Download or read book Artificial Intelligence Brings Positive Or Negative Impaction To Influence Human Job Change written by Johnny Ch Lok and published by Independently Published. This book was released on 2019-01-20 with total page 122 pages. Available in PDF, EPUB and Kindle. Book excerpt: Chapter Two Future works change: Automation, employment and productivity2.1How (AI) influences employment Human future " micro to macro" industry trends will be affected business strategy and public policy by (AI) technology. In the future (AI) technology will influence those six themes: productivity and growth, natural resources, labor markets, the evolution of global financial markets, the economic impact of technology and innovation and urbanization. However, (AI) technology will bring economic benefits of tackling gender inequality, a new global competition, Chinese innovation and digital globalization.Nowadays, advances in robotics artificial intelligence, and machine learning are in a new age of automation, as machines match or outperform human performance in a development to any countries. For example, automation of activities can enable businesses to improve performance by reducing errors and improving quality and speed, and in some cases achieving outcomes that go beyond human capabilities. For example, some research indicated automation could raise productivity growth globally by 0.8 to 1.4 % annually; more than 2,000 work activities across 800 occupations. When less than 5% of all occupations can be automated using demonstrated technologies about 60% of all occupations have at least 30% of constituent activities that could be automated. Many occupations will change that will be automated away: Activities most susceptible to automation involve physical activities, in highly structured and predictable environments, as well as the collection and processing of data. They are most prevalent in manufacturing, accommodation and food service and retail trade and include some middle-skill jobs. For example, such as natural language processing is a key factor. Beyond technical feasibility, the cost of technology competition with labor including skills and supply and demand dynamics, performance benefits including and beyond labor cost savings, and social and regulatory acceptance will be affected by (AI) automation technology. Thus, (AI) automation will impact to influence global employment in those aspects as below: Firstly, assuming that people are displaced by automation will find other employment. The anticipated shift in the activities in the labor force is of a similar order as the long-term shift away from agriculture and decreases in manufacturing share of employment. Both of manufacturing and agriculture industries which would be accompanied by the creation of new types of work not foreseen at the time.Secondly, for business, the performance benefits of automation are relatively clear. Thus, the businessmen have opportunities for their micro economies to benefits from the productivity growth potential and macro economies to benefit to encourage continued progress and innovation, investment and market incentives. At the same time, employers must innovate policies to help workers and institutions adapt to the impact on employment.

Download or read book Artificial Intelligence Brings Positive Or Negative Impaction written by Johnny Ch Lok and published by Independently Published. This book was released on 2019-01-15 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: Advances in artificial intelligence (AI) technology is for the progress in critical areas, such as health, education, energy, economy inclusion, social welfare and the environment. Whether AI can bring positive or negative impaction to influence human job nature change.Thus, it brings this question: Whether (AI) robotic workers can be instead of traditional human workers in these different new markets to bring positive or negative impaction to change human job nature change? In recent years, machines had been used to be human's tasks in the performance of certain tasks related to intelligence , such as aspects of image recognition. Experts also forecast that rapid progress in the field of specialized artificial intelligence will continue. Then, it also brings this question: Does (AI) exceed that of human performance on more and more tasks to replace human jobs? If it is truth, will some of human jobs to be disappeared? (AI) will be instead of human some simple jobs, then unemployment rate to the low skillful and low educated workers will be increased.Whether (AI) will be raised either production or performance or unemployment to bring human job market more advantages or more disadvantages? In my this book, I shall explain whether (AI) will bring benefits or disadvantages to human job market. I shall give example to let my readers to think how to support my final view point.

Download or read book Artificial Intelligence in Society written by OECD and published by OECD Publishing. This book was released on 2019-06-11 with total page 152 pages. Available in PDF, EPUB and Kindle. Book excerpt: The artificial intelligence (AI) landscape has evolved significantly from 1950 when Alan Turing first posed the question of whether machines can think. Today, AI is transforming societies and economies. It promises to generate productivity gains, improve well-being and help address global challenges, such as climate change, resource scarcity and health crises.

