Not only is the role of artificial intelligence (AI) growing across sectors, this growth is in turn propelling economic progress massively. It is driven by easily available data, growing digitisation, capital flows, and efficiency gains from use of AI. The impact of AI is diverse and wide, and affects a range of stakeholders – the State, businesses, consumers and workforces.

For instance, accelerated economic growth promotes State interests in serving the economic well-being of citizens. Business models are built on deployment of AI, and its usage in workflows facilitates efficiency and profitability. Consumers routinely avail of unique and enhanced services facilitated by AI. Workers interact with AI on a day-to-day basis, given that AI is integrated into workflows – smoothening flow of operations.