Header

 

IA will boost the annual growth of Latin American GDP by 4.3%

  • |
  • Fri, 10/26/2018 - 10:29
Inteligencia Artificial
  • EFE

The adoption of artificial intelligence (AI) is an "urgent" issue for Latin America if it does not want to remain economically behind, and because its benefits will imply an expansion of the regional gross domestic product (GDP) of 4.3 percent per year.

This was how economist Ramiro Albrieu, who presented today in Panama a study by the Argentine Center for the Implementation of Public Policies for Growth and Equity (CIPPEC) on "Inteligencia Artificial y Crecimiento Económico: Oportunidades y Desafíos para América Latin" summed it up EFE.

Albrieu said that the work, prepared this year at the request o  Microsoft transnational and based on official data from the six Latin American countries that represent 80 percent of the regional GDP, indicates that with an "accelerated" transformation to permit the use of AI, this would increase expansion by 4.3 percent.

That annual GDP growth would last a decade and can be inferred, by the weight of the economies studied (Argentina, Brazil, Colombia, Chile, Mexico and Peru) that would be similar in the rest of the region, he said.

But this requires "important decisions," he acknowledged, as if the unions and their leaders understand that if there is no reconversion in the skills and work skills, the future will be that "there will be no better paid jobs, quite the contrary."

Entrepreneurs have to accept that "we must think with a decade projection to the future," to understand that they also have to do their part to lighten the adoption of AI in production processes and this will generate benefits, because now "There is still a lot of fear" about the change that will be made.

The State must set a goal in terms of "public policies that support this transformation," seek the good experiences of Asian countries in this regard, support the companies that take up the challenge, and reformulate the education system from the training of teachers and AI training from early childhood.

At least 55.7 percent of the Latin American workforce, on average, must undergo the retraining of their skills, and States must be concerned about "creating conditions to retain young talent," specified Albrieu.

Speaking of countries, he indicated that Chile is the one in the vanguard to massively adopt AI, and in Central America he assured that Costa Rica is an example in that sense.

Panamanian Microsoft manager, Milenne Martin, said that the platform offered is "safe", based on ethical principles to generate "confidence" in users, from a microenterprise, in order to generate "new opportunities" of economic expansion.

Human beings will be able to dedicate themselves to "solve more complex problems" at work thanks to the use of AI in production processes, said Erick Sosa, Microsoft Cloud Manager for Central America, who said that in the next two years its infiltration and use will be noticed in the region.

The sectors of retail sales, health, customer service, logistics, are the ones that register the most use, he specified.

The manager of Microsoft in Costa Rica, Ineke Geesink, explained to EFE that one of the institutions that is  contributing to the expansion of the use of AI is the Inter-American Institute for Cooperation on Agriculture (IICA), with which supporting farmers to plan and increase production.

"IICA is helping farmers in different countries to harvest more and better, waste less and be more connected." They are developing a set of technological solutions based on Microsoft AI that include sensors for detecting pests, "chatbots" for communication with producers and data management for early warning systems and decision making at the public policy level," the executive summarized.

The general manager of Microsoft for Central America, Thania Segura, specified "we are seeing a widespread interest in this technology from various sectors, as a solution for the integration of their systems, for the best use of data and for customer service."

The report was presented this Thursday in Panama in the Microsoft "AI+tour". The Panamanian edition is the third, which has already passed through Mexico and Peru, and has Colombia, Argentina, Chile, Puerto Rico and Brazil as next stops.

Adopcion

EFE / Carlos Lemos

A participant exhibits at the Microsoft "AI+tour" today, Thursday, October 25, 2018, in the Panamanian capital. The adoption of artificial intelligence (AI) is an "urgent" issue for Latin America if it does not want to remain economically behind, and because its benefits will imply an expansion of the regional gross domestic product (GDP) of 4.3 percent per year.
 

Luis Miguel Blanco

EFE

 

 

Recommended for You