Deep Learning, Deep Change?

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Established fields and industries tend to cluster geographically, and the question of to what extent these can be disrupted has a long history of research. We take a modern look at this question, by analysing the effect of the emergence of the deep-learning paradigm in the broader domain of machine learning research.

Data & Analytics

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Slides for paper presented at Data for Policy Conference September 2017. Abstract Algorithmic decision-making systems based on artificial intelligence and machine learning are enabling unprecedented levels of personalisation, recommendation and matching. Unfortunately, these systems are fallible, and their failures have costs. I develop a formal model of algorithmic decision-making and its supervision to explore the trade- offs between more (algorithm-facilitated) beneficial decisions and more (algorithm-caused) costly errors. The model highlights the importance of algorithm accuracy and human supervision in high-stakes environments where the costs of error are high, and shows how decreasing returns to scale in algorithmic accuracy, increasing incentives to ’game’ popular algorithms, and cost inflation in human supervision might constrain optimal levels of algorithmic decision-making.

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Big and Social Media data opens up new scenarios and opportunities for management research (such as using internal communication data to map knowledge networks inside firms, or using web data to study firm capabilities and strategies). This presentation, given at the British Academy of Management 2014 conference proposes a typology of such scenarios, describes the skills required to exploit them, and considers implications for the education and training of management researchers.

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