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Understanding the impact of AI on society, environment and economy | CIO

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While the concept of AI is not new, the rise of generative AI (genAI) tools like Chat GPT has put a spotlight on AI’s capabilities and attracted the attention of business leaders. According to Foundry’s CIO Tech Priorities 2023, 57% of organisations surveyed are actively researching or already piloting AI and machine learning technologies, with 15% having implemented AI and ML in their workflow. It has also been reported that spending on AI in the Middle East and Africa will reach a total of US$6.4 billion by 2026. But as organisations look to leverage AI for monetisation and business growth, it’s important to acknowledge the larger impact that can be derived through AI, especially with the deadline to the United Nations Sustainable Development Goals drawing near. Let’s examine the economic, social, and environmental impact that AI has delivered—or has the potential to—using different industries to illustrate some concrete use-cases. In transportation and logistics, AI and ML are used

While the concept of AI is not new, the rise of generative AI (genAI) tools like Chat GPT has put a spotlight on AI’s capabilities and attracted the attention of business leaders. According to Foundry’s CIO Tech Priorities 2023, 57% of organisations surveyed are actively researching or already piloting AI and machine learning technologies, with 15% having implemented AI and ML in their workflow. It has also been reported that spending on AI in the Middle East and Africa will reach a total of US$6.4 billion by 2026. But as organisations look to leverage AI for monetisation and business…

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