Download or read book Artificial Intelligence Brings Positive Or Negative Impact written by Johnny Ch LOK and published by . This book was released on 2021-04-12 with total page 121 pages. Available in PDF, EPUB and Kindle. Book excerpt: ⦁How can artificial intelligence technology influence economy?Advances in artificial intelligence (AI) technology and related fields have opened up new markets and new opportunities progress in critical areas, such as health, education, energy, economic development, social welfare and the environment pollution.(AI) automation will continue to create wealth and expand the global economy development in the future. However, when many will benefits that growth won't be costless and will be accompanied by changes in the skills, that workers need to increase productivity in the economy and structural changes in the economy. So, in the skills that workers need to succeed in the economy and structural changes. I shall indicate why aggressive policy action will be needed to help Americans who are disadvantaged by these changes , due to (AI) technology is caused. For automation industry change example, artificial intelligence (AI) capabilities will enable automation of some tasks that have long required human labor. These artificial intelligence technology introduction can increase new opportunities for individuals. The economy and society, but (AI) has also the potential to disrupt be current livelihoods of many Americans. However, (AI) leads to unemployment and increase in inequality over the long run depends not only on the (AI) technology itself, but also on the institutions and policies that are changed. Thus, it is possible that (AI) technology will raise some countries unemployment number if the employer apply (AI) technology workers to work instead of human labor in their factories, but it can also raise productivities for these employers.⦁Can (AI) influence global economy growth?Technological progress is main driver of growth of GDP per capita, allowing output to increase faster than labor and capital . However, technology can increase productivity, but also decrease the number of labor hours needed to create a unit of output. So (AI) causes unequal to labor wage decreases, even reduces the number of labor to manufacture, e.g. artificial intelligence technology of automation car manufacturing industry; clothing manufacturing industry; plane manufacturing etc. high technology of artificial intelligence manufacturing method. But (AI) should be potential environment benefit, although it raises unemployment ratio. Moreover, it can rise production , due to many skilled craft were replaced by the combination of machines and lower-skilled labor. The result of (AI) technology introduction , it causes output per hour risen when inequality declined, driving up average living standards, but the labor of some high-skill workers was no longer as valuable in the market. Otherwise, if (AI) technology is continue developed to be success. Some routine intensive occupations will be loss, which focused on predictable, e.g. easily programmable tasks, such as switchboard operators, filing clerks, travel agents, and assembly line workers would be particularly replaced by new (AI) technology. However, at the same time, (AI) technology development will bring these benefits: improvement in education ( training (AI) technology scientists) , due to (AI) manufacturing technology needs are raising to businesses and institutional changes, such as the reduction in unionization and raising in the minimum wage to the (AI) manufacturing technology skilled labor in factories.Because (AI) technology is not a single technology, but rather a collection of technologies that are applied to specific tasks, the effects of (AI) will be felt unevenly though the economy. It will bring some tasks will be most easily automated than others , and some jobs will be affected more than others, both negatively and positively.

Download or read book Artificial Intelligence Brings Positive Or Negative written by Johnny Ch Lok and published by . This book was released on 2020-12-13 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: Nowadays, (AI) related industrial applications will replace most human power in fields, including call centers, customer services and air cargo transportation. (AI) technologies also help weather forecasting based on repeated rainfall pattern ( data) recognition, through robotics ( i.e. floor cleaning, moving lawns etc.) transporting people and products with unmanned vehicles, sending space unmanned smart shuttles, developing robotic arms, predicting market values in stock exchanges by internet, making homes safer, helping elderly and disabled using robotic servants etc. Among the (AI) related technologies, there are a few that significance for the impact on society and especially on digital economy . (AI) is particularly influential in machine learning. Such as robotics, transportation, finance, health and bioinformatics, e-commerce, e-games, big online data gathering and internet-of-things. For example, machine e-learning is based in bioinformatics and robots that can learn new skills for better caregiving in healthcare. What is machine e-learning? Machines can e-learn from e-data gathering, coming up generalizations and making decisions to act in certain ways from internet.There are important applications, such as e-machine perception, electronic online natural language learning processing, online search engines, online bioinformatics, online brain -computer interface, online game playing, online robot locomotion, online advertising, online computations finances, online health monitoring, online DNA classification and decision making, online in chemistry -cheminformatics . So, online machine learning can positively impact productivity and it can enhance information and analytical system from (AI) online channel.What is robotics? Robotics is one of the most strongly influenced fields in (AI). For example, heavy manufacturing industries, robots and used and man power is replaced for effectiveness, precision, and accuracy, especially in respective or dangerous tasks, including welding, assembling, picking and placing . So, robots can acquire new skills or adapt the changing dynamic environment. Also, artificial intelligence can be applied in developing transportation. For example, automated vehicles, driver assistance systems, safety systems, collision avoidance systems and public transportation. Moreover, (AI) technology has proven to produce some of the best tools to predict stock market fluctuations from internet data gathering method. It's predictions are based on ever-evolving predictions algorithms and systems learn new models and make connections between historical data and new data to measure stock market trading more accurate from internet data gathering channel. In health field, especially in health data processing, analysis, decision making support and medical diagnosis. So, online data can show which patients will need what treatment and what alternative drugs could be used more accurate from (AI) online data gathering method. Bioinformatics is an interdisciplinary field combining statistics, (AI) online technology can help in discovering data patterns and modeling through the application of machine learning, artificial neural networks and genetic algorithms. For example, further (AI) technology development of human genome project of online data sequences. Online shopping can be facilitated by virtual assistants developed through (AI) technology and these assistants can offer the best advice. (AI) online purchase coming after every product image recommendations and personalization bring important revenue to shopping online sites, like Amazon . Smart computer graphics and games, artificial intelligence is useful in smarter computer, graphics, scene modeling, scene rendering processes in order to create, for example, effective human -robot interactions, online machine learning, online strategic games techniques etc. online computer related (AI) software.

