The Role of Artificial Intelligence in Supporting Development in Emerging Markets

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...

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Bibliographic Details
Main Authors: Strusani, Davide, Houngbonon, Georges Vivien
Format: Brief
Language:English
Published: International Finance Corporation, Washington, DC 2019
Subjects:
EMERGING MARKETS
ARTIFICIAL INTELLIGENCE
EMERGING MARKET ECONOMIES
AUTOMATION
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
id okr-10986-32365
recordtype oai_dc
spelling okr-10986-323652021-05-25T10:54:44Z The Role of Artificial Intelligence in Supporting Development in Emerging Markets Strusani, Davide Houngbonon, Georges Vivien EMERGING MARKETS ARTIFICIAL INTELLIGENCE EMERGING MARKET ECONOMIES AUTOMATION 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. 2019-09-10T21:14:39Z 2019-09-10T21:14:39Z 2019-07 Brief http://documents.worldbank.org/curated/en/539371567673606214/The-Role-of-Artificial-Intelligence-in-Supporting-Development-in-Emerging-Markets http://hdl.handle.net/10986/32365 English EMCompass,no. 69; CC BY-NC-ND 3.0 IGO http://creativecommons.org/licenses/by-nc-nd/3.0/igo International Finance Corporation International Finance Corporation, Washington, DC Publications & Research Publications & Research :: Brief
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
topic EMERGING MARKETS
ARTIFICIAL INTELLIGENCE
EMERGING MARKET ECONOMIES
AUTOMATION
spellingShingle EMERGING MARKETS
ARTIFICIAL INTELLIGENCE
EMERGING MARKET ECONOMIES
AUTOMATION
Strusani, Davide
Houngbonon, Georges Vivien
The Role of Artificial Intelligence in Supporting Development in Emerging Markets
relation EMCompass,no. 69;
description 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.
format Brief
author Strusani, Davide
Houngbonon, Georges Vivien
author_facet Strusani, Davide
Houngbonon, Georges Vivien
author_sort Strusani, Davide
title The Role of Artificial Intelligence in Supporting Development in Emerging Markets
title_short The Role of Artificial Intelligence in Supporting Development in Emerging Markets
title_full The Role of Artificial Intelligence in Supporting Development in Emerging Markets
title_fullStr The Role of Artificial Intelligence in Supporting Development in Emerging Markets
title_full_unstemmed The Role of Artificial Intelligence in Supporting Development in Emerging Markets
title_sort role of artificial intelligence in supporting development in emerging markets
publisher International Finance Corporation, Washington, DC
publishDate 2019
url http://documents.worldbank.org/curated/en/539371567673606214/The-Role-of-Artificial-Intelligence-in-Supporting-Development-in-Emerging-Markets
http://hdl.handle.net/10986/32365
_version_ 1764476397645987840

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