ARTIFICIAL INTELLIGENCE AND THE DIGITAL ECONOMY: TRENDS, FORECASTS AND PERSPECTIVES

Keywords: artificial intelligence, technological trends, digital economy, IT outsourcing, digital transformation, cyber security, ethical principles.

Abstract

The article analyzes modern trends in the application of modern technologies, which cover all areas of human life (health care, trade and finance, transport, military industry, agriculture, etc.). The meaning of the main definitions, the specifics of using artificial intelligence (solving a wide range of problems, optimizing processes, experimental learning, understanding of natural language, increasing efficiency, pattern recognition, creating complex macroeconomic forecasts) and prospects for the development of the digital economy. For example, if the National Bank decides to purchase an artificial intelligence system, it will be able to formulate accurate mathematical forecasts in combination with data from the banking sector and the State Statistics Service. Currently, artificial intelligence and machine learning are an integral part of such important operations: surveillance and various intelligence gathering methods (geospatial, signal); humanitarian help; liquidation of the consequences of natural disasters; command and control; material and technical support.

The work highlights the current trends that are gaining momentum (digital transformation, technical education, research centers, AI-based solutions), emphasizes the importance of cyber security and data privacy, proves the interdependence of the integration of artificial intelligence and economic growth, determines the directions of development of modern technologies in Ukraine, since the following successful projects have already been implemented: Grammalyr (an assistant for writing quality text), Preply (an online platform for communication between tutors and students), MacPaw (the use of AI algorithms to optimize and clean Mac computers), Giraff (offers electronic commerce personalized shopping experience), Depositphotos (a platform for photo storage, image recognition and categorization), Team International (IT consulting services to global clients, providing quality expertise that helps businesses navigate the digital landscape), Diya.City (digital ecosystem for government and business), Wincourt (Court in the palm of your hand), Verdictum PRO (specializes in commercial litigation), DeepGreen Ukraine (forestry monitoring service), Dozorro platform (identification of risky purchases). Our state is capable of becoming one of the powerful centers of digital innovation, which will ensure economic growth and improve the quality of life of Ukrainians.

Author Biographies

V. SHYMANSKA, Zhytomyr Branch Kyiv Institute of Business and Technology

PhD (Econ.), Associate Professor

I. MOSIYCHUK, Zhytomyr Branch Kyiv Institute of Business and Technology

PhD (Econ.), Associate Professor

S. MYKHALIUK, Zhytomyr Branch Kyiv Institute of Business and Technology

Student

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Published
2023-09-18
How to Cite
SHYMANSKAV., MOSIYCHUKI., & MYKHALIUKS. (2023). ARTIFICIAL INTELLIGENCE AND THE DIGITAL ECONOMY: TRENDS, FORECASTS AND PERSPECTIVES. Herald of Kyiv Institute of Business and Technology, 49(1-2), 110-122. https://doi.org/10.37203/kibit.2023.49.10