Role of artificial intellegence in inclusive growth

Author: 
Dr. K. Sanjay Kumar and Koppolu Sashi Kiran

Artificial intelligence, which already has a significant impact on our world in many different ways, is playing a larger and larger role in our lives and economy. The US and Asia have emerged as the world's leaders in the heated struggle to enjoy its benefits. Many people believe that AI will boost productivity and the economy. By analysing a lot of data, it can greatly improve the decision-making process and boost the efficiency with which things are done. It can also lead to the development of new markets, industries, products, and services, which will increase consumer demand and open up new sources of income. While these worries are still valid, there is disagreement over whether and how much the associated hazards will come to pass. They are not a given, and thoughtful policy would be possible to promote the growth of AI while restraining the unfavourable impacts. The nation has the opportunity to advance in the global race and steer AI in the direction of its people and economy. To do this, it must first come to an agreement on a shared strategy that would play to its advantages and allow for the most efficient use of the resources of the member states. This essay focuses on the crucial role artificial intelligence has played in the age of digitalization. In this study, the literature on managing company diversity and globalisation is qualitatively evaluated. It is purely conceptual because it relies on books, journal articles, conference proceedings, and websites for secondary data. The next sections cover a variety of subjects, including the idea of diversity, its advantages and disadvantages, the idea of business diversity, and globalisation. Final thoughts on the studies under consideration are offered at the end, along with suggestions for future research possibilities.

Paper No: 
4463