Artificial Intelligence as a New Factor of Global Economic Growth

• Main Author: Vasile MAZILESCU
• Format: Article
• Language: English
• Published: Dunarea de Jos University of Galati 2018-12-01
• Series: Annals of Dunarea de Jos University. Fascicle I : Economics and Applied Informatics
• Online Access: http://www.eia.feaa.ugal.ro/images/eia/2018_3/Mazilescu.pdf

The main purpose of this paper is to outline that Artificial Intelligence (AI) will have a huge impact on the global economy, and global GDP could increase as a result of its implementation, making AI the biggest trading opportunity in the ever-changing economy. Intelligence is the extraordinary ability of a system to reason, calculate, perceive relationships and analogies, classify, generalize, learn from experience, store and retrieve information from memory, adapt new situations, solve planning problems, comprehend complex ideas, use natural language fluently. Software that uses intelligence will most contribute to the growth of AI as an industry in the coming years. When we have data from the people, processes, and things that reside on our network and analyze that data by looking at patterns semanticaly, you can better identify emerging customer needs, uncover trends, and innovate faster than competitors. The more data we can collect and analyze, the more opportunities will open more for us.