Sudeshna Sarkar of IIT Kharagpur says that while artificial intelligence has been around for the last seven decades, it has taken off only in the last two thanks to machine learning. That has been possible due to the enormous amounts of digital data being captured both in structured and unstructured form. “What an AI system can achieve can only be limited by imagination. It’s one of the most disruptive technologies. It can be transformational in social areas, in scientific discovery,” Sarkar, who heads the computer science & engineering department and the centre for artificial intelligence, says. That is the reason courses on AI at the IITs draw tremendous response from students, both at the undergraduate and postgraduate levels. IIT Kharagpur is now planning a course titled Artificial Intelligence for Economics, which will deal with machine learning, game theory and their application in the subject. “AI can play an important role in the science of economics, in tackling economic challenges. Some examples are data-driven forecasting and evidence-based policy making. The use of AI search and planning, Bayesian models, machine learning, text and data mining, and game theory will play key roles in economic decision making, behavioral economics and market games,” she… Read full this story
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