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Artificial Intelligence Brings What Economy Benefits

Artificial Intelligence Brings What Economy Benefits

          
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About the Book

Can (AI) technology influence the economic development to developing countries? The developing regions of the world contain most of natural resources. If one day, (AI) technology has invent one kind of machine man which can assist any gas or oil workers to seek any new oil/gas natural resource locations easily. I believe that (AI) technology can help these natural resource exploitation countries will gain economic benefit more easily. So, (AI) driven technology can be used to change to create any new opportunities to address poor management or resources and improve human well being, such as Africa Latin America and India can use (AI) technology machine man to seek any oil/gas natural resource countries exploitation activities to attempt to gain much economic benefits.⦁Why will (AI) technology grow economicdevelopment? Nowadays, increases in capital and labor are no longer driving the levels of economic growth, such as (AI) technology. The ability of increase in capital investment and in labor of traditional drivers of production, have no longer to be enjoyed in most developed economies, e.g. developed country, US, UK . However, artificial intelligence has the potential to overcome the physical limitation of capital and labor to avoid missing out on this opportunity. So, policy makers and business leaders must prepare for and work toward a future with artificial intelligence. They must do with the idea that (AI) is another simply method to enhance productivity method . Rather they must see (AI) as the tool that can transform thinking about how growth is created. Economists have always thought of new technologies are as driving growth their ability to enhancing. It can replace labor and capital factor of production. So, it brings this question: What is the factor of production (AI) technology characteristics. They key factor is to see (AI) technology as a capital-labor . (AI) can replicate labor activities at much greater scale and speed, and to even perform some tasks began the capabilities of human. For example, by using virtual assistants, 1000 legal documents can be reviewed in a matter of days instead of taking three people six moths to complete. Some (AI) technology may be one kind of factor of production in the future. For another example, people will work in workplace digitalization environment. So, in the future, working environment and information management are automated. Such as Konica camera sale company will use workplace digitalization. So, (AI) technology can provide workplace digitalization in order to raise productivity efficiency. (AI) technology will be one kind of production which is replaced by workplace digitalization and it will grow any organization productivity efficiently. Then, (AI) technology will assist overall social economy growth, due to productivity is raised and products can be produced in short time to prepare to sell in consumption market. So, time will be shortened to increase GDP growth fast for the development of (AI) technology countries.


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Product Details
  • ISBN-13: 9781650742533
  • Publisher: Independently Published
  • Publisher Imprint: Independently Published
  • Height: 254 mm
  • No of Pages: 376
  • Spine Width: 25 mm
  • Width: 203 mm
  • ISBN-10: 1650742533
  • Publisher Date: 25 Dec 2019
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Weight: 1028 gr


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