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AI-Assisted Asset Code Classification for Capital Expenditure

Accountable

Statistics Canada (StatCan)

Functional Modes

Deciding (Analytical AI)

Human decides

Purpose

Planning & Decision-making

Input Dataset

Operational data Anonymized data

Algorithm or Model

Classification & Prediction

Output Dataset

A recommendation or prediction Anonymized data

Details

This tool recommends asset codes for written descriptions of capital expenditure items submitted by survey respondents. It is used internally by Statistics Canada analysts to reduce the time spent manually coding asset descriptions. The system does not process personal information, and analysts review recommendations before finalizing classifications.