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Predictive models can lose the plot : here's how to keep them on track : algorithmic inertia can result in guidance that leads business astray / Vern L. Glaser, Omid Omidvar, Mehdi Safavi.
O'Reilly Online Learning: Academic/Public Library Edition Available online
O'Reilly Online Learning: Academic/Public Library Edition- Format:
- Book
- Author/Creator:
- Glaser, Vern L., author.
- Omidvar, Omid (Lecturer in strategic management), author.
- Safavi, Mehdi, author.
- Language:
- English
- Subjects (All):
- Business planning.
- Strategic planning.
- Algorithms.
- Physical Description:
- 1 online resource (8 pages) : illustrations
- Edition:
- [First edition].
- Place of Publication:
- [Place of publication not identified] : MIT Sloan Management Review, 2023.
- Summary:
- One of the players in the 2008 financial crisis was a phenomenon the authors call algorithmic inertia: when organizations use algorithmic models that are meant to account for a dynamic environment but fail to keep pace with critical changes. In this article, the authors explain algorithmic inertia, identify its sources, and suggest practices that organizations can implement to overcome it.
- Notes:
- OCLC-licensed vendor bibliographic record.
- "Summer 2023 issue, vol. 64, no. 4. Reprint #64415."
- OCLC:
- 1390712928
- Publisher Number:
- 53863MIT64415
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