Artificial Intelligence in Emerging Markets : Opportunities, Trends, and Emerging Business Models
Artificial intelligence (AI) - the science of making machines act in rational, intelligent ways is rapidly making inroads into business operations and society. AI is already being applied in many areas of our lives, with high penetration in financi...
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| Format: | Report |
| Language: | English |
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International Finance Corporation, Washington, DC
2021
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| Online Access: | http://documents.worldbank.org/curated/undefined/993711613713486658/Artificial-Intelligence-in-Emerging-Markets-Opportunities-Trends-and-Emerging-Business-Models http://hdl.handle.net/10986/36264 |
| Summary: | Artificial intelligence (AI) - the
science of making machines act in rational, intelligent ways
is rapidly making inroads into business operations and
society. AI is already being applied in many areas of our
lives, with high penetration in financial services followed
by e-commerce, healthcare, education, agriculture, and
manufacturing. Emerging markets can benefit significantly
from AI: Its applications are providing new ways to leapfrog
infrastructure gaps and solve pressing development
challenges in critical sectors. This report explores the
latest AI applications and trends in emerging markets and
includes several examples of how AI is expanding
opportunities and contributing to the achievement of the
Sustainable Development Goals. It also sheds light on how
investors, clients, and governments can harness its full
potential while minimizing its risks, when managed
effectively and with safeguards in place, AI can facilitate
private investment to reduce poverty and improve lives at a
pace inconceivable only a decade ago. |
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