Download or read book Artificial Intelligence Impacts Human JOb Market Change written by Johnny Ch Lok and published by Independently Published. This book was released on 2019-07-07 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: (AI) -driven automation industry will create wealth and expand economy growth to any countries, but it will be accompanied by changed in the skills that workers need to learn. One of main ways that technology increases productivity is by decreasing the number of labor hours needed to create a unit of output. It implies (AI) technology will influence low educated and low skillful labor number to be decreased ( reduction employment number).In contrast, technological change tended to work in a different direction throughout the nowadays. The advance of computer and the internet raised the relative productivity of higher skilled workers. So, routine-intensive occupations that focused on predictable tasks disappearance, such as switch board, operators, filming checkers, travel agents and assembling line workers etc. were particularly replaced by new technologies.However, today, it may be challenging to predict exactly which jobs will be most immediately affected by (AI) driven-automation. The reason is because (AI) is not a single technology, but rather a collection of technologies that are felt unevenly through theeconomy to influence job changing both negatively and positively. In positively view point, (AI) driven-automation will make many workers more productive and increase demand for certain skills. Consequently, new jobs are likely to be directly create in areas, such as the development and supervision of (AI) as well as indirectly created in a range of areas throughout the economy as higher incomes lead to expanded demand. Otherwise, in negatively view point, many traditional human needed ( demand) skillful jobs will be threatened by automation are highly concentrated among lower-paid, lower-skilled and less -educated workers. It means automation will cause pressure on demand for this group, pressure and employment, if (AI) can replace the low skilled and less educated workers' jobs. Thus, (AI) will have negative influence to impact on the labor market.(AI) capabilities will enable automation of some tasks that have long required human labor. Why can (AI) replace some simple human jobs? For example, advances in robotics are expanding machines' abilities to interact with and sharp the physical world. Combined, (AI) and robotics will give rise to smarter machines that can perform more sophisticated functions than ever before and brings moreadvantages that humans have exercised. This will permit automation of many tasks now performed by human workers and could change the shape of the labor market and human activity.

Download or read book How Robots Bring Positive Or Negative Impacts To Global Societies written by John Lok and published by . This book was released on 2023-10-11 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: I write this book aim to let readers to feel whether how artificial intelligent technology will influence future technological development to influence human life. How can artificial intelligent tools can bring positive or negative impact to influence future technological development to developing and developed countries ? The another research questions: Should robotic production of factor of technology be caused to economic development? What is future (AI) artificial intelligent products development trend and reasonable development stages? How to predict consumer behaviors to persuade who to feel (AI) products are more satisfactory to their needs? Why do consumers feel them to need to buy any (AI) products to use? Will it have other similar products to replace (AI) any products? How is the reasonable stages to achieve future (AI) development in success? What are the different development stages between developed and developing countries ? Whether (AI) robotic workers can be instead of traditional human workers in these different new markets to bring positive or negative impaction to change human job nature change? In recent years, machines had been used to be human's tasks in the performance of certain tasks related to intelligence, such as aspects of image recognition. Experts also forecast that rapid progress in the field of specialized artificial intelligence will continue. Then, it also brings this question: Does (AI) exceed that of human performance on more and more tasks to replace human jobs? If it is truth, will some of human jobs to be disappeared? (AI) will be instead of human some simple jobs, then unemployment rate to the low skillful and low educated workers will be increased. Whether (AI) will be raised either production or performance or unemployment to bring human job market more advantages or more disadvantages? In my this book, I shall explain whether (AI) will bring benefits or disadvantages to human job market.

