The economics of AI points to value of good data
The economics of AI points to value of good data - Reuters
The AI revolution has so far proved far from a one-way bet: most of the stocks in a host of AI-focused indices and funds are down this year.
The economics of AI points to value of good data - Breakingviews
Yet AI models have dubious benefits unless they are trained on reliable information. Moreover, high-value data makes them cheaper to develop.
The economics of AI points to value of good data - XM
Yet there is a flaw in this reasoning. The first two ingredients of AI – algorithms and computing – are worth nothing without the third: data.
Generating the AI Dividend: Transforming Society's Economic Value ...
AI technologies can uncover critical entity-level insights that lead to more effective decision-making and streamlined operations by optimizing ...
The Economics of Generative AI | NBER
Artificial intelligence (AI) is not a new field. The term was coined in 1956, but the field has only recently begun having significant effects on the ...
Using AI in economic development: Challenges and opportunities
Analytics models are only as good as the data they are based on, and working with unintegrated or scattered data can bog down projects and ...
The data dividend: Fueling generative AI - McKinsey
Our latest research estimates that generative AI could add the equivalent of $2.6 trillion to $4.4 trillion in annual economic benefits across ...
PwC's Global Artificial Intelligence Study: Sizing the prize
What comes through strongly from all the analysis we've carried out for this report is just how big a game changer AI is likely to be, and how much value ...
The business value of AI - IBM
AI adopters report 5-6 percentage points of direct revenue gains from their AI investments. The more mature a company's level of AI adoption, ...
AI Index Report 2024 – Artificial Intelligence Index - Stanford University
7. The data is in: AI makes workers more productive and leads to higher quality work. · 8. Scientific progress accelerates even further, thanks to AI. · 9. The ...
The Economics of Artificial Intelligence: An Agenda
From an economic point of view, what is interesting is that what was previ- ously a fixed cost to the users (the data center) has now turned into a vari- able ...
III. Artificial intelligence and the economy: implications for central ...
The rise of AI has implications for the financial system and its stability, as well as for macroeconomic outcomes via changes in aggregate ...
How generative AI could add trillions to the global economy
According to a new McKinsey report, generative AI has the potential to revolutionize many industries and add trillions of dollars in value ...
The Simple Macroeconomics of AI | MIT Economics
animals; Evaluate scholarly work; Evaluate the quality or accuracy of data; Maintain safety or security; and Train animals. These examples ...
Artificial intelligence through the lens of behavioral economics
Over the last ten years, the amount of data and processing power used to train AI systems has increased by a factor of 100 million. This vast ...
AI and the Economy: Innovation Policy and the Economy: Vol 19
Slowing economic growth over the past decade underscores the importance of AI to deliver on its potential productivity benefits. Furman (forthcoming) reports ...
The Economic Impacts and the Regulation of AI - IMF eLibrary
Part of the literature adopts a view of AI as an automation technology—a technology that replaces workers, like industrial robots. In this view, ...
AI in Business: The Economic Potential - Forcepoint
For example, McKinsey estimates that AI could result in an additional $400 billion to $660 billion, just by increasing productivity 1.2 – 2 ...
Using big data and artificial intelligence to accelerate global ...
Meanwhile, advances in data analytics transform the way in which data scientists and machines manipulate large sets of data. Artificial neural ...
AI Data Quality | Econ One Data Analytics
In the AI and ML universe, the quality of the input data directly dictates and influences the quality of the output. High-quality, consistent, ...