BOK: "Explainable AI and Economic Statistics Meeting Will Bring Major Innovation"

Joint Forum with the Statistical Society on the 15th

Yoo Sang-dae, Deputy Governor of the Bank of Korea, is delivering a welcome speech at the Korea Statistical Society-Bank of Korea joint forum held on the morning of the 15th at the Bank of Korea headquarters, under the theme "Expanding and Applying Economic Statistics in the Era of Explainable AI."

"The convergence of explainable artificial intelligence (AI) and economic statistics in the era of big data and digitalization will bring significant innovation to how we understand and navigate the increasingly complex economic reality."

On the morning of the 15th, Yoo Sang-dae, Deputy Governor of the Bank of Korea, stated this in his welcoming remarks at the Korea Statistical Society-Bank of Korea joint forum held at the Bank of Korea headquarters, under the theme "Expansion and Application of Economic Statistics in the Era of Explainable AI." He said, "In an era defined by unprecedented technological advancements and a flood of data, the use of AI is expanding across various fields."

Deputy Governor Yoo explained, "Conventional AI has the drawback of not providing clear evidence in the series of processes where it learns from big data and presents judgment results or predictions based on input values. Explainable AI is a technology that can complement these limitations of AI and has recently become a research topic attracting attention in academia."

He added, "The meeting of explainable AI and economic statistics in the big data and digital era is expected to bring great innovation to the way we understand and explore the increasingly complex economic reality. For efforts to improve the accuracy of statistics to achieve their intended outcomes, I believe support and collaboration from academia, including theoretical research and methodological development, are essential."

[Image source=Yonhap News]

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