Download or read book Artificial Intelligence Brings Positive Or Negative Impact written by Johnny Ch Lok and published by . This book was released on 2020-05-22 with total page 122 pages. Available in PDF, EPUB and Kindle. Book excerpt: ⦁How can (AI) technology impact to global economic and social and psychological changes? What will be the development of (AI) technology and predictions concerning the future evolution? The computers and robots will develop conscious, intelligent and minds into humans, enhancing psychological and behavioral abilities and allowing for direct communication with (AI) minds. (AI) technology will be impacted human life by (AI) technology information communicative and environmental influence. A " world brain" and " world mind", this psychological system will be enhanced and enriched the capacities of both individual and collective cognition by (AI) technology of service industries.(AI) technology with influence these human needs of service industries changes, such as, biological science, finance, entertainment, business, biological science, transportation, communication military etc. The personal computer evolution, the internet and the world wide web which exploded on the scene, linking business, homes, schools, social organizations which were a completely unpredicted phenomenon to influence human life. Kurzweil (1999) predicts that by 2029 year, most human communication will be with machines. According to Person, by 2100 year, there will be human machine convergence. How can (AI) technology influence environmental protection to make benefits to farming economic growth? (AI) technology can be applied to predict how to solve environmental pollution challenge to avoid to damage any crop or vegetable or rice or fruit etc. food growth. Because environmental experts can gather global environmental pollution data from an environmental database to build a perform a systematic analysis from (AI) technology. The first step is this broad analysis can include understanding, statistical and data gathering techniques to obtain the relevant data, the correlation among the variables involved, and a list of possible models. The next step is to select a set of methods and models that cover all kinds of knowledge and functionalities needed for the decision making process. Once the models are selected, they must be fully implemented by means of machine learning, data mining, statistical or numerical technique. After that, those models must be integrated to build the whole EDSS. The EDSS must be tested to check its performance, accuracy, usefulness and reliability, both from the user's and (AI) technology/computer scientist's point of view. If these is any wrong feature in any development stage, such as model's integration, models' implementation, selection of models, database, problem analysis etc. the developers must come back in the update th required components. When the evaluation phase is all right, the EDSS is ready to be applied to the environment. The great contribution of artificial intelligence to EDSS the integration of several methods complementing the classical statistical models/simulation, statistical analysis, linear models, etc. and numerical models ( control algorithms, optimization techniques etc.) .

Download or read book Learning Social Behavioral Economic Cases Edition 5 written by John Lok and published by . This book was released on 2022-07-27 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Advances in artificial intelligence (AI) technology is for the progress in critical areas, such as health, education, energy, economy inclusion, social welfare and the environment. Whether AI can bring positive or negative impaction to influence human job nature change.Thus, it brings this question: Whether (AI) robotic workers can be instead of traditional human workers in these different new markets to bring positive or negative impaction to change human job nature change? In recent years, machines had been used to be human's tasks in the performance of certain tasks related to intelligence, such as aspects of image recognition. Experts also forecast that rapid progress in the field of specialized artificial intelligence will continue. Then, it also brings this question: Does (AI) exceed that of human performance on more and more tasks to replace human jobs? If it is truth, will some of human jobs to be disappeared? (AI) will be instead of human some simple jobs, then unemployment rate to the low skillful and low educated workers will be increased. Whether (AI) will be raised either production or performance or unemployment to bring human job market more advantages or more disadvantages? In my this book, I shall explain whether (AI) will bring benefits or disadvantages to human job market. I shall give example to let my readers to think how to support my final view point.

