U.S. economy is strong and that previous periods of instability didn’t lead to similar sustained, record-breaking volatili
    26 views0 comments
    Putting machine learning to work
    Ozzie Paez
    • Dec 20, 2018
    • 3 min

    Putting machine learning to work

    Science fiction continues to undermine our general understanding of artificial intelligence. Even well-educated people frequently project human characteristics onto systems, software and algorithms devoid of human feelings, ethics and morals. Machine learning (ML), for example, is often framed as machines learning and making decisions like humans do. That’s a dangerous misconception. People use a variety of methods and strategies to make decisions ranging from formal empi
    22 views0 comments
    Should AI worry or excite CEOs?  Yes!
    Ozzie Paez
    • Oct 18, 2018
    • 3 min

    Should AI worry or excite CEOs? Yes!

    According to a recent survey, a majority of Fortune 500 CEOs see Artificial Intelligence (AI) as a big challenge[i]. Their feelings are spot on because smart technologies, including AI, are already disrupting markets, and rendering many competitive strategies and business models obsolete. Fortunately, emerging opportunities are staggering for those prepared to exploit them. AI and related technologies are projected to add $10-$15 trillion in GDP by 2030. So – Why are CEOs
    39 views0 comments
    Getting smart about Artificial Intelligence
    Ozzie Paez
    • Aug 7, 2018
    • 2 min

    Getting smart about Artificial Intelligence

    One of my primary functions is helping our clients cope and thrive amid disruptive change. In this context, Artificial Intelligence (AI) is the latest hot topic in technology and business. Our conversations with business owners, executives and managers suggest that they are struggling to understand how to leverage AI technologies to improve their competitive position. They’ve also expressed concerns over threats from new and emerging competitors who may be better prepared
    35 views0 comments
    Smart tech, people and competition
    Ozzie Paez
    • Jun 19, 2018
    • 3 min

    Smart tech, people and competition

    Automation is becoming more capable, reliable and less expensive to deploy. Autonomous and semi-autonomous systems are doing things that were science fiction a few generations ago. These include: intricate surgeries, flying airplanes, driving cars, cooking hamburgers, cleaning homes and running industrial operations. Smart systems analyze economic performance, stock markets, legal strategies and the data at the heart of theoretical physics. Technologists and economists have l
    20 views0 comments
    Human risks of the robotic revolution
    Ozzie Paez, Dean Macris
    • May 31, 2018
    • 4 min

    Human risks of the robotic revolution

    According to the Guardian, 39-year-old Bhavesh Patel was captured on camera sitting in the driver’s seat of his Tesla s60 as it travelled along the M1 motorway. The self-driving car did not cause an accident and arrived at its destination as expected. Mr. Patel admitted his actions in court. He received an 18-month suspension, had to attend a ten-day driving program and pay £1,800 in court costs. PC Kirk Caldicutt, a traffic policeman, described Patel’s behavior as “grossly i
    18 views0 comments
    The business implications of the Internet-of-Things (IoT)
    Ozzie Paez
    • Oct 7, 2017
    • 3 min

    The business implications of the Internet-of-Things (IoT)

    Massachusetts Institute of Technology’s (MIT) decision to offer a short course on the business implications of the Internet-of-Things (IoT) reflects the growing importance of the IoT for corporations large and small. I've been studying it in detail for over three years, focusing on its potential impacts on business, government and other institutions. During this period, the IoT has been for most businesses a growing phenomenon hidden in plain sight. It remains largely misun
    70 views0 comments

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