Back to Search Start Over

The Efficiency of Intelligent Economic Systems in Ensuring Sustainable Economic Growth

Authors :
Goi Vasyl V.
Source :
Bìznes Inform, Vol 3, Iss 554, Pp 160-167 (2024)
Publication Year :
2024
Publisher :
Research Centre of Industrial Problems of Development of NAS of Ukraine, 2024.

Abstract

This research paper explores the transformative potential of intelligent economic systems in the context of sustainable economic growth. This potential determines the impact of integrating artificial intelligence, data analytics, and automation into economic processes on key dimensions, including economic growth, resource efficiency, and environmental sustainability. Through a multidimensional approach, this research employs quantitative analyses, qualitative insights from stakeholder interviews and expert surveys, and cross-regional comparisons to provide a comprehensive perspective on the subject. The findings reveal a compelling positive relationship between the adoption of intelligent economic systems and economic expansion. Regions that have embraced these systems consistently outperform their non-adopting counterparts, demonstrating higher economic growth rates, enhanced resource efficiency, and improved environmental sustainability. Innovation emerges as a central driver of growth, while challenges related to workforce adaptation and data administration require careful consideration. This research paper not only underscores the significance of intelligent economic systems in shaping a more sustainable and prosperous future but also offers practical recommendations for policymakers, businesses, and individuals. It calls for a collaborative global effort to harness the transformative power of intelligent economic systems, highlighting the potential to create a harmonious balance between innovation, intelligence, and sustainability in the pursuit of economic prosperity. The research carries significant practical value for a wide range of stakeholders, including policymakers, business leaders, investors, and the broader community. By empirically examining how intelligent economic systems, characterized by the integration of technologies like artificial intelligence, big data analytics, and automation, impact economic growth, resource efficiency, and sustainability, the research offers actionable insights and recommendations that can guide decision-making in both the public and private sectors.

Details

Language :
English, Russian, Ukrainian
ISSN :
22224459 and 2311116X
Volume :
3
Issue :
554
Database :
Directory of Open Access Journals
Journal :
Bìznes Inform
Publication Type :
Academic Journal
Accession number :
edsdoj.2481a74fcc4648b1963945bd86caf7e4
Document Type :
article
Full Text :
https://doi.org/10.32983/2222-4459-2024-3-160-167