ISF2024 Panel: Demand Planning and the Role of Judgment in the World of AI/ML

Full transcript available: www.lokad.com/...
Panel background
The panel was first proposed by Robert Fildes (Professor Emeritus, Lancaster University) in response to Conor's [article critiquing FVA](/forecast-value-added/). This article was republished in the Q2 2024 edition of Foresight (produced by The International Institute of Forecasters, the same organization running the symposium). The panel was subsequently expanded to include Sven Crone, Nicolas Vandeput, and Alexey Tikhonov, in order to provide a more balanced array of perspectives from both academia and industry.
Timestamps:
00:00:00: Opening remarks by Robert Fildes
00:01:08: Conor Doherty introduces the panel and topic
00:03:11: Nicolas Vandeput's perspective
00:06:16: Sven Crone's presentation
00:10:34: Alexey Tikhonov's perspective
00:15:01: Need for automation in decision making
00:20:13: Sharing information between humans is waste of time
00:25:29: Perspective on human intervention
00:30:23: Evaluating a forecast
00:35:18: Financial perspective and decision making
00:40:14: Cost of forecasting errors
00:45:43: Automation and trust
00:50:27: Augmented AI and its applications
00:55:03: Impact of AI on human translators
01:00:16: Importance of clear vision in AI implementation
01:06:00: Closing thoughts and future of demand planners
01:11:50: Audience question: forecasting for hospitals
01:15:38: Audience question: model and human bias reduction
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