AI Set to Drive Global Digital Economy
AI Set to Drive Global Digital Economy

AI Set to Drive Global Digital Economy

AI Set to Drive Global Digital Economy

Artificial Intelligence is driving a paradigm shift in how nations prepare for the digital economy and could almost double the value of the global digital economy to $23 trillion by 2025, from $12.9 trillion in 2017 when it accounted for 17.1% of global GDP.
However, a scarcity of AI talent worldwide threatens this growth, says new research from Huawei, IT online reported.
The Global Connectivity Index 2018, now in its fifth year, found that industries are embedding AI in key enabling technologies–broadband, data centers, Cloud, big data and IoT–to turn connectivity into intelligent connectivity, unleashing innovation to propel a new wave of economic growth.
Today, the digital economy is driven by the consumer-driven internet. Increasingly, industries are leveraging intelligent connectivity to create whole new business models, products, processes and services that will breathe new life into the GCI S-curve and open a new cycle of economic growth.
The GCI 2018 also discovered that to effectively deploy AI on a large scale, countries need three equally important components in place: computing power, labeled data and algorithms. Today, Frontrunners–the most advanced of three clusters of nations in the GCI–due to their robust information and communication technology infrastructure lead the Adopters and Starters’ clusters in all three components.
But the big challenge for all three GCI clusters is scarcity of AI developer talent. Governments need to rethink education for a future workplace redefined by AI and start building a healthy, collaborative and open AI ecosystem to attract and retain competitive AI talent.
This year, the GCI broadened its research scope from 50 to 79 nations, marking the second time it has enlarged its purview since 2015.


Short URL : https://goo.gl/D6ewZC
  1. https://goo.gl/u2gkyq
  • https://goo.gl/Dd4Awf
  • https://goo.gl/isUibT
  • https://goo.gl/WdjRXs
  • https://goo.gl/sqttLq

You can also read ...

Bithumb Hacked, $32m in Cryptocurrency Stolen
Cryptocurrencies dropped after the second South Korean...
South Africa GDP Shrinks
South African gross domestic product shrank 2.2% in the first...
Washington in March imposed tariffs of 25% on steel and 10% on aluminum, in a move mainly aimed at curbing imports from China.
Russia said on Tuesday it would impose import duties on US...
Saudi Arabia, which employs about two-thirds of its citizens, is chipping away at a budget deficit that ballooned to almost 16% of GDP after the oil shock of 2014, while FDI slumped more than 80% last year.
Show up, swipe in. The routine is familiar to office workers...
Taxes in Italy Drive Economy Underground
Italy grew rapidly over the 20th century, and its black market...
European businesses say it has become harder to do  business in China over the past year.
European companies complain they still face a tough business...
Australian Telecom Co. to Axe 8,000 Jobs
Australia’s dominant telecommunications company Telstra...
South Korea to Grow 3 Percent
The Organization for Economic Cooperation and Development has...

Add new comment

Read our comment policy before posting your viewpoints