Artificial intelligence (AI) is being deployed in many different sectors, but one of the most important growth areas lies in finance and operations. Both public and private sector organizations are using AI and other emerging technologies for financial management and fraud detection. Advanced algorithms can spot abnormalities and outliers that can be referred for human review to see if fraud actually has taken place.
On September 15, the Center for Technology Innovation at Brookings hosted a webinar on how technology can reduce government fraud. Expert panelists discussed how AI is being used to combat fraud and ways to overcome obstacles to public sector innovation, such as procurement issues, untrained workers, data limitations, a lack of technical standards, cultural barriers to digital change, and making sure anti-fraud applications adhere to responsible AI principles. Participants also discussed a new Brookings report on this topic, written by panelist Darrell West.
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