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Artificial intelligence and economics Al Watan newspaper

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In the past few years, artificial intelligence has turned into a large force with a heavy weight in the economy, business world and financing, and it has become a strategic tool in the hands of governments and major companies alike, and the numbers are talking about this. A report by PWC revealed the contribution of artificial intelligence in a major impact on the economy of the Middle East region of up to 320 million dollars by 2030, and it is estimated that artificial intelligence may contribute up to 15.7 trillion dollars In the global economy by 2030, which exceeds the current product of China and India together. We see this effect in our daily life in a large way, it appears especially in improving operational efficiency, as companies that use artificial intelligence algorithms in managing supply chains reduce their costs significantly, while their productivity increases, and in the financial sector, for example, artificial intelligence systems can analyze millions of transactions in seconds to discover Fraud operations, which took weeks of human work, and even in the field of human resources, artificial intelligence programs have become able to sort thousands of biographies in minutes, and to identify the most appropriate jobs for jobs with more accurate One of the banks is currently using artificial intelligence applications to evaluate risks and manage investment portfolios, and the retail sector is not far from this revolution that occurs, as stores such as Amazon uses artificial intelligence to predict customer requests before even knowing that they want to buy a specific product, and in the field of health care, artificial intelligence systems help doctors diagnose diseases quickly and more accurately, as they can analyze medical images with more accuracy than the human doctor. Also, the competition to control artificial intelligence and excel in it will be the field of the next war. According to several opinions, countries may turn into fake institutions, inspect everything they have with a press or an order issued by an artificial intelligence device. It is useful here to refer to a report by the Economist newspaper stated that in the first quarter of this year, executives discussed 44% of the companies listed on the index Standard & Poor’s 500 is the important role of artificial intelligence in the growth and profitability of their business, Jimmy Damon, from GB Morgan, stated that the bank has 450 use of artificial intelligence technology, and according to the company «Yam! Brands », which runs Kentucky and Taco Bell restaurants, artificial intelligence will become the new operating system for restaurants, while the owner of Booking.com said that artificial intelligence” will play an important role in improving travelers’ experiences. Artificial intelligence is not a passing wave, and not only an increase in efficiency and productivity, but rather a fundamental shift in the way the global economy works, and will inevitably affect the high result The global total local, and the companies that adopt this technology early will be at the forefront, while that ignore it will find themselves outside the market, and individuals also need to develop their skills to suit this new era, the future will be for those who understand that artificial intelligence is not a competitor to humans, but rather a powerful tool that can launch the potential of human creativity and double its productivity.

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