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Advanced AI is facilitating the transfer of expertise from humans to machines and back to humans like never before. This article examines three cases of where this has occurred and suggests how these advances in technology could boost the effectiveness of your decision making to improve competitiveness. The companies include a venture capital firm looking to improve initial vetting of investment opportunities, a satellite data analytics company looking to assess the credit risks of small-holder farmers, and the R&D unit of an Australian company looking to upskill its employees’ problem-solving skills.
You might not have heard of expert systems, but they’re already in use in many fields including fault diagnosis, finance, and medicine. In artificial intelligence (AI), an expert system is a computer program that mimics the decision-making capabilities of a human expert. These systems are built to address complex problems by reasoning through extensive knowledge bases, primarily using if-then rules instead of traditional procedural programming.
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