Study Reveals Artificial Intelligence Will Stimulate Economic Growth – 13/11/2018



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The increasing incorporation of technologies badociated with "artificial intelligence" could result in growth of Argentina's GDP greater than one percentage point per year, according to a simulation exercise prepared by CIPPEC. The same study also concluded that the country's economic growth could reach 4.4% over the next decade if more companies managed to follow the "Fourth Industrial Revolution"

. This larger growth would be general. that is, would not be limited to high technology sectors. The study is entitled "Artificial Intelligence and Economic Growth". Opportunities and Challenges for Argentina "by the Center for the Implementation of Public Policies for Growth and Equity (CIPPEC) for Microsoft.

"The Artificial Intelligence is not part of a possible future but of our present. Companies use it to reduce their costs, as a solution for integrating their systems, optimal use of data and customer service, says Diego Bekerman, general manager of Microsoft Argentina. And he explains that "local businesses that are starting to incorporate this technology are increasing." "We see it in different sectors, in agriculture, retail and financial services, among other sectors," he said. mobile channel Now, in three seconds, with a selfie and a smile on the camera, users access their information or companies such as IRSA, which manages 16 shopping centers managed by artificial intelligence, to customize the consumption of its customers which allows retailers to better understand the tastes and needs of consumers in order to provide them with valuable information that will serve and stand out from the rest.

The CIPPEC study focused on the window of opportunity for Argentina, how to use this technology to stimulate economic growth and how to overcome the challenges and challenges obstacles? s of the local economy to take advantage of artificial intelligence.

The paper is based on a simulation exercise of alternative scenarios of adoption and dissemination of AI (a positive scenario, a neutral and a negative) and its impact on the growth of the economy and several in the next ten years. In all three scenarios, the application of new technologies is positive.

"Due to the nature of the model and the quality of the official data, the results of these simulations illustrate the extent of the economic impact of each adoption channel and the spread of artificial intelligence. , but non-predictive. The badysis takes into account the expected increase in employment and capital accumulation, but omits the climatic, political, social effects and international economic conditions that affect the country's growth, "finally warned the study.

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