Future of AI & 5G IV: Driving Cleaner Economic Growth & Employment

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Future of AI & 5G IV: Driving Cleaner Economic Growth & Employment
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Imtiaz Adam
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A key theme in this article will be about the potential for AI and the other emerging technologies that 5G will enable to deliver sustainable economic development and creation of new employment opportunities with exciting new business opportunities over the course of the next decade.
Ciarán Daly in Introducing AI To A 150 Year-Old Grocery Store: Sainsbury’s Interview noted that “In the first 9 months of 2018, the UK saw 85 000 retail jobs disappear as retail spend moves online and high street rents rise.” The interview session explained how a focus on the application of Machine Learning for value drivers could impact the bottom line and even if it was a fraction of a percentage gains in efficiency could translate into millions, “Having a 0.1 percent efficiency gain in how we fulfil our products from a supply chain perspective will, in itself, mean millions in terms of the bottom line.”
ITU news reported in relation to using frontier technologies such as AI and 5G to enhance the digital transformation of Africa that “Nigeria’s smart city initiatives aim to reduce greenhouse gas emissions, improve energy efficiency, and automate the provision of government services in fields such as health, education and transportation,” however, the barrier of constant power supply is cited further emphasising the need to scale the deployment of renewable energy to enable the widespread adoption of 5G generation in the region.
Moreover, a policy initiative to generate economic growth through AI and 5G digital technology could help stimulate employment in the EU where a north / south divide exists in relation to unemployment levels with employment opportunities limited in traditional sectors there are success stories in the region with the likes of Barcelona developing a tech startup scene alongside Madrid

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