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Would the Roald theory not still apply in this case? The AI would drastically lower the in-house transaction costs by decreasing imperfect information by potent
by selestify 5y ago
Would the Roald theory not still apply in this case? The AI would drastically lower the in-house transaction costs by decreasing imperfect information by potentially orders of magnitude.
- onecommentman 5y ago“Drastically lower” and “orders of magnitude” are not phrases to be rashly thrown around. AI may hold the promise of faster, cheaper and better, but that remains to be proven by metrics applied to its implementation into existing business processes. Or at least fielded prototypes integrated into existing operations that demonstrate such dramatic improvements. The graveyard of failed IT implementation is strewn with program corpses wrapped in winding sheets/business plans that promised “drastic” improvements.
- lifeisstillgood 5y agoThis depends if we think there is a "magic AI to solve it for us" or use of tight feedback loops mediated by software. To overuse an example, logistics is the latter - the software tells each person what box to move to where and when. Decision making is removed. I call this an immutable company - software is released once and that is the company. another release is a new compmay. Now imagine taking this to other organisations. Civil service seems a likely area for much more restricted decision making - can't you imagine how much Congress would like to precisely define what civil servants can do - down to daily activities?
- lifeisstillgood 5y agoooohhhh I see ...