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The study reveals that artificial intelligence could promote economic growth – November 13, 2018



Incentive technology-driven technologies "Artificial Intelligence" according to the CIPPEC simulation exercise in Argentina, could increase GDP by more than one percentage point per year. In the same study, it was concluded that in the next decade, the country's economic growth could reach 4.4% when several companies succeeded in raising the "fourth industrial revolution."

This bigger growth would be general, that is, it would not be limited to high technology industries. The study is titled "Artificial Intelligence and Economic Growth: Opportunities and Challenges for Argentina", developed by Microsoft CIPPEC.

"The Artificial Intelligence it's not part of a possible future, but from our present. Companies use it to reduce their costs as a solution to their systems integration to make the best use of data and customer service, explains Dingo Bekerman, CEO of Microsoft Argentina. And he explains that "local companies that start to incorporate this technology are growing". "We see it in various sectors, in agriculture, in retail and in the financial services industry," he says.

Some examples were mentioned in the study: in order to avoid the misery of several passwords, Banco Supervielle removes them directly from the mobile channel. Now, within three seconds with a home and camera smile, users access their information. Or companies such as IRSA, which manages 16 artificial intelligence malls, customize your customer consumptionwhich allows retailers to better understand the consumer's tastes and needs in order to provide them with valuable information that serves them and stands out from the rest.

The CIPPEC study examined, among other things, the possibility for Argentina, how can this technology be used to drive economic growth and how local economic problems and barriers can be overcome to use AI.

The document is based on the simulation of the alternative scenario for adoption and distribution of AI (positive, neutral and negative scenario) and its impact on economic growth and several sectors over the next ten years. In all three scenarios, the use of new technologies is positive.

"Due to the nature of the model and the quality of official data, the results of these simulations illustrate the magnitude of the economic impact of each artificial intelligence adoption and dissemination path, but not predictable The analysis looks at the expected increase in employment and capital accumulation, but does not take into account the climatic, political, social and international economic effects affecting the country's growth. "


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