Artificial Intelligence: A direction for future growth

In present Digital age, Artificial intelligence has many prospects for developing countries. Artificial intelligence (AI) is the ability of a digital computer or computer-controlled robot to perform tasks associated with intellect and reasoning. According to report by Mc Kinsey 2018 Global institute, artificial intelligence has the potential to add to global output by about 16 percent or around $13 trillion by 2030. It has potential to contribute to an annual average productivity growth of about 1.2 percent by 2030. Artificial intelligence (AI) has potential to contribute towards productivity enhancement in various sectors through job and capacity creation.