Reader small image

You're reading from  AI & Data Literacy

Product typeBook
Published inJul 2023
PublisherPackt
ISBN-139781835083505
Edition1st Edition
Right arrow
Author (1)
Bill Schmarzo
Bill Schmarzo
author image
Bill Schmarzo

Bill Schmarzo, The Dean of Big Data is a University of San Francisco School of Management Executive Fellow and an Honorary Professor at the School of Business and Economics at the National University of Ireland-Galway where he teaches and mentors students in his courses “Big Data MBA” and “Thinking Like a Data Scientist". He is the author of Big Data: Understanding How Data Powers Big Business, Big Data MBA: Driving Business Strategies with Data Science, and The Art of Thinking Like a Data Scientist. He has written countless whitepapers, articles and blogs, and given keynote presentations and university lectures on the topics of data science, artificial intelligence/machine learning, data economics, design thinking and team empowerment.
Read more about Bill Schmarzo

Right arrow

What constitutes a healthy AI utility function?

The AI utility function is a set of factors (variables and metrics) with associated weights that map outcomes to utility values to guide an AI model's decision-making process. It measures decision effectiveness and continuously learns and adapts to improve performance. It is a mathematical expression that maps the input space (e.g., the possible actions an AI model can take) against a set of output values representing the operating environment’s preferences or goals. The weights assigned to different variables and metrics determine the relative importance of those variables and metrics in the AI model’s decision-making process. By maximizing the expected utility of its decisions, an AI model can make choices more likely to achieve the desired operational outcomes.An AI model will continuously seek to optimize its AI utility function as the AI model interacts with its operating environment. The AI model provides positive...

lock icon
The rest of the page is locked
Previous PageNext Page
You have been reading a chapter from
AI & Data Literacy
Published in: Jul 2023Publisher: PacktISBN-13: 9781835083505

Author (1)

author image
Bill Schmarzo

Bill Schmarzo, The Dean of Big Data is a University of San Francisco School of Management Executive Fellow and an Honorary Professor at the School of Business and Economics at the National University of Ireland-Galway where he teaches and mentors students in his courses “Big Data MBA” and “Thinking Like a Data Scientist". He is the author of Big Data: Understanding How Data Powers Big Business, Big Data MBA: Driving Business Strategies with Data Science, and The Art of Thinking Like a Data Scientist. He has written countless whitepapers, articles and blogs, and given keynote presentations and university lectures on the topics of data science, artificial intelligence/machine learning, data economics, design thinking and team empowerment.
Read more about Bill Schmarzo