7 September, 2017
Artificial Intelligence And Big Data: Good For Innovation?
Artificial intelligence is firmly embedded throughout the economy. Financial services firms use it to provide investment advice to customers, automakers are using it in vehicle autopilot systems, technology companies are using it to create virtual assistants like Alexa and Siri, and retailers are using artificial intelligence (AI) together with customers’ prior sales histories, to predict potential purchases in the future, to name but a few examples. The potential of AI to boost economic growth has been discussed in numerous forums, including by Accenture, the Council on Foreign Relations, the McKinsey Global Institute, the World Economic Forum, and President Obama’s Council of Economic Advisers, among others.