International Council for Education, Research and Training

Artificial Intelligence and Its Impact on Economic Growth

Choudhary, Sanju 

Assistant Professor in Computer Science, F.G.M. Govt. College, Adampur (Hisar), Haryana

 

Abstract

Artificial intelligence (AI) has risen as a paramount force, fundamentally altering the contours of the contemporary economy. Its transformative potential transcends industries, promising to reshape them and serve as a catalytic agent for economic expansion. This research paper embarks on an exploration of the multifaceted dimensions of AI’s influence on economic growth. We delve into its profound contributions, dissecting the impact it has on productivity, innovation, labor markets, and the disruptive waves it sends through industries. With a keen eye on the path ahead, we navigate the challenges and opportunities that AI bestows upon policymakers, businesses, and society at large. A central theme that threads through this examination is the paramount importance of nurturing sustainable and inclusive economic development in the AI era. Through a meticulous analysis of the current landscape of AI adoption and its potential ramifications, our goal is to shed light on the trajectory that AI-driven economic growth is poised to take, offering valuable insights for shaping a future where AI’s transformative power benefits all.

 

Keywords: AI technology, Economic growth, Innovation, Policymakers, Infrastructure.

 

Impact Statement

The research on artificial Intelligence and it’s impact on economic growth, dissecting the intricate web of opportunities and obstacles that this transformative technology for presents. AI serve as a well spring of innovation in locking novel possibilities across sectors that were previously unimaginable. Policy makers need to address the digital divide to ensure that business of all size and regions have access to AI resources. AI may automate some roles, it’s also it’s transform others many jobs new require collaboration with AI system, which necessitates new skill sites. For instance, data scientists and AI ethicists are in high demand to develop and oversee AI technology AI applications in a particular life science discipline or interdisciplinary sitting.

 

About Author

Sanju Chaudhary is working as Assistant Professor of computer science in F.G.M Govt College Adampur Hisar. She has published various research papers in National and International Journals. She has attended several conferences, seminars and workshops. 

 

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