Using artificial intelligence to benefit society in Asia: opportunities and challenges

Bhoomika Singhal

MPRA Paper from University Library of Munich, Germany

Abstract: There is a bright future ahead for Asia, which has the highest population density of any continent in the world. There are strong indications that the Artificial Intelligence new technologies revolution will play a major role in shaping Asia's growth and development in the future, as these new technologies sweep through societies and become an integral part of our daily lives as a consequence of the revolution that will soon sweep across all societies. There is no doubt that new technologies have the potential to help speed up progress across the region by creating mechanisms that can be used to overcome traditional obstacles, such as a lack of infrastructure and bureaucracy, which have been a hindrance in the past. Investing in new technology can also come with a number of risks that can have serious consequences for society in the long run, so it is vital that these risks are evaluated at this early stage of the development process in order to minimize the impact of those risks in the future. Our primary focus in this paper will be on the opportunities and challenges associated with the development of new technologies in Asia during the course of our discussion. Among the number of technological opportunities there are, there are a number of them that are both cross-cutting as they bridge Asia's cultural divides, mining public data, as well as specific to one specific sector that has to do with education. The following is a list of some of the challenges that are a result of the prevailing social circumstances of today, such as the diversity and socioeconomic disparities that exist in our society. In order to ensure a robust and inclusive growth in this region, we will distill out those measures and safeguards that we believe are necessary to ensure that we enter the era of new technologies in Asia.

Keywords: Artificial intelligence impact on Asia; artificial intelligence and ethics; artificial intelligence opportunities; artificial intelligence challenges; AI benefits to society (search for similar items in EconPapers)
JEL-codes: K0 O1 O4 (search for similar items in EconPapers)
Date: 2022-10-16
New Economics Papers: this item is included in nep-big and nep-sea
References: View references in EconPapers View complete reference list from CitEc
Citations:

Published in Amity University Press 2.4(2022): pp. 58-66

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/115421/1/MPRA_paper_115421.pdf original version (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:115421

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().