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Comment by jsemrau | Hacker News Reader

Yes it is. Allow be to boast, but over the last 4 years I have implemented automated credit decision systems replacing human credit analysts and event recommendation systems categorizing 3,000,000 events only on the description. The power these new technologies have is on the same scale as fire and electricity.

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What's your educational background? I have been following the field closely for the past five years, and I am starting to feel like staying in application development is a dead end unless I start learning AI and Machine Learning concepts at a deeper level.

If you have an affinity for math specifically Linear Algebra and Applied Statistics most of the concepts are quite straightforward to understand. When building credit scorecards, the main point during a project is to find out which characteristics rank.

Is the primary advantage of these systems over human deciders that they make better decisions or that they can be sold as being free of bias in ending?

No model is free of bias. They are still trained by humans. But they make it faster, 24/365, and with a similar degree of accuracy.

Absolutely agreed, I have been building stock trading robots for years, but this is not AI, but automation. AI would be the computer to build me one money making robot from scratch...

I'd think that the primary advantage is they don't require paying salaries.

Same as not requiring people to manually turn on the gas lights in the evening.

Maybe adding to that is that is that from a practitioners point of view AI is marketed heavily because most of the large tech companies can increase higher utilization rates of their infrastructure

[1]https://e27.co/innovative-cognitive-services-new-oil-begun-r...

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