The Academy Awards have held a prestigious place in the hearts and minds of all movie lovers throughout its 95 years of existence, and in that time ways to predict the winners have barely changed. Predicting who will take home the coveted golden statuette is no easy feat – there are so many factors to consider, such as production quality, performances, and critical acclaim. That is until 7 years ago, when the technology behind Jade Kite’s MirAI was used for the first time to predict the Oscar winner outcomes. This week, for the 7th year running, our technology proved once again that prediction models work best when powered by AI and group intelligence.
This year 14 out of the 16 major Oscar categories were predicted correctly using 20 randomly selected “movie enthusiasts”. Together, they achieved a rate of 87.5% – higher than the majority of critically acclaimed publications and highly-regarded critics.
This is the 7th year in a row that this technology has achieved this level of accuracy, again demonstrating a level of consistency that far outweighs any other predictive platform or publication.
The accuracy of the technology behind MirAI in predicting the Oscar winners demonstrates the power of group intelligence and AI-based predictive analysis. It confirms that collective intelligence, when harnessed effectively, can provide a more accurate prediction of future events than relying solely on individual expertise or machine learning algorithms.
One of the most compelling factors for engaging with this type of AI is its versatility. While we love exploring the power of this technology to engage in popular culture and successfully predict events where others have tried and failed, such as the Kentucky Derby or presidential elections, we are more passionate about using its predictive power to give concrete answers to real-world problems for innovations, forecasters and researchers, with over 30% gain in precision over traditional methods for e.g. Fortune 500 revenue forecasts or Superbowl ad performance.
If you would like to see how the predictive power of MirAI can help solve your unsolvable problems, book a demo with Sidi today.