Opinion
Three ways AI can substantially improve economic analyses
By Marlène Koffi October 26, 2020
Artificial intelligence is an innovative tool social science researchers can use to aid their work. Social scientists, especially economists, should understand the ways in which it can make the world less confusing.
The recent boom in machine learning and artificial intelligence techniques has shown their potential to revolutionize our societies, with noticeable advances in applied sciences (automation of transport, health, and interpersonal interaction), writes Marlène Koffi. Image courtesy of Gerd Altmann/Pixabay
The recent boom in machine learning (ML) and artificial intelligence (AI) techniques has shown their potential to revolutionize our societies, with noticeable advances in applied sciences (automation of transport, health, and interpersonal interaction). However, these powerful tools still have relatively low popularity in the social sciences. How can AI and ML be useful to a social science researcher, especially an economist like myself who studies innovation? Let me outline three ways in which AI can substantially improve economic analyses.
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