Sunday, April 30, 2023

How the development of AI can impact our economic system.

With the rise of technology over recent decades, companies and businesses have learned and adjusted with the new information and ways of growth that have been occurring around the world. The newest progression of technology, Artificial Intelligence, is the next wave of technology both in the United States and across the world that can help consumers, businesses, and corporations. AI is so important in the acceleration of the economy because it can help increase the speed at which we are making technological advancements, and are developing entrepreneurial businesses, and the value of corporations. Businesses need to be open to adjustments and advancements within their industry in order to stay up to date on the latest technological updates, in order to stay on top of the needs of the clients, their employees, and their markets. If an organization falls behind and fails to make advancements alongside other competitors within the market, then they are going to be out valued, and absorbed because they now lack efficiency and performance. These companies need to keep in mind that AI can help them reach their goals more effectively, and achieve the growth that they desire, and that it is not there to take over their jobs. This is a growing and developing industry that is going to be very important in the future economy that many businesses and organizations have already started planning for and developing in order to make their organization ass effective and efficient as possible over the coming years.

 https://www.cnbc.com/advertorial/2023/04/25/generative-ai-is-poised-to-change-everything-is-your-company-ready.html?utm_campaign=NativeTout22&utm_source=Polar&mvt=i&mvn=e30a537bfb0740b29fb43fd759cc3159&mvp=NA-CNBC-11239420&mvl=%20%5BNativeThreeUpStackv2%5D


2 comments:

Winter Vucsko said...

AI has always intrigued me and seeing how it can develop our economic system is really interesting. I have heard that AI has a heavy effect on our environment as it uses a lot of energy to maintain so I wonder how this will affect its growth and future usage? Overall informative post.

Kory Kaiser said...

AI can be very exciting for some and very scary for others. AI could be used to enhance jobs, give workers the ability to be more productive with the same amount of effort. However, in some cases AI could completely replace jobs. There has been much speculation as to how many jobs will be replaced in any. AI is still very fresh, so we will have to see how everything plays out over the next few years.