Prediction Machines: The Simple Economics of Artificial Intelligence by Ajay Agrawal
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About the Book
Prediction Machines: The Simple Economics of Artificial Intelligence
by Ajay Agrawal
Current price is $19.49 plus shipping for the hardback edition on Amazon. The book may also be available from your local library.
In Prediction Machines, the authors cast the rise of AI as a drop in the cost of prediction. The book shows how basic tools from economics provide clarity about the AI revolution and a basis for action by CEOs, managers, policymakers, investors, and entrepreneurs.
When AI is framed as a cheap prediction, its extraordinary potential becomes clear:
- Prediction is at the heart of making decisions under uncertainty. Our businesses and personal lives are riddled with such decisions.
- Prediction tools increase productivity--operating machines, handling documents, communicating with customers.
- Uncertainty constrains strategy. Better prediction creates opportunities for new business structures and strategies to compete.
The book follows its inescapable logic to explain how to navigate the changes on the horizon. The impact of AI will be profound, but the economic framework for understanding it is surprisingly simple.
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Based on the book length, this Strategic and Business Management talent triangle topic should take four hours to read which converts to 4 educational PDUs for qualified PMPs who are under PDU limit for their current three year certification cycle. Please note that these PDUs will need to be reported as reading. One additional PDU for informal learning may be counted for attending the book club meeting to discuss the book. For full details on PDU reporting refer to the Certification Requirements Handbook.
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About the Member's Only Reston Book Club
The Reston Book Club is a forum for talking about books that touch on the widely varied challenges of project and program management. There is no Book Club membership. Any PMIWDC member can sign up to join our conversations. There are just three key requirements: preregistration, reading the book before the meeting, and bringing a copy of the book to the meeting. Note that you should sign up early as we limit the discussion to fifteen people so that everyone has a chance to share their opinion.
Come to the Book Club with an open mind and prepare to have your understanding adjusted as you hear about the book through the voices of your professional peers.
Studying project management and related topics through books is recognized and rewarded by PMI in PDUs, roughly on the basis of one hour of study equals one PDU. Continued certification as a PMP requires the accumulation of these valuable credits and we are pleased to offer this opportunity to obtain both the important training and the educational credit associated with it.