Ajay Agrawal author photo
Image via Wikimedia Commons, licensed under CC BY-SA 4.0.

Ajay Agrawal

Ajay Agrawal is a Canadian economist and business professor whose writing focuses on artificial intelligence, innovation, and strategy. He coauthored Prediction Machines and Power and Prediction, influential books on AI’s economic implications, and is widely known for helping shape managerial thinking through his research and leadership at the Creative Destruction Lab.

Quotes

quote
The task that AI makes abundant and inexpensive is prediction
-What to Expect From Artificial Intelligence
quote
Prediction and judgment are complements as long as judgment is not too difficult
-Prediction, Judgment and Complexity
quote
AI adoption may, therefore, require system-wide change which is both a constraint and an opportunity
-AI Adoption and System-Wide Change
quote
labor and antitrust policies will influence the consequences of AI in terms of employment, inequality, and competition
-Economic Policy for Artificial Intelligence
quote
the skills that will be important later in their careers are going to be different than the skills that are important today
-Artificial Intelligence in the Office and the Factory
quote
So when people ask if humans are going to be necessary, the answer is that our value goes up as we can apply our judgment
-Ajay Agrawal explains economics of AI
quote
As AI prediction advances, the distribution of judgment will increasingly determine the distribution of wealth and power
-Machine Intelligence and Human Judgment
quote
Everything is built on systems of constraint, and until we revisit the rules that glue these systems together, AI will only ever add incremental value
-AI could fundamentally change the way systems are built...if we let it

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Community Voices

"Ajay Agrawal is at the forefront of innovation"

Governor General of Canada

"Ajay Agrawal is one of Canada’s foremost business academics"

The Globe and Mail

"Dr. Ajay Agrawal is one of the foremost voices on economics of artificial intelligence"

Federal Reserve Bank of Chicago

"A visionary leader and educator, Dr. Ajay Agrawal has transformed the Canadian entrepreneurial ecosystem"

University of Calgary

"Ajay Agrawal is an expert on innovation economics and one of Rotman’s most popular professors"

The Globe and Mail

"Ajay Agrawal has made incredible strides in this area"

Forbes

"In Power and Prediction, Ajay Agrawal, Joshua Gans, and Avi Goldfarb make a compelling case for a system mindset"

Balsillie Prize Jury

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