Abstract
This research investigates effects of artificial intelligence and digital economy on the 4th industry revolution from the perspective of Bangladesh. Artificial intelligence affecting the labor market both positively and negatively. Because of artificial intelligence, few existing jobs have been demolished and few new jobs have been emerged as well. Digital economy in Bangladesh is now an emerging issues with the blessings of artificial intelligence. Few employment opportunities will be created in Bangladesh because of emerging digital economy. The objective of this research is to analyze these opportunities and come out with few policy recommendations to implement towards industry revolution 4. Secondary data have been used along with recent relevant literatures to achieve the above stated objective as this is an empirical research. Ideas regarding revised national plan, financial tools, emerging digital economy in Bangladesh are the prominent outcome of this research. The policy recommendations of managing the gap between digital economy and industry revolution 4 regarding artificial intelligence could be helpful to The Government of the Peoples’ Republic of Bangladesh to implement policies.
Highlights
IntroductionIn the 4.0 industrial revolution, artificial intelligence is starting to deliver on that promise of delivering actual value, which is necessary based on currently available data, processing capabilities, and algorithms
The Fourth Industrial Revolution (FIR) has become a trendy word
The major objective of this paper is to discover the Impact of Artificial Intelligence and the Digital Economy on Industry Revolution 4 in the context of Bangladesh
Summary
In the 4.0 industrial revolution, artificial intelligence is starting to deliver on that promise of delivering actual value, which is necessary based on currently available data, processing capabilities, and algorithms. The success of this modern technology in a given country is determined by the country's culture, customs, moral codes, legal, and financial condition. Both developed and underdeveloped countries will have significant hurdles in dealing with FIR technology. Because of their advanced technologies and competent people resources, rich countries may be at a lower danger than poor countries (Zhaltyrbayeva et al, 2021)
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