Brazil to Use AI to Boost Competitiveness and Productivity
Wed, April 21, 2021

Brazil to Use AI to Boost Competitiveness and Productivity

Brazil's national AI strategy aims to discuss the future of work, education, tax, research, and development / Photo Credit: Daniil Peshkov via 123RF

 

Many countries are taking artificial intelligence seriously, and this includes Brazil. The Brazilian government has acknowledged how AI can bring improvements to the country’s competitiveness and productivity. It also understands its impact on public services and quality of life, aiming to reduce social inequality in the southern hemisphere's biggest economy.

Recently, the Brazilian government announced that it is planning to create a national AI strategy that aims to discuss the future of work, education, tax, research, and development. This will also tackle ethics as the application of related technologies becomes more pervasive. A public consultation, which ends on January 31, 2020, aims to identify priority areas of focus for the development and use of the technologies as well as to gather insights around how AI can solve the country's main issues.

This shows that Brazil is slowly realizing the capabilities of the technology. A study conducted by consulting firm Ducker Frontier on behalf of Microsoft showed that the country can achieve a GDP increase of 7.1% with full adoption of AI technologies. Also, it is projected that the increase in the GDP of full AI adoption is higher than the 2.9% growth rate. The World Bank and the International Monetary Fund estimated that Brazil will reach a compound annual growth rate of up to 7% per year in the period to 2030—a four-fold increase in the country's productivity levels.

According to ZDNet, an online site that covers breaking news, analysis, and research and keeps business technology professionals in touch with the latest IT trends, issues, and events, the consultation will also discuss six vertical themes such as public safety; application in the productive sectors; government application of AI; research, development, innovation, and entrepreneurship; workforce; and qualifications for a digital future. At the same time, three common themes to all areas will be discussed: legislation, regulation, and ethical use.