Economic Effects of Artificial Intelligence Applications

Maxim Vlasov ()
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Maxim Vlasov: Institute of Economics of the Ural Branch of the Russian Academy of Sciences

A chapter in Digital Transformation in Industry, 2021, pp 157-164 from Springer

Abstract: Abstract The paper aims to systematize economic effects of using artificial intelligence. The study deals with various approaches to defining the concept of artificial intelligence and identifies their major advantages and disadvantages. Having performed an in-depth analysis, the author gives a broader interpretation of the concept of artificial intelligence. The research results allow framing the concept of artificial intelligence economics, which gives a new avenue for research into the impact of artificial intelligence on the economy. The research focuses on the economic effects of artificial intelligence, discusses the prospects for the use of artificial intelligence and its impact on the global economy, and identifies the negative factors that governments and business leaders should minimize. The theoretical analysis of literature shows that the problem is gaining in popularity. At the same time, there is lack of attention to a number of methodological issues related to the modification of artificial intelligence models that require further research.

Keywords: Artificial intelligence; Economic effect; Economics; Models of artificial intelligence (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:lnichp:978-3-030-73261-5_15

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DOI: 10.1007/978-3-030-73261-5_15

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