Artificial intelligence is being deployed in many different areas. Within higher education, it is used for college admissions and financial aid decisions. Health researchers employ it to scan the scientific literature for chemical compounds that may generate new medical treatments. E-commerce sites deploy algorithms to make product recommendations for consumers based on their areas of interest.
But one of the most important growth areas lies in finance and operations. Both public and private sector organizations have large budgets to manage and it is important to operate efficiently and effectively. Accusations of budget inefficiencies or wasteful spending decrease public confidence and make it important to figure out how to manage resources in fair ways.
Using AI and machine learning to reduce government fraud (brookings.edu)
