Policy and Artificial Intelligence Advent

Abstract

Artificial intelligence (AI) is a technology that is already impacting how users interact, invest and in general take decision in different area, from Military to Finance. AI is complex structure composed by Machine Learning algorithms and Neural Network, which combination refers to an artificial creation of human-like intelligence that can learn, reason, plan, perceive, or process natural language. So, this puts the human society into ethical and socio-economic challenges but brings serious advantages as well. When this technology has such strength it has to be applied for big data processing and exports in order to produce higher quality analysis and thus to contribute for wiser, more effective policy decisions that better target the problems. The quality of the data and its wider coverage together with its shorter time processing are prerequisites for more precise and promptitude analysis. These essentials support for covering huge number of actors/targets, for examination of their behavior, for relative grouping, etc. Observing the micro-economic behavior of the separate actors and their matching or not with the macroeconomic policy, Bank of England could reset its policy objectives so, to drive better the UK economy.