"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."
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
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
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