The UK government is promoting greater use of predictive technology across the public sector to try to prevent people and businesses from “falling into problem debt”.
The move is among numerous pro-technology measures in the Government Debt Strategy, which sets out plans and priorities over the next four years.
Often referred to as predictive analytics or predictive artificial intelligence, predictive technology uses historical data, statistical algorithms and machine learning to identify the likelihood of a future outcome.
The new strategy – whose full title is 2026-2030 Government Debt Strategy: Prevent, Resolve, Improve – will be implemented by…