Book Image

AI & Data Literacy

By : Bill Schmarzo
5 (1)
Book Image

AI & Data Literacy

5 (1)
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

The danger of making decisions based on averages

Another less explored human decision-making trap is the tendency to rely upon averages to help us make more informed decisions. If you make decisions based upon averages, at best, you’ll get average results. Beware of making decisions based on averages because one can drown in a river with an average depth of only 6 inches.The challenge with making decisions based on averages is that no one is average. For example, the United States Air Force pilots were struggling to effectively command their fighter jets in the 1950s. The problem was that the cockpit had a standard design based on the 1920s average pilot. The Air Force decided to update their measurement of the average pilot and adjust the cockpit design accordingly[3].Air Force Lieutenant Gilbert Daniels measured more than 4,000 pilots across 10 size dimensions to create an updated standard cockpit design. The air force had assumed that most pilots would fall within average across...