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Book Synopsis
How a web-scale network of autonomous micromanagers can challenge the AI revolution and combat the high cost of quantitative business optimization.

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

Microprediction Building an Open AI Network

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    A Hardback by Peter Cotton

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      Publisher: MIT Press Ltd
      Publication Date: Publication Date: 08/11/2022
      ISBN13: 9780262047326, 978-0262047326
      ISBN10: 0262047322

      Description

      Book Synopsis
      How a web-scale network of autonomous micromanagers can challenge the AI revolution and combat the high cost of quantitative business optimization.

      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

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