Realizing the Potential of Artificial Intelligence
Artificial intelligence (AI) can be a great transformer for both developed and developing economies. Research by McKinsey estimated that AI can boost global GDP by $13 trillion by 2030, which is about 16% cumulative growth or 1.2% additional GDP growth per year. This is realized primarily through innovation in products and services, and labor automation. Other factors such as the pace of adoption of AI, global connectedness, labor-market structure and industry structure of a country also contribute to the size of the impact. It is anticipated that this growth is not linear but may be three or more times higher by 2030 than over the next five years. In developing countries, United Nations agencies have embraced AI as an accelerator for realizing the 2030 Sustainable Development Goals (SDG).
The potential of AI cannot be realized if it cannot be adopted and deployed broadly. This can be due to a number of reasons, including perceived lack of trustworthiness of the technology, lack of infrastructure and skills to support its development and deployment, or a policy framework that restricts its deployment and innovation.
This course is intended for policy makers who are interested in learning about AI and considerations for enabling the development, adoption and deployment of AI in ways that would enable the technology to realize its full potential.