The Role of Artificial Intelligence in Supporting Development in Emerging Markets
Artificial intelligence (AI) has enormous potential to augment human intelligence and to radically alter how one access products and services, gather information, make products, and interact. In emerging markets, AI offers an opportunity to lower c...
| Main Authors: | , |
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| Format: | Brief |
| Language: | English |
| Published: |
International Finance Corporation, Washington, DC
2019
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/539371567673606214/The-Role-of-Artificial-Intelligence-in-Supporting-Development-in-Emerging-Markets http://hdl.handle.net/10986/32365 |
| Summary: | Artificial intelligence (AI) has
enormous potential to augment human intelligence and to
radically alter how one access products and services, gather
information, make products, and interact. In emerging
markets, AI offers an opportunity to lower costs and
barriers to entry for businesses and deliver innovative
business models that can leapfrog traditional solutions and
reach the underserved. With technology-based solutions
increasingly important to economic development in many
nations, the goals of ending poverty and boosting shared
prosperity may become dependent on harnessing the power of
AI. While emerging markets are already using basic AI
technologies to solve critical development challenges, much
more can be done, and private sector solutions will be
critical to scaling new business models, developing new ways
of delivering services, and increasing local markets’
competitiveness. All of these solutions require innovative
approaches to expand opportunities and mitigate risks
associated with this new technology. |
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