Research shows the value of AI
Friday 13 Sep 2019
The study called Towards Our Intelligent Future positions AI as a fundamental tool to tackle issues highlighted by the Treasury’s new Living Standards Framework for Wellbeing, launched in December 2018, and also the United Nations 17 Sustainable Development Goals.
It reveals how New Zealand can benefit from AI supporting wellbeing and sustainability, along with the multi-billion-dollar boost to the economy it could provide by 2030. By then, models from McKinsey and PwC show global GDP could be 14 percent higher with AI, and New Zealand could gain between 5.6 and 10.4 percent of total GDP, compared to a scenario without AI.
It also shows New Zealand is performing reasonably well in the international AI discussion, but highlights an urgent need to invest more and secure a supply of home-grown talent.
Ben Reid, Executive Director of the AI Forum, says “this research will inspire New Zealand to benefit fully from the age of AI – we want to encourage greater investment, both public and private, convince organisations and individuals to invest more time and energy, foster more research and development, open up more data and motivate creativity and innovation to bring about a new AI-enabled vision for New Zealand”.
“As a general-purpose technology, it means we won’t be able to live without it, just like electricity or the Internet – artificial intelligence is going to be just as important. The study provides a better general explanation of AI, local AI case studies of AI in action, analysis of what’s needed to boost its acceptance and adoption, and the first examination of Māori attitudes, perceptions of and engagement in AI”.
Source: AI Forum
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