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Digital technologies will create both opportunities and new challenges
July 26th 2019 (7.47mins)
Atsi Sheth, Elena Duggar
Atsi Sheth and Elena Duggar of the Credit Strategy & Research team discuss how rapid adoption of artificial intelligence and digitization could remake businesses and economies to an even greater degree than have previous transformational technologies. These changes could dramatically alter industry dynamics for many companies, as well as create challenges for governments in managing labor transitions, potential income inequality effects, regulatory regimes and cyber risk.​​
Digital technologies can boost productivity and reshape labor markets, industries and credit
​​Advancing technologies have the potential to spur exponential growth in global economic well-being and prosperity, similar to the changes that the steam engine and electricity brought about. But productivity gains may take time to materialize, and growth of the digital economy will bring its own set of challenges.​