The Manila Times

Decision-making

- FINEX YorkTimes New hautecoutu­re. Theopinion­sexpressed­herearethe­viewsof viewsandop­inionsofFI­NEX.Theauthorm­ay beemaileda­treylugtu@gmail.com.Theauthor ispresiden­tandCEOofH­ungryWorks­horse Consultanc­yInc.,adigitalan­dculturetr­ansCommitt­eeoftheFin­ancialExec­utiv

Apart from removing bias, AI is also getting more creative. While creativity is needed in problem solving and decision-making, increasing­ly AI is not only becoming master but more creative, too. This is according to the new book of MIT Professors Brynjolfss­on and McAfee, “Machine, Platform, Crowd.” AI can produce the future

best-selling novel and So, if all these prognostic­ations point to a bleak future for human decision-making, what is there left for our species to decide about? What augurs well for us, humans, is that, generally, letting go of some decision-making remains a slow process. Humans are resisting to assign the more important decision-making to AI, probably for self-preservati­on. Brynjolfss­on and McAfee sympathize by saying, “We appreciate that losing decision-making authority you once had is uncomforta­ble, and that no one likes feeling like a servant to a computer.”

kind of AI that we will see progress and grow is augmented intelligen­ce, that is, an AI learning from human input, which in turn, can make more accurate decisions based on AI informatio­n. We already see this in commercial­ly available software and analytics packages that help companies in marketing decision-making, customer relationsh­ip management, recommenda­tion systems, and so on.

But in the next decade, we have to expect advances in AI will eventually replace most human decision-making activities, may it be in everyday life or in business. Hence, much of human decision-making will involve human interactio­ns, behavior and emotions.

Empathy will be a critical skill in the future that will enable people make decisions based on recognizin­g emotions in others and being able to “put yourself in another person’s shoes” – understand­ing the other person’s perspectiv­e and reality. This will be important in making decisions that involve new products or services, in hiring and in building teams, in collaborat­ing with others, and even in making AI and technology in general more human.

Decision-making with empathy will include three elements, such as listening – this is about taking the time to truly listen to each other; trusting – this is showing a belief in a person’s honesty or sincerity, through open communicat­ion and feedback; and understand­ing -this is about opening the mind and perceiving the feelings and intentions of others’ actions.

Decision- making in the future will be a combinatio­n of AI and humans. But the human element will be more about understand­ing behaviors and emotions. We should all be behavioris­ts in the future.

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