The Role of Artificial Intelligence In Shaping The Future Of The Global Economy

Sulaimanova Aizhan (2023) The Role of Artificial Intelligence In Shaping The Future Of The Global Economy. Külkereskedelmi Kar.

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Absztrakt (kivonat)

<p dir="ltr" style="text-align:left;"></p><p>Artificial Intelligence (AI) is rapidly becoming a major driving force in shaping the future of the global economy. The advancements in AI have the potential to transform a wide range of industries and drive economic growth across the globe. This research paper will examine the role of AI in shaping the future of the global economy and the potential implications for businesses and society as a whole.</p> <p><br> First of all, this paper will give an overview of Artificial Intelligence. It will study the different types of AI and the implementation level of each AI form. AI is split into two main categories: AI-based on capabilities and AI-based on functionalities, which, in their turn, have other subcategories as well.</p> <p>&nbsp;<br> The emergence of AI has the potential to boost productivity and efficiency in a variety of industries significantly. Therefore, we will study AI involvement in various business sectors. For example, AI can be used to analyze large amounts of data, identify patterns, and make predictions, which can help businesses make more informed decisions and optimize their operations. In addition, AI-powered automation can help reduce labor costs and increase output, particularly in industries with repetitive or dangerous tasks. This increased productivity can lead to increased business profits, driving economic growth. In particular, several business areas will be studied, such as finance and accounting, manufacturing, and e-commerce. Hence, by observing the main examples, we can grasp the role of AI in those sectors to ensure the long-term well-being of industries. </p> <p><br> Furthermore, the adoption of AI can also have an impact on the labor market. The research paper will study the advantages of AI adoption for employees. However, the widespread adoption of AI also poses significant challenges and risks. One of the primary concerns is the potential for job displacement. As more tasks become automated, there is a risk that many workers will be displaced, particularly in industries with high levels of routine or repetitive tasks. This can lead to significant social and economic disruption, particularly if there is a mismatch between the skills of displaced workers and the skills needed for new jobs in emerging industries.</p> <p>&nbsp;</p> <p><br> To give a better understanding of AI's influence on both companies and employees, two case studies are going to be taken into consideration. Both of them are related to the latest news concerning ExxonMobil Hungary. In other words, it will prove that the theoretical data described in the research have already become the reality of the global economy. <br> <br> Eventually, the paper will explore the importance of AI regulation. Due to the drastic increase in AI use, there are a lot of potential risks that might have terrible consequences unless regulated. It will be necessary for governments and businesses to work together to develop policies and regulations that promote the responsible development and deployment of AI. This could include measures to ensure that AI systems are transparent, accountable, and unbiased and initiatives to provide retraining and support for displaced workers.<br> <br> In conclusion, AI's role in shaping the global economy's future is complex and multifaceted. While AI has the potential to drive significant economic growth and create new industries and jobs, it also poses significant challenges and risks. To maximize the benefits of AI and ensure that its deployment is responsible and equitable, it will be necessary for governments, businesses, and society to work together to develop policies and initiatives that promote its responsible development and deployment.</p> <p>&nbsp;</p><br><p></p>

Intézmény

Budapesti Gazdasági Egyetem

Kar

Külkereskedelmi Kar

Tanszék

Társadalomtudományi Módszertan Tanszék

Tudományterület/tudományág

NEM RÉSZLETEZETT

Szak

Nemzetközi gazdálkodás

Konzulens(ek)

Mű típusa:	diplomadolgozat (NEM RÉSZLETEZETT)
Kulcsszavak:	AI, automation, chatgpt, ExxonMobil, labor market
SWORD Depositor:	Archive User
Felhasználói azonosító szám (ID):	Archive User
Rekord készítés dátuma:	2023. Szep. 07. 14:33
Utolsó módosítás:	2023. Szep. 07. 14:33

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