Download or read book Artificial Intelligence Brings Positive and Negative Impacts to Our Social written by Johnny Ch Lok and published by Independently Published. This book was released on 2019-03-08 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: Chapter TwoHow robot (AI) brings positive impact on socio/economic/cultural benefits to influence our lifeOn socio/economic/cultural micro economic beneficial aspect, artificial intelligent (AI) technology or robot will be one technological tool to impact our future life. Such as saving our lives time to online shopping predictions and raising crop productivity. That is not an exaggeration. AI can already help doctors to identify cancers and other diseases, thereby prolonging human life. In the future, it could be used to predict and locate earthquakes, businesses can apply it to detect transactions fraud.On macro economic beneficial aspect, (AI) stands to benefit society as a whole, across all sectors. For example, going about their everyday lives as much as for business. That also applied to government and public administrations. It identifies some main areas where (AI) can help in health, education and judiciary systems. In public employment and security aspects, for example, (AI) technologies can sense both people and business to raise the efficiency of public services as well as user satisfaction.Also, much of what (AI) can achieve public administration promotion of e-government and digitized public service as part of building the digital single market benefits, such as: saving time and public money, providing better public services, joining them up across borders, raising efficiency and improving transparency, bringing people closed to their governments; involving them more in decision making.On cultural influential aspect, (AI) will bring human a new common culture for the innovation of public services. Artificial intelligence will redesign own lives. Our daily lives of human beings, citizens, whereas parents and children are changing before everyone's life attitude. Indeed, we can be sure that our customs will soon be reshaped consequently social changes that requires an individual and collective reflection and in some cases. (AI) technologies in the public sector is the definition of shared opinions to solve all the challenges that we will face in societies.It brings this question: Why does public administration need (AI) tool assist? Due to (AI) can assist public administration to improve services to citizen and businesses, thus giving a decisive impulse to innovation, the proper functioning of the economy and more generally to progress in daily life.For example, today artificial intelligent robots can drive our vehicles, take care of elderly or sick people, perform dangerous jobs and help us make informed decisions based on the rational management of large amount of data. Also, it can enable us to communicate in languages. We don't know, help us study and increase the cultural or entertainment experiences at our disposal. In the public administration influential aspect, it can be used profitably in the healthcare, education, and judiciary system, public employment, security and more generally in the management of relations with citizens, which can be simplified and at the same time be more effective, quick and efficient.How can be (AI) anticipated to attribute its ability to assist public administration service innovation? Such as the use of chat bots to answer citizens' questions, help them to find information, they need and cut through layers of bureaucracy or the use of robots to take care of the sick, algorithms that need the results of medical exams, those that help students improve their performance. Moreover, attention's given to monitor and manage careers, those for the surveillance of public places to the recognition of network threats, tools for the rational management of problems generated by natural disasters and many others. In order to successfully implement these technologies. It is necessary to evaluate the different challenges that must be faced to integrate (AI) in a profitable way.

Download or read book Artificial Intelligence Influences Human Job Market written by Johnny Ch LOK and published by . This book was released on 2018-04 with total page 128 pages. Available in PDF, EPUB and Kindle. Book excerpt: Part One Labor market changeChapter One (AI) -driven automation industry development1.1 (AI) - driven automation industry development how to influence work nature change (AI) -driven automation industry will create wealth and expand economy growth to any countries, but it will be accompanied by changed in the skills that workers need to learn. One of main ways that technology increases productivity is by decreasing the number of labor hours needed to create a unit of output. It implies (AI) technology will influence low educated and low skillful labor number to be decreased ( reduction employment number). In contrast, technological change tended to work in a different direction throughout the nowadays. The advance of computer and the internet raised the relative productivity of higher skilled workers. So, routine-intensive occupations that focused on predictable tasks disappearance, such as switch board, operators, filming checkers, travel agents and assembling line workers etc. were particularly replaced by new technologies. However, today, it may be challenging to predict exactly which jobs will be most immediately affected by (AI) driven-automation. The reason is because (AI) is not a single technology, but rather a collection of technologies that are felt unevenly through the economy to influence job changing both negatively and positively. In positively view point, (AI) driven-automation will make many workers more productive and increase demand for certain skills. Consequently, new jobs are likely to be directly create in areas , such as the development and supervision of (AI) as well as indirectly created in a range of areas throughout the economy as higher incomes lead to expanded demand. Otherwise, in negatively view point, many traditional human needed ( demand) skillful jobs will be threatened by automation are highly concentrated among lower-paid, lower-skilled and less -educated workers. It means automation will cause pressure on demand for this group, pressure and employment, if (AI) can replace the low skilled and less educated workers' jobs. Thus, (AI) will have negative influence to impact on the labor market.

