Predicting Where: the intersection of AI and location intelligence

In the recent book, "Prediction Machines", authors Agrawal, Gans and Goldfarb lay out a compelling and insightful proposition. They argue that the explosion of artificial intelligence in business is due to simple economics. How? Artificial intelligence lowers the cost of prediction. Prediction is about making bets on the future. By using artificial intelligence to address problems of prediction, businesses can make "better, faster and cheaper decisions".