Biases in Algorithms should be eliminated

01 Jul

Biases in Algorithms should be eliminated

SEO

|

RBI Updates

|

0

  • Reserve Bank of India (RBI) Governor Shaktikanta Das emphasised on the need to eliminate biases in algorithms as the use of artificial intelligence (AI) and machine learning (ML) is on the rise.
  • The Governor was delivering the inaugural address at the 18th Statistics Day Conference organized by the RBI, when he said the use of statistics had been ever growing as a preferred tool for drawing inferences in diverse fields and the discipline had moved beyond collection of facts to focus more on interpretation and drawing inferences, taking into account levels of uncertainty.
  • RBI has ventured into AI/ML analytics in multiple areas. Under the RBI’s aspirational goals for ‘RBI@100’, Mr. Das said the central bank was aiming to develop cutting edge systems for high frequency and real-time data monitoring and analysis.

No Comments

Give a comment