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

Critical thinking in decision-making

Critical thinking is the rational and objective analysis, exploration, and evaluation of an issue or subject to form a viable and justifiable judgment. However, to truly understand critical thinking, I believe that one must first understand objectivity.Objectivity, at its core, is the foundation for making intelligent and well-informed decisions. When engaging in the decision-making process, it is crucial to approach the decision-making process with an open mind, free from preconceived notions. If you already have a predetermined decision in mind, you run the risk of selectively seeking data that confirms your position and disregard information that contradicts your beliefs. Consequently, prioritizing objectivity and consciously avoiding personal biases are essential for mastering critical thinking and this informed decision-making.As discussed in Chapter 1, organizations with various missions gather your personal data to influence your decisions....