Predictions and forecasting

According to Sian Townson, Partner, Oliver Wyman, AI is evolving from a technology that accurately predicts existing trends and relationships in data to a technology that analyzes preferences and feelings to predict future shifts in everything from leisure spending and travel patterns to company creditworthiness.

She explains that “as AI model explainability improves, along with more reliable ways to monitor performance, robustness, and fairness,” “these more complex models have in turn become more reliable with their methods and results becoming more understandable, thus more feasible and creative applications,” and “as these more complex models have in turn become more reliable.

“By making connections between embedded characteristics, AI can identify disruptors.