Humanitarian Forecast-based Financing (FbF) is a relatively new approach to disaster risk management that aims to reduce the impact of disasters on vulnerable communities. FbF is a proactive approach that uses scientific data and analysis to predict potential disasters and allocate resources before they occur. This approach is gaining popularity among humanitarian organizations because it enhances preparedness and resilience, and reduces the cost of response.
The use of Artificial Intelligence (AI) in FbF is a game-changer. AI is a branch of computer science that deals with the development of intelligent machines that can perform tasks that typically require human intelligence, such as visual perception, speech recognition, decision-making, and language translation.