The Impact of AI on Industrial Productivity

Abstract

The aim of this work is to explore the impact of the extremely dynamic development of AI on the industry. Between 2015 and 2019, the number of businesses utilizing AI services grew by 270%[1]. This proves that the extension of this service system is continuously increasing and should be researched in order to optimize most industrial processes. The work focuses especially on raising the question regarding the risk of eradicating human work because of the explosive success of AI-powered systems. The main methods used in order to research this subject were the profound analysis of data and statistics regarding the effectiveness of AI compared to humans and the consequences of its implementation in different fields. The obtained results confirmed that there is still a long way until the similarity of the AI and human actions will be equaled and despite its rapidly spreading success it still remains a tool created by humans, its main task being to only simulate human behavior. DOI: https://doi.org/10.53486/sstc.v1.04; CZU: 004.8:338.45(478); JEL: E23, O31, O33