THE APPLICATION OF ARTIFICIAL INTELLIGENCE IN THE ECONOMIC SECTOR

Authors

  • Apsilyam N. M
  • Shamsudinova L.R.
  • Yakhshiboyev R.E.

Keywords:

rtificial intelligence, economics, digital transformation, business process automation, machine learning, market forecasting, labor automation, business efficiency, technological progress

Abstract

Artificial Intelligence (AI) has firmly entered the realm of economics, reshaping traditional approaches to business and opening new perspectives for innovation and efficiency. This article examines the contemporary impact of AI on business processes, financial solutions, and overall economic dynamics. The paper provides an overview of key trends in the field of artificial intelligence, identifying specific technologies that are pivotal in transforming the economic environment. Areas such as machine learning, neural networks, natural language processing, and automation are explored, emphasizing their roles in decision-making, data analysis, and workflow optimization. The article focuses on the influence of AI on financial instruments and solutions, including market forecasting, risk management, automated trading strategies, and personalized financial services. The advantages and challenges associated with the use of AI in the financial sector are discussed, along with the regulatory role. The impact of AI on the global economy is examined, encompassing enhancements in production processes, supply chain optimization, the creation of smart cities, and the development of innovative industries. The paper considers the efficiency and sustainability of economic systems based on AI technologies, along with their influence on labor resources and social aspects.

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Published

2024-03-24

How to Cite

Apsilyam, N. M., Shamsudinova, L., & Yakhshiboyev , R. (2024). THE APPLICATION OF ARTIFICIAL INTELLIGENCE IN THE ECONOMIC SECTOR. CENTRAL ASIAN JOURNAL OF EDUCATION AND COMPUTER SCIENCES (CAJECS), 3(1), 1–12. Retrieved from https://cajecs.com/index.php/cajecs/article/view/114

Issue

Section

Technical sciences