RBI’s tapping AI, machine learning in big way for cutting edge analytics

The Reserve Bank of India Governor Shaktikanta Das on Friday said that the central bank is focusing on enhancing capacity in artificial intelligence (AI) and machine learning (ML) techniques and analysing unstructured textual data by using the cutting edge system.

“While doing so, ethical considerations need to be addressed and biases in algorithms need to be eliminated,” Das said while delivering a speech on the occasion of the 18th Statistics Day at the Mint Road.