Technology Futures Inc, Austin, Texas, U.S.A
Forecasting AI in Forecasting
Artificial Intelligence, especially machine learning, has been applied in forecasting for many years. Recent progress has been significant and raises the question of AI’s role in the future of forecasting. This paper provides a platform for addressing that question. We take a future-oriented view, examining the drivers and constraints for the continued adoption of AI. We also discuss how further progress in AI might or might not change the balance. Finally, we discuss the question of whether AI could substantially substitute for traditional forecasting methods, and, if so, what that means for the forecasting profession.
Lawrence K. Vanston is President of Technology Futures, Inc., Austin, Texas