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A study shows that artificial intelligence will increase economic growth – 11/13/2018



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Growth of related technologies "artificial intelligence" According to a simulation exercise prepared by CIPPEC, Argentina can increase its GDP by more than once a year. The same study concluded that the country's economic growth could reach 4.4% in the next decade if more companies are able to rise to the "fourth industrial revolution" wave.

This would be a larger growth overall, so, will not be limited to advanced technology sectors. The study was called "Artificial Intelligence and Economic Growth". Opportunities and challenges for Argentina made by the Center for the Implementation of Public Policies for Growth and Equality (CIPPEC) it.

" artificial intelligence It's not part of our future, it's part of our day. As a solution for the integration of systems, Diego Bekerman, the general manager of Microsoft Argentina, uses the data to make the most of the use and customer service. And he explains, "Local companies that are starting to combine this technology are on the rise." Or We see it among other sectors in different sectors, agriculture, retail and financial services, “he says.

The work included some examples: Banco Supervielle eliminated them directly from the mobile channel in order not to forget multiple passwords. Now, with a selfie in three seconds and a smile on the camera, users access their information. Or companies acquired by artificial intelligence such as IRSA, which manages 16 shopping centers, Customize your customers' consumptionsomething that allows retailers to get to know consumers' tastes and needs better, give them valuable information, serve them, and stand on top of others.

The CIPPEC study investigated, among other things, the window of opportunity for Argentina, How can this technology be used to support economic growth? and how the difficulties and barriers of the local economy can be exploited by the AI ​​advantage.

The document is based on the simulation of alternative scenarios for the adoption and dissemination of AI (a positive scenario, a neutral and negative one) and the impact of the economy and the growth of various sectors over the next decade. In all three scenarios, the implementation of new technologies is positive.

"Due to the nature of the model and the quality of official data, the results of these simulations explain the magnitude of the economic impact of each path of the adoption and spread of artificial intelligence, but not predictive Analysis takes into account the expected increase in employment and capital accumulation; however, it disregards the climatic, political, social and international economic impacts affecting the country's growth. "

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