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What prevents machine learning from transforming industries?
Centre for Innovation, Entrepreneurship and Learning (CIEL) research, Halmstad University, Sweden; Ratio Institute.
Luleå University of Technology, Department of Social Sciences, Technology and Arts, Social Sciences. Ratio-Näringslivets forskningsinstitut, Stockholm, Sweden; Oxford Institute for Energy Studies.ORCID iD: 0000-0002-5952-6379
2021 (English)In: Technological Change and Industrial Transformation: Analysing Transformation and Technical Change / [ed] Vicky Long; Magnus Holmén, Taylor & Francis, 2021, p. 125-140Chapter in book (Refereed)
Abstract [en]

The industrial utilization of machine learning (ML) technology is still in its infancy. This chapter provides empirical insights on how ML has been deployed in three firms and which forces are at work in this transformation. It is clear that two complementary advancements are needed to make ML generally useful: while ML technology thrives on access to big and varied datasets, the first advance is a reduction in the laborious work of manually cleaning, sorting and labelling the data, which defines how knowledge creation, technology and organization are interrelated. The second advance is to find sensible collaborative modes of data access and sharing, which challenges the very boundaries and interdependence of firms since the value of data for training ML algorithms depends on access to others’ data.

Place, publisher, year, edition, pages
Taylor & Francis, 2021. p. 125-140
National Category
Economics
Research subject
Economics
Identifiers
URN: urn:nbn:se:ltu:diva-86790DOI: 10.4324/9780429423550-7Scopus ID: 2-s2.0-85114653561OAI: oai:DiVA.org:ltu-86790DiVA, id: diva2:1586821
Note

ISBN för värdpublikation: 978-1-138-39002-7; 978-1-138-39003-4; 978-0-429-42355-0 

Available from: 2021-08-23 Created: 2021-08-23 Last updated: 2021-09-23Bibliographically approved

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Grafström, Jonas

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