Download or read book Robot How Influences Future written by John Lok and published by . This book was released on 2022-07-15 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book How Artificial Intelligence Brings Positive and Negative Impacts to Our Social written by Johnny Ch LOK and published by . This book was released on 2018-06-11 with total page 55 pages. Available in PDF, EPUB and Kindle. Book excerpt: IntroductionI write this book aim to research these two questions: (1)Does robot bring only positive impact to influence our societies' life, it won't bring negative impact to influence our societies' life?(2) How can we adapt to accept robot brings negative influences to our societies?In future, artificial intelligence will possible to popular to use in global societies. Instead of its positive impacts, whether it has negative impacts to influence our societies, whether how we can accept this new technology to adapt to our life, whether what our social acceptance needs to change our life attitudes to adapt this new technology invention to impact our daily life. In my this book, I shall follow economy, employment, job, culture several aspect influences to indicate whether how we need to change our life attitudes to adapt this new technology to bring the influences to our life. This book will give some opinions how human needs to change our life attitudes in order to accept this new technology invention to be applied to our global societies.

Download or read book How Robots Influence Future written by John Lok and published by . This book was released on 2022-04-05 with total page 104 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book AI 2041 written by Kai-Fu Lee and published by Crown Currency. This book was released on 2024-03-05 with total page 497 pages. Available in PDF, EPUB and Kindle. Book excerpt: How will AI change our world within twenty years? A pioneering technologist and acclaimed writer team up for a “dazzling” (The New York Times) look at the future that “brims with intriguing insights” (Financial Times). This edition includes a new foreword by Kai-Fu Lee. A BEST BOOK OF THE YEAR: The Wall Street Journal, The Washington Post, Financial Times Long before the advent of ChatGPT, Kai-Fu Lee and Chen Qiufan understood the enormous potential of artificial intelligence to transform our daily lives. But even as the world wakes up to the power of AI, many of us still fail to grasp the big picture. Chatbots and large language models are only the beginning. In this “inspired collaboration” (The Wall Street Journal), Lee and Chen join forces to imagine our world in 2041 and how it will be shaped by AI. In ten gripping, globe-spanning short stories and accompanying commentary, their book introduces readers to an array of eye-opening settings and characters grappling with the new abundance and potential harms of AI technologies like deep learning, mixed reality, robotics, artificial general intelligence, and autonomous weapons.

Download or read book Robots Bring Positive Or Negative Changes To Human Societies written by John Lok and published by . This book was released on 2022-10-05 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book concerns to be given my opinions to explain how artificial intelligent technology will impact our life and will influence economic development in the future as well as how to influence human job market change. Robots may bring what positive or negative influences to human societies. In labor market part, I shall indicate how artificial intelligence technology influences future macro global economy change. Advances in artificial intelligence (AI) technology is for the progress in critical areas, such as health, education, energy, economy inclusion, social welfare and the environment. Thus, it brings this question: Which (AI) workers be instead of traditional human workers in these different new markets? In recent years, machines had been used to be human's tasks in the performance of certain tasks related to intelligence, such as aspects of image recognition. Experts also forecast that rapid progress in the field of specialized artificial intelligence will continue. Then, it also brings this question: Does (AI) exceed that of human performance on more and more tasks? If it is truth, will some of human jobs to be disappeared? (AI) will be instead of human some simple jobs, then unemployment rate to the low skillful and low educated workers will be increased.

Download or read book The Economics of Artificial Intelligence written by Ajay Agrawal and published by University of Chicago Press. This book was released on 2024-03-05 with total page 172 pages. Available in PDF, EPUB and Kindle. Book excerpt: A timely investigation of the potential economic effects, both realized and unrealized, of artificial intelligence within the United States healthcare system. In sweeping conversations about the impact of artificial intelligence on many sectors of the economy, healthcare has received relatively little attention. Yet it seems unlikely that an industry that represents nearly one-fifth of the economy could escape the efficiency and cost-driven disruptions of AI. The Economics of Artificial Intelligence: Health Care Challenges brings together contributions from health economists, physicians, philosophers, and scholars in law, public health, and machine learning to identify the primary barriers to entry of AI in the healthcare sector. Across original papers and in wide-ranging responses, the contributors analyze barriers of four types: incentives, management, data availability, and regulation. They also suggest that AI has the potential to improve outcomes and lower costs. Understanding both the benefits of and barriers to AI adoption is essential for designing policies that will affect the evolution of the healthcare system.