Hello,
More of my philosophy about how to boost productivity with artificial intelligence and more..
I am a white arab from Morocco, and i think i am smart since i have also invented many scalable algorithms and algorithms..
You can boost productivity with artificial intelligence by:
1- More accurate demand forecasting using AI and machine learning
2- Predictive maintenance
3- Hyper-personalized manufacturing
4- Optimizing manufacturing processes
5- Automated material procurement
Read more here about those 5 ways artificial intelligence can boost productivity:
https://www.industryweek.com/technology-and-iiot/article/22025683/5-ways-artificial-intelligence-can-boost-productivity
More of my philosophy about the Canada Government Budget Balance and more..
So i think that Canada has not balanced the budget in the past and is
not balancing the budget and it has been hit badly by
Covis-19, so you can look at the following details of Economic and
Fiscal Projections of Canada that i have just read so that to understand:
https://www.budget.gc.ca/2021/report-rapport/anx1-en.html
So i think that the best way for Canada to solve the deficit's problem
and the debt-to-GDP ratio problem is to efficiently invest in artificial intelligence that could double annual economic growth rates , but
Canada has to invest efficiently in Digital and AI(artificial
intelligence) literacy, so read the following so that to notice it:
"Compelling data reveal a discouraging truth about growth today. There
has been a marked decline in the ability of traditional levers of
production capital investment and labor to propel economic growth."
And it it says the following:
"Accenture research on the impact of AI in 12 developed economies
reveals that AI could double annual economic growth rates in 2035 by
changing the nature of work and creating a new relationship between man
and machine. The impact of AI technologies on business is projected to
increase labor productivity by up to 40 percent and enable people to
make more efficient use of their time."
Read more here so that to notice it:
https://www.accenture.com/ca-en/insight-artificial-intelligence-future-growth-canada
And McKinsey estimates that AI(Artificial intelligence) may deliver an additional economic output of around US$13 trillion by 2030, increasing
global GDP by about 1.2 % annually. This will mainly come from
substitution of labour by automation and increased innovation in
products and services.
Read more here:
https://www.europarl.europa.eu/RegData/etudes/BRIE/2019/637967/EPRS_BRI(2019)637967_EN.pdf
And more of my philosophy about Digital and AI literacy and more..
I think Canada still has a problem, since it has to invest much
more in Digital and AI literacy, so read the following article so that
to understand the great importance of Digital and AI literacy:
"Digital and AI literacy is of utmost importance to help Canadian
businesses scale and compete internationally. Investing in widespread
digital and AI literacy for the entire population will increase domestic
demand for technology and technology jobs. A technologically literate population will create more data, which fuels AI and thus the
data-driven economy as a whole. It is also necessary for workers to be
able to upskill and re-skill in order to remain productive and
competitive in an automated workforce. Canadian businesses that adopt AI technology will save from lower production costs, have increased output,
and be able to invest more. Increased revenue from this domestic demand,
as well as Canada’s global reputation for responsible AI, will help
Canadian businesses scale globally and compete on the international
level. Canada has a promising future in the data-driven economy, and
strategic choices by policymakers are necessary to ensure that Canadians
can benefit from an ethical and thriving AI ecosystem."
Read more here:
Canada's Economic Future with Artificial Intelligence
https://www.kroegerpolicyreview.com/post/canada-s-economic-future-with-artificial-intelligence
And here is my following thoughts about artificial intelligence and evolutionary algorithms in artificial intelligence:
https://groups.google.com/g/alt.culture.morocco/c/joLVchvaCf0
More of my philosophy about the Debt-to-GDP ratio and about Germany and
more...
Germany is well managing its debt-to-GDP ratio, even in the crisis of
Covid-19, since the Debt-to-GDP ratio of Germany is the best among the
G-7 countries, so i invite you to read the following article so that to
notice it:
Germany to Ramp Up Borrowing With 2021 Debt of $286 Billion
https://www.bloomberg.com/news/articles/2021-03-22/germany-to-ramp-up-borrowing-with-2021-new-debt-of-286-billion
And I invite you to read the following interesting article:
China’s debt-reduction campaign is making progress, but at a cost
Read more here:
https://www.atlanticcouncil.org/blogs/new-atlanticist/chinas-debt-reduction-campaign-is-making-progress-but-at-a-cost/
Thank you,
Amine Moulay Ramdane.
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