How artificial intelligence can drive South America’s growth by Armen Ovanessoff and Eduardo Plastino published by accenture (4/2017).
“The end of South America’s latest economic boom earlier this decade exposed, once again, the region’s reliance on commodity exports and an inability to address its persistent productivity deficit. Our research uncovers that the ability of capital investment to propel economic progress is declining, and labor force growth is quickly slowing. These two levers are the traditional drivers of production, yet they are not able to provide the sustainable growth and prosperity sought by economies across South America.
But long-term pessimism is unwarranted. With the recent convergence of a transformative set of technologies, economies are entering a new era in which artificial intelligence (AI) has the potential to overcome the physical limitations of capital and labor and open up new sources of value and growth…”
