FORTEC - Using Networks and Agent-Based Modelling to Forecast the Development of Artificial Intelligence Over Time
Abstract
There have been two main attempts so far to forecast the level of development of artificial intelligence (or ‘computerisation’) over time, Frey and Osborne (2013, 2017) and Manyika et al (2017). Unfortunately, their methodology seems to be flawed. Their results depend upon expert predictions of which occupations will be automatable in 2050, but these predictions are notoriously unreliable. Therefore, we develop an alternative which does not depend upon these expert predictions. We build a dataset of all the start-ups, firms, and university research laboratories working on automating different types of tasks, and use this to build a dynamic network model of them and how they interact. How automatable each type of task is ‘emerges’ from the model. We validate it, predicting the level of development of supervised learning in 2017 using data from the year 2000, and use it to forecast of the automatability of each of these task types from 2018 to 2050. Finally, we discuss extensions for our model; how it could be used to test the impact of public policy decisions or forecast developments in other high-technology industries.