Book Image

AI & Data Literacy

By : Bill Schmarzo
Book Image

AI & Data Literacy

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)
12
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13
Index

What constitutes a healthy AI utility function?

The AI utility function is a set of factors (variables and metrics) with associated weights that map outcomes to utility values to guide an AI model's decision-making process. It measures decision effectiveness and continuously learns and adapts to improve performance. It is a mathematical expression that maps the input space (e.g., the possible actions an AI model can take) against a set of output values representing the operating environment’s preferences or goals. The weights assigned to different variables and metrics determine the relative importance of those variables and metrics in the AI model’s decision-making process. By maximizing the expected utility of its decisions, an AI model can make choices more likely to achieve the desired operational outcomes.An AI model will continuously seek to optimize its AI utility function as the AI model interacts with its operating environment. The AI model provides positive...