Project Syndicate reposted this
Member, House of Lords - sitting as Baroness Moyo of Knightsbridge; Investor, Board member, Author.
Out now: My latest article for Project Syndicate discusses the ‘Three (3) Considerations in this Early Phase of The AI Super Cycle’. Whilst it’s difficult to make firm forecasts on how AI will impact the economy, business and society, it’s apparent that AI will impact three key components; *Capital, labour and productivity *This AI Supercycle will likely produce more economic growth and productivity gains - though gains could prove to be imbalanced. https://lnkd.in/entYs6Mu
Tahir Inuwa
2w
A very good job. I believe that AI will drive the development and economic growth of the world, I am however thinking how the African countries will adopt this technology
Indeed, AI will impact this three aspects (capital, labour and productivity) of businesses and the economy at large. However, AI offers opportunities that businesses can leverage to outsmart competitors and increase ROI.
We are looking forward to talking about this with you soon on our The D.A.R.E. Podcast show and so much more! 🔥
Yeah, AI group of technologies were among promising emerging information technologies (EIT) that could revolutionise productivity, transparency and privacy, critical enablers, and smart world, according to Gartner report 2023.
AI will enhance the role of Data Scientists in every field of activities, mostly in an effective operational support role rather than final decision making role.
Such an insightful article! Thanks for sharing. The study done by Erik Brynjolfsson is a great showcase of how AI and humans can collaborate for a more productive output.
SN Tripathi
2w
Good to know! Whilst it’s difficult to make firm forecasts on how AI will impact the economy, business and society, it’s apparent that AI will impact three key components; *Capital, labour and productivity
Thabo S.
2w
Greetings from the Nelson Mandela Foundation. Please may I have your email address. We would like to get in touch with you. Kindly inbox Thank you in advance. Regards Thabo
Well said madam. In many African countries, there seems to be a tendency for people wanting things for the sake of ‘possession’, as an end in themselves, rather than to utilize them as a means to extract additional or greater benefits. I have met many African officials, businessmen and rural leaders who would say that once they receive investments and factories, everything else will take care of itself. But in order to run a factory, people need utilities, management, maintenance, skills and capacities, funding, etc. Securing a facility in its physical form is one thing, but operating it successfully is another thing entirely Therefore, Welcome To The Future Of Democracy In Nigeria. Africa’s First Political Rating and Review platform on “ www.thechoice9ja.com “ Where Your Voice Counts And Your Opinion Matters. Get Verified Now on our platforms @thechoice9ja #thechoice9ja #choice9ja #thechoice9jaanalytic