How the combo of People and AI can give us clear insights into the effects of our business and political decisions
An interview with Bulent Ozel, Co-founder and CEO of Lucidminds.
Predicting the future
I got inspired by the big idea behind LucidMinds; hence I invited CEO Bulent Ozel to my podcast. We explore the challenges around creating solutions that are required to look 10, 20, or even 30 years into the future and the ways to overcome such challenges.
The thing that triggered me most from my interview with Bulent:
If we don’t look into how things are suggested, how AI has been developed, that can go out of control. The problem is how we can get humans involved in the process.
Why did this trigger me? What’s the bigger value here?
Virtually all my podcast interviews are AI-related — and the thing I’ve learned is that every case is different. AI can be an excellent contributor to allow us to achieve things we’ve never held possible before. However, not every problem can be solved with AI. Or let me put it differently: If we put AI and humans into a contest, it’s not always black and white how we can obtain the best results. Sometimes the best result is achieved when humans and AI work together.
Lucidminds is on such a track. It’s a track about helping executives and government leaders make the best possible decisions about our future. The fact is, the future is about things we’ve not yet explored, and hence there’s not enough data for AI to perform at its best. Leaving the decisions to humans only isn’t giving the best outcomes either — there’s simply too much bias. The combo is where the magic happens.
What’s the more significant question/opportunity that raises?
LucidMinds proves having a lack of information doesn’t have to be a problem to support complex business decision making. Their gamified approach is optimized to enable people and AI to work in partnership in order to solve complex problems together.
It enables real-world simulations that provide deep insights into future outcomes and opportunities we’d otherwise underestimate, or worse, completely miss. That’s valuable, especially in situations that can have large scale impact. To a business, this can turn into a clear competitive advantage for example around business model innovation. To governments, this could aid to educate the public, make them aware and conscious of situations we’d possibly deeply regret later on. That’s valuable. Just imagine what could have happened if this technology was used to reveal the impact of Brexit.
Listen to the big idea behind Lucidminds and why it has the potential to transform the way we make decisions about cases that have a long-term impact on our business or society at large.