Game-changing ramifications of nanoeconomics
Nanoeconomics is a term I have coined to describe the economic theory of leveraging AI to uncover individual human and device predicted behavioral and performance propensities (insights) that are buried in the organization’s customer engagement and operational management data.From these human and device predicted behavioral and performance propensities, organizations can make precision decisions to optimize the organization’s key business and operational use cases, such as predicting which customers are likely to stop using your products or services, which patients are likely to catch a staph infection, which first-year college students are likely to flunk out, which truck drivers are likely to have a car accident, or which worker is likely to retire (Figure 5.3).
