(04) ALGORITHMS NEED MANAGERS, TOO

Question 1

Algorithms behave very differently from humans, in two important ways. State and explain these ways.

Answer 1

(1) Algorithms are extremely literal.
It does exactly what it’s told—and ignores every other consideration.

(2) Algorithms are black boxes.
algorithms often can predict the future with great accuracy but tell you neither what will cause an event nor why.

Question 2

Recognizing these two limitations of algorithms is the first step to managing them better. Now let’s look at other steps you can take to leverage them more successfully. State the steps.

Answer 2

(1) Be Explicit About All Your Goals

(2) Minimize Myopia

(3) Choose the Right Data Inputs
3.1 Wider is better
3.2 Diversity matters

(4) Understand the Limitations