Overtime Artificial Intelligence will gradually add 16% to the global economic output, in other words add about 13 Trillion dollars to the global economy. This is exponentially huge let alone a huge driving reason for why most nations are adopting AI laws and research to their nations. However, most nations have barely started to contemplate AI in the future and are therefore falling behind on the “AI Race.”
Various components influence the AI-driven efficiency of nations, such as its effectiveness on innovation and labor automation as well as other factors that contribute to the large scale impact of why nations want AI. AI is perceived as the driver of future development as well as innovation and job creation in the 21st century which is why it is so crucial to nations to adopt.
It is now the responsibility of business leaders and policy makers to take measurable actions to address AI in innervating it into the economy. Without the integration of AI into economies of nations around the world it is safe to say their economy will suffer. For AI will be an era of transforming the global economy.
https://enterprisetalk.com/featured/artificial-intelligence-era-transforming-the-global-economy/
LIS 4022 Spring 2020 