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)
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In the fourth component of the AI & data literacy educational framework, we focus on Prediction and Statistics capabilities. Being prediction and statistics savvy involves leveraging patterns, trends, and relationships uncovered in the organization’s vast data troves to make predictions about what is likely to happen that power more accurate, precision decisions.

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Probabilities support the predictions that we make as part of our everyday lives. We watch the news for predictions about tomorrow’s weather. We use GPS to predict how long driving to the movie theater will take. We read columns from sports experts who provide predictions about whether your favorite sports team will win (and will they cover). And it is from the foundation of statistics that we determine the probabilities that help us predict what is likely to happen.Having a solid grasp of statistics goes beyond mere theoretical knowledge...