From the course: Artificial Intelligence for Business Leaders

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Build systems with expertise

Build systems with expertise

From the course: Artificial Intelligence for Business Leaders

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Build systems with expertise

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- There are many cases where you'd need a very specialized decision-making system. You'd certainly want a specialized system to evaluate X-rays, but there are also many times where you'd use a more general form of decision-making. We've seen this happening with banks and credit cards. You've probably seen those websites that promise a 30-second decision for a loan or credit card. These websites typically use a form of automated decision-making. They'll look at your credit score, and if you meet a certain criteria, you'll get approved. Newer machine learning algorithms allow you to do this in a much more sophisticated way. These automated decision-making systems aren't limited to a simple credit score. Instead, these newer systems can look at your employment history, your job history, and even your social media data. Because they're looking through so much more data, they can usually make a much more accurate decision. And…

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