TY - GEN
T1 - Anatomy of an AI Economy
AU - Rao, Balaji
AU - Lipizzi, Carlo
AU - Mansouri, Mo
N1 - Publisher Copyright: © 2024 IEEE.
PY - 2024
Y1 - 2024
N2 - Our study explores a systems thinking view of a macroeconomic system that is increasingly affected by advancements in AI technologies. We examine the different relationships and interactions between AI technologies, economy, society, labor markets and the effects on the environment. We perform stake-holder analysis, identify shaping forces and system boundaries, and employ tools like CATWOE and Conceptigan analysis. We highlight multifaceted role AI plays in various industrial sectors and outline the critical need for policy designers to manage challenges related to compute resources, environmental impact, data privacy, and job displacement. By integrating economic principles, technological advancements, and social impacts in our study, we provide a comprehensive view of AI's influence on the economy. Our findings emphasize the importance of sustainable practices, regulatory frameworks, and inclusive policies to ensure equitable AI adoption.
AB - Our study explores a systems thinking view of a macroeconomic system that is increasingly affected by advancements in AI technologies. We examine the different relationships and interactions between AI technologies, economy, society, labor markets and the effects on the environment. We perform stake-holder analysis, identify shaping forces and system boundaries, and employ tools like CATWOE and Conceptigan analysis. We highlight multifaceted role AI plays in various industrial sectors and outline the critical need for policy designers to manage challenges related to compute resources, environmental impact, data privacy, and job displacement. By integrating economic principles, technological advancements, and social impacts in our study, we provide a comprehensive view of AI's influence on the economy. Our findings emphasize the importance of sustainable practices, regulatory frameworks, and inclusive policies to ensure equitable AI adoption.
KW - Artificial intelligence
KW - Disruptive technologies
KW - Macroeconomics
KW - Systems thinking
KW - Technology social factors
UR - https://www.scopus.com/pages/publications/85211919750
UR - https://www.scopus.com/pages/publications/85211919750#tab=citedBy
U2 - 10.1109/ISSE63315.2024.10741091
DO - 10.1109/ISSE63315.2024.10741091
M3 - Conference contribution
T3 - ISSE 2024 - 10th IEEE International Symposium on Systems Engineering, Proceedings
BT - ISSE 2024 - 10th IEEE International Symposium on Systems Engineering, Proceedings
PB - Institute of Electrical and Electronics Engineers Inc.
T2 - 10th IEEE International Symposium on Systems Engineering, ISSE 2024
Y2 - 16 October 2024 through 18 October 2024
ER -