Discussion on the Current Application of Artificial Intelligence in the Digital Economy

Abstract

In the era of the digital economy, data, algorithms, and computing capabilities constitute vital elements that drive economic development. The three elements of artificial intelligence are -computing power, algorithm, and data. As for the difference and progress, machines imitate and enhance human physical strength, but artificial intelligence imitates and improves human intelligence. This work first mentions the status quo of how artificial intelligence boosts the digital economy. Then, it comes to several aspects of artificial intelligence’s development, prospect, and application. Eventually, this paper mentioned how to apply artificial intelligence technology to various industries to form new industries, thus promoting the development of the digital economy.In conclusion, digital technology promotes the comprehensive efficiency upgrade of various national economy departments. Its formation is that the digital economy improves the efficiency of various departments through digital technology. Efficiency upgrade means cost reduction, relative competitive advantage in the industry, adjustment and transformation of the original industrial structure and product structure, and the use of digital technology for existing products and technologies to reduce the production costs of manufacturing enterprises and achieve product upgrades. Improvements in quality, structural changes, and management efficiency have improved the core competitiveness of enterprises and achieved a comparative advantage in competition.