--- title: "ECB's Nagel: AI offers tools to process vast datasets and can improve predictive accuracy" type: "News" locale: "en" url: "https://longbridge.com/en/news/269071112.md" description: "ECB's Nagel highlights AI's potential to process vast datasets, improving predictive accuracy and aiding central banks in identifying economic issues faster. AI can detect inflationary pressures and labor-market shifts, enhancing policymaking. Despite fears of AI replacing humans, Nagel views it as a tool to boost productivity, similar to past technological advancements that created new jobs." datetime: "2025-12-09T10:35:02.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/269071112.md) - [en](https://longbridge.com/en/news/269071112.md) - [zh-HK](https://longbridge.com/zh-HK/news/269071112.md) --- > Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/269071112.md) | [繁體中文](https://longbridge.com/zh-HK/news/269071112.md) # ECB's Nagel: AI offers tools to process vast datasets and can improve predictive accuracy - AI offers tools to process vast datasets. - These can help, among other things, detect previously unseen patterns and improve predictive accuracy - Machine learning could identify inflationary pressures, labor-market shifts or structural breaks in the economy faster - The technology would not substitute for human expertise - For more here Nagel didn't touch on monetary policy, but he highlighted how AI could help central banks identify problems in the economy faster and therefore improve policymaking. Much like technology helped improving inventory management for companies and smooth the inventory cycles. There's lots of fear-mongering going on about AI replacing humans, but I've been personally seeing it just as a new tool to improve productivity. Technology has always changed our lives and the labour market, but it didn't lead to high unemployment. People were fearing machines taking their jobs (see the Luddites) but eventually it just created new jobs. Things change and we keep on adapting. ### Related Stocks - [C3.ai, Inc. (AI.US)](https://longbridge.com/en/quote/AI.US.md) ## Related News & Research - [Marc Andreessen Says 'Every Large Company Is Overstaffed:' AI Layoffs Are Just An Excuse, Not Job Loss Reality](https://longbridge.com/en/news/281342808.md) - [ROI-Does the AI business model have a fatal flaw?: Joachim Klement](https://longbridge.com/en/news/281309369.md) - [TCS Rewires Enterprise Tech With AI](https://longbridge.com/en/news/280993412.md) - [Folk are getting dangerously attached to AI that always tells them they're right](https://longbridge.com/en/news/280988775.md) - [Economist: AI bubble has popped, but a rarer AI bubble grows](https://longbridge.com/en/news/281032131.md)