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Monday, March 06, 2017

AI Changing the 80/20 Rule

Interesting and perceptive thoughts about the implications of AI  In the HBR:

AI Is Going to Change the 80/20 Rule
by Michael Schrage

Many high-performance organizations remain passionate about Vilfredo Pareto, the incisive Italian engineer and economist. They continue to be inspired by his 80/20 principle, the idea that 80% of effects (sales, revenue, etc.) come from 20% of causes (products, employees, etc). As machine learning and AI algorithmic innovation transform analytics, I’m betting that next-generation algorithms will supercharge Pareto’s empirically provocative paradigm. Here are three important ways that AI and machine learning will redefine how organizations use the Pareto principle to digitally drive profitable innovation to levels beyond conventional analytics. ... " 

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