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AI & Data Literacy

AI & Data Literacy

By : Bill Schmarzo
4.8 (25)
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AI & Data Literacy

AI & Data Literacy

4.8 (25)
By: Bill Schmarzo

Overview of this book

AI is undoubtedly a game-changing tool with immense potential to improve human life. This book aims to empower you as a Citizen of Data Science, covering the privacy, ethics, and theoretical concepts you’ll need to exploit to thrive amid the current and future developments in the AI landscape. We'll explore AI's inner workings, user intent, and the critical role of the AI utility function while also briefly touching on statistics and prediction to build decision models that leverage AI and data for highly informed, more accurate, and less risky decisions. Additionally, we'll discuss how organizations of all sizes can leverage AI and data to engineer or create value. We'll establish why economies of learning are more powerful than the economies of scale in a digital-centric world. Ethics and personal/organizational empowerment in the context of AI will also be addressed. Lastly, we'll delve into ChatGPT and the role of Large Language Models (LLMs), preparing you for the growing importance of Generative AI. By the end of the book, you'll have a deeper understanding of AI and how best to leverage it and thrive alongside it.
Table of Contents (14 chapters)
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12
Other Books You May Enjoy
13
Index

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The previous chapter introduced us to the world of analytics, including key analytic concepts and the Analytics Maturity Index. But AI is too much of a game-changer not to give it its own chapter. AI is different from any other analytics technology we have seen. Unlike traditional analytics that seek to optimize operational use cases, AI seeks to learn. And AI can continuously learn and adapt at speeds billions if not trillions of times faster than humans with minimal human intervention, without the proper precautions and AI model training, that can lead to disastrous unintended consequences.So, let’s use this chapter to deep dive into how AI works and the vital role that every person needs to play in defining the AI utility function that guides how the AI model works to achieve user-defined outcomes.This chapter will cover the following topics:

  • How does AI work?
  • What constitutes a healthy AI utility function...
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