Latest technologies like AI, IoT need to be used to improve quality of data: CEA

Chief Economic Advisor (CEA) has underscored the importance of harnessing cutting-edge technologies such as Artificial Intelligence (AI) and the Internet of Things (IoT) to enhance the quality of data. In a recent address, the CEA highlighted how these technologies could significantly improve the accuracy and reliability of data, which is crucial for informed decision-making in policy formulation. By integrating AI and IoT, policymakers can access real-time data insights, facilitating more responsive and effective governance. The CEA emphasized that the synergy between AI and IoT could revolutionize data collection and analysis processes. AI algorithms can sift through vast datasets to identify patterns and trends, while IoT devices can provide continuous streams of data from various sectors, including agriculture, healthcare, and urban development. This complementary relationship not only enhances data quality but also expands the scope of data-driven solutions, enabling more precise and targeted policy interventions. Moreover, the CEA pointed out that improving data quality through these technologies could lead to more transparent and accountable governance. By leveraging AI and IoT, the government can ensure that policies are based on solid evidence, reducing inefficiencies and optimizing resource allocation. As these technologies continue to evolve, their integration into data management frameworks promises to transform the landscape of public policy, ultimately benefiting society as a whole.

— Authored by Next24 Live