AI-powered government finances: making the most of data and machines

Governments are paying growing attention to the potential of artificial intelligence – the simulation of human intelligence processes by machines – to enhance what they do. To explore how public authorities are approaching the use of AI for tasks related to public finances, Global Government Fintech – the sister title of Global Government Forum – convened an international panel on 4 October 2022 for a webinar titled'How can AI help public authorities save money and deliver better outcomes?'. The discussion, organised in partnership with SAS and Intel, highlighted how AI is already helping departments to deliver results. But also that AI remains very much an emerging and, to many, rather nebulous field with many hurdles to clear before widespread use. "Discussions of artificial intelligence often bring up connotations of an Orwellian nature, dystopian futures, Frankenstein…" said Peter Kerstens, advisor, technological innovation & cyber security at the European Commission's Financial Services Department.