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You're reading from  AI & Data Literacy

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Published inJul 2023
PublisherPackt
ISBN-139781835083505
Edition1st Edition
Concepts
Artificial Intelligence
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Bill Schmarzo
Bill Schmarzo
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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

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The danger of making decisions based on averages

Another less explored human decision-making trap is the tendency to rely upon averages to help us make more informed decisions. If you make decisions based upon averages, at best, you’ll get average results. Beware of making decisions based on averages because one can drown in a river with an average depth of only 6 inches.The challenge with making decisions based on averages is that no one is average. For example, the United States Air Force pilots were struggling to effectively command their fighter jets in the 1950s. The problem was that the cockpit had a standard design based on the 1920s average pilot. The Air Force decided to update their measurement of the average pilot and adjust the cockpit design accordingly[3].Air Force Lieutenant Gilbert Daniels measured more than 4,000 pilots across 10 size dimensions to create an updated standard cockpit design. The air force had assumed that most pilots would fall within average across...

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AI & Data Literacy
Published in: Jul 2023Publisher: PacktISBN-13: 9781835083505
© 2023 Packt Publishing Limited All Rights Reserved

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

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