Development work is getting more technologically sophisticated by the day. The World Bank’s Information and Technology Solutions (ITS) department recently started an Artificial Intelligence (AI) Initiative. At the launch event, we explored the role of AI in development and what it might mean for the work that we do here at the Bank. In short: AI is already here, international organizations have an important role to play, and we need to invest in our skills and expertise.
AI is already being incorporated into development projects
A growing family of Artificial Intelligence techniques are being employed in development. Using machine learning for classification and prediction tasks is becoming as routine as running regressions. Our team recently launched a data science competition on poverty prediction and has been evaluating the performance of different machine learning algorithms. This includes the use of automated machine learning where the machine itself helps to select and tune models in a way a data scientist ordinarily would.