The Theory of Innovation and Innovative Development. AI Scenarios in Russia

Elena G. Popkova, Alexander N. Alekseev, Svetlana V. Lobova and Bruno S. Sergi

Technology in Society, 2020, vol. 63, issue C

Abstract: This article explores different scenarios of implementing artificial intelligence (AI) in Russia. The relevance of the research and the range of problems addressed in it consist in the fact that Russia is not fully realizing the potential of innovative economic development. AI can accelerate the innovative development of Russia's Economy, but it entails the risks of its destabilization and therefore requires further research. This article contributes to the theory of innovation, thereby specifying the logic of the optimization of innovative development and the optimal scale in a strategy of risk management. The effectiveness of the digital modernization of Russia's Economy based on AI will be remarkably high. The index of global competitiveness achieves maximum value (7 points), increasing by 1.52 times. The innovation index of the economy grows 1.15 times. The unemployment level will rise 1.62 times, and the level of cybersecurity will decrease 6.52 times. Both advantages from the implementation of AI and risks of digital modernization of the Russian Economy are determined. The significance of the research consists in the application of the offered method for determining the optimal intervals of AI usage in Russia. The key conclusion that can be drawn from the research is the justification of the need to promote the modernization of the Russian Economy on the basis of AI with a view to accelerating its innovative development until 2024. The consequences of the research are involved with the improvement of practices of public regulation of the innovative development of the Russian Economy by promoting the dissemination of AI according to recommendations proposed by the authors.

Keywords: Artificial intelligence (AI); Technology; Cybersecurity; Economic development; Risk management; Russia (search for similar items in EconPapers)
JEL-codes: O14 O3 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:teinso:v:63:y:2020:i:c:s0160791x20302840

DOI: 10.1016/j.techsoc.2020.101390

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