dynamic adoption
Artificial Intelligence at NATO: dynamic adoption, responsible use
Traditionally, economists have modelled output as a function of labour and capital (production factors), and material inputs. For AI, the production factors are high-skill specialist talent and Information and Communication Technologies (ICT) infrastructure for computing and storage, and data is the key input. Is data then the new oil? While data does need to be'extracted' and then'refined' before further use, its availability grows with the volume of output. Data is also specific, not fungible.