Treasury: Data Processing
The question
To ask the Chancellor of the Exchequer, what steps they are taking to use (a) artificial intelligence and (b) data to help increase their Department's productivity.
Answered by James Murray
HM Treasury (HMT) is committed to improving its productivity, including through artificial intelligence (AI) and the effective use of data.
HMT is implementing a multi-year Data and AI Strategy to make sure it adopts a modern data platform, upskills its people in good data management, and implements ethical and sustainable AI use. The department has established a dedicated Data Science Hub, which provides data and AI tools and a dedicated data management function.
HMT is undertaking this in partnership with broader cross-governmental networks and private sector collaborations, to identify potential opportunities for cooperation and to address security risks associated with technological advancements.
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