Machine learning will drop the cost of making predictions, but raise the value of human judgement.

To really understand the impact of artificial intelligence in the modern world, it’s best to think beyond the mega-research projects like those that helped Google recognize cats in photos.

According to professor Ajay Agrawal of the University of Toronto, humanity should be pondering how the ability of cutting edge A.I. techniques like deep learning —which has boosted the ability for computers to recognize patterns in enormous loads of data—could reshape the global economy.