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ABSTRACT. Following recent research on the impact of automation on employment, we have identified and provided empirical evidence on the relationship between cognitive technologies, knowledge production, and economic growth. Using and replicating data from Deloitte, Ericsson ConsumerLab, HBR.org, Statista, and Tractica, we performed analyses and made estimates regarding forecasted cumulative global artificial intelligence (AI) revenue (2016–2025), by use case, percentage of executives who mention numerous benefits of AI, business organizations’ reasons for adopting AI worldwide, and percentage who think AI help would be good in certain areas.
JEL codes: E24; J21; J54; J64

Keywords: cognitive technology; knowledge production; economic growth

How to cite: Udell, Mitchell, Vojtech Stehel, Tomas Kliestik, Jana Kliestikova, and Pavol Durana (2019). “Towards a Smart Automated Society: Cognitive Technologies, Knowledge Production, and Economic Growth,” Economics, Management, and Financial Markets 14(1): 44–49.

Received 2 October 2018 • Received in revised form 3 January 2019
Accepted 4 January 2019 • Available online 25 January 2019

doi:10.22381/EMFM14120195

MITCHELL UDELL
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Ethics and Law Center at AAER, Madrid, Spain
(corresponding author)
VOJTECH STEHEL
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The School of Expertness and Valuation,
The Institute of Technology and Business
in Ceske Budejovice, Czech Republic
TOMAS KLIESTIK
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Faculty of Operation and Economics
of Transport and Communications,
Department of Economics,
University of Zilina, Slovak Republic
JANA KLIESTIKOVA
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Faculty of Operation and Economics
of Transport and Communications,
Department of Economics,
University of Zilina, Slovak Republic
PAVOL DURANA
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Faculty of Operation and Economics
of Transport and Communications,
Department of Economics,
University of Zilina, Slovak Republic

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