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Any sufficiently advanced technology is indistinguishable from magic.~ Arthur C. Clarke There's a known tendency for businesses to view their technology implementations as magic. In other words, technology is often viewed as a black box that is understood in terms of its inputs and outputs. It is common for technology that is not understood to be described as an algorithm or another sufficiently advanced-sounding term.
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| Type | Business Risk | | Definition | Technology that is viewed as magic whereby an organization understands what it does but not how it works. | | Value | Viewing technology as a black box can be a useful abstraction that hides unneeded details behind a simple interface. If you rent a car you may not care much about the engine, just that the car gets you where you need to go. | | Risks | Basing decisions on superficial information such as sales pitches tends to lead to failed technology projects.
Lack of due diligence and control.Non-compliance to regulations.Black box technology implementations that work well under normal market conditions but have erratic or extreme responses to exceptional conditions. | | Related Concepts | AlgorithmsArtificial IntelligenceBlack Box |
Cognitive Biases
This is the complete list of articles we have written about cognitive biases.
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