Submitted By: Submitted To:: Name: Abodh Kumar SID: 75014 Sub: AML
Submitted By: Submitted To:: Name: Abodh Kumar SID: 75014 Sub: AML
SID: 75014
Sub: AML
Resource Allocation:
Administrative support is needed to speed up task completion
Inquiry response times are long due to insufficient support
Large Datasets:
Dataset is too large for employees to work with efficiently
Internal and external datasets can be combined to enhance outputs and
insights
Data is highly structured with years of history
Experts Shortage:
Basic questions can be answered, freeing up time for experts
Niche issues can be learned to support experts in research
Predictable Scenario:
Situation is predictable based on historical data
Prediction will help with time-sensitive responses
Procedural:
Task is repetitive in nature
Inputs/outputs have binary answer
Diverse Data:
Data includes visual/spatial and auditory/linguistic information
Qualitative and quantitative data needs to be summarized regularly
Despite these initial benefits, the adoption of chatbots in the public sector
delineates a new research domain posing a series of challenges regarding the
exploitation of AI capabilities and their contribution in public services delivery.
For instance, a well-known challenge in developing AI applications concerns
the extraction and representation of the expertise needed to develop their
knowledge base. This challenge gets higher in the public sector, where both
governmental experts' knowledge and a multitude of data (legislative,
operational) have to be codified into a format that can be machine-exploitable.
Data quality has also to be ensured through efficient management, structuring
and aggregation of diverse data. Schoemaker and Tetlock (2017) suggest a
hybrid approach, combining both humans and computers to reach the so-
called ‘superior judgements’, as a means to address the lack of broader and
contextual intelligence of humans in AI solutions. In addition, it should be
noted that a number of ethical and social barriers impede the adoption of AI
technologies in the public sector, mainly rooted in the opposition on the
replacement of employees by machines and the lack of citizens' trust on
machine intelligence (Capgemini, 2017; Centre for Public Impact, 2017).
Public agencies are developing their own chatbots to transform their service
delivery. First, agencies are reducing employees’ workload and response times
by delegating mundane and routine tasks to chatbots, saving human labor for
more technical and nuanced tasks. For instance, North Carolina’s Innovation
Center (iCenter) is piloting chatbots to free up internal IT help desk personnel
from answering mundane queries (e.g. password resetting). The iCenter found
that 80 to 90 percent of queries submitted to the IT help desk involve
recovering account information such as passwords and user IDs. By leveraging
AI to help with the routine requests, IT personnel can focus on complex issues
that require human assistance.
Due to the tremendous population growth in the country, the use of vehicles
and other transportation means have increased which has led to traffic
congestion and road accidents. Hence, there is a demand for intelligent
transportation systems in the country that can provide safe and reliable
transportation while maintaining environmental conditions such as pollution,
CO2 emission, and energy consumption. This paper focuses on providing an
overview and applications of how Artificial intelligence (AI) and Machine
Learning (ML) can be applied to develop an Intelligent Transportation system
that can address the issues of traffic congestion and road safety to prevent
accidents. We will then re-view various ML approaches to detect road
anomalies for avoiding obstacles, predict re-al-time traffic flow to achieve
smart and efficient transportation, detect and pre-vent road accidents to
ensure safety, using smart city lights to save energy and smart infrastructure to
achieve efficient transportation. Next, we review various AI approaches such as
safety and emergency management system to provide safety to the public,
autonomous vehicles to provide economical and reliable transportation. We
then propose smart parking management and how it can be used to find
parking spaces or spots conveniently, incident detection which detects the
traffic incidents or accidents real-time provides a report. Finally, we conclude
with predictive models and how the algorithms utilize sensor data to develop
an Intelligent Transportation System
Q5. What is Demand forecasting? And also explain its methods and
Predictor variables in demand forecasting.
Ans:- It is a technique for estimation of probable demand for a product or
services in the future. It is based on the analysis of past demand for that
product or service in the present market condition. Demand forecasting should
be done on a scientific basis and facts and events related to forecasting should
be considered.
Therefore, in simple words, we can say that after gathering information about
various aspect of the market and demand based on the past, an attempt may
be made to estimate future demand. This concept is called forecasting of
demand.
For example, suppose we sold 200, 250, 300 units of product X in the month of
January, February, and March respectively. Now we can say that there will be a
demand for 250 units approx. of product X in the month of April, if the market
condition remains the same.
Hence, it can be said that under this method the burden of demand forecasting
is on the buyer. However, the judgments of the buyers are not completely
reliable and so the seller should take decisions in the light of his judgment also.
The customer may misjudge their demands and may also change their
decisions in the future which in turn may mislead the survey. This method is
suitable when goods are supplied in bulk to industries but not in the case of
household customers.
The principle underlying this method is that as the salesmen are closest to the
consumers they are more likely to understand the changes in their needs and
demands. They can also easily find out the reasons behind the change in their
tastes.
Therefore, a firm having good sales personnel can utilize their experience to
predict the demands. Hence, this method is also known as Salesforce opinion
or Grassroots approach method. However, this method depends on the
personal opinions of the sales personnel and is not purely scientific.
3] Barometric Method
This method is based on the past demands of the product and tries to project
the past into the future. The economic indicators are used to predict the future
trends of the business. Based on future trends, the demand for the product is
forecasted. An index of economic indicators is formed. There are three types of
economic indicators, viz. leading indicators, lagging indicators, and coincidental
indicators.