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

False positives, false negatives, and AI model Confirmation Bias challenge

Confirmation bias is a cognitive bias that occurs when people give more weight to evidence supporting their existing beliefs while downplaying or ignoring evidence contradicting those beliefs.AI model confirmation bias can occur when the data used to train the model is unrepresentative of the population the model is intended to predict. AI model confirmation bias can lead to inaccurate or unfair decisions and is of significant concern in fields such as employment, college admissions, credit and financing, and criminal justice, where the consequences of incorrect predictions can be severe. ADD

Figure 6.6: Areas where AI is Being Used to Guide Decisions

Mitigating model false positives and false negatives plays a vital role in reducing the impact of model confirmation bias and ensuring responsible and effective decision-making. By minimizing false positives, we avoid making incorrect assumptions or taking unnecessary...