Study says lack of developer talent hamstrings growth of AI

digital
A lack of developer talent could hurt AI's ability to help nations with their digital transformations. (Pixabay)

While artificial intelligence is driving a paradigm shift for how nations prep for digital economies, a lack of AI talent threatens potential growth.

On Tuesday, Huawei released the results of its fifth Global Connectivity Index (GCI), which concluded that AI could almost double the value of the global digital economy to $23 trillion by 2025 compared to $12.9 trillion last year when it accounted for 17% of global gross domestic product.

RELATED: Hardware vendors will reap the rewards of AI's move to the edge

Fierce AI Week

How Fierce are you about applying AI to your business?

The editorial teams behind Fierce Life Sciences, Fierce Healthcare, Fierce Telecom and Fierce Electronics bring you Fierce AI Week, August 10-12. This is the only virtual event focused on the application of AI to drive business, customer and process value through a discuss, debate and define format. #FierceAI #BeFierce #FierceAIWeek

The good news was tempered by the finding that there's a scarcity of AI developer talent worldwide. In order to overcome this threat, the study said that governments needed to rethink AI education for workforces by building a collaborative, open AI ecosystem that would attract and retain AI talent.

In order to deploy AI on a large scale, countries need to have three components in place: computing power, labeled data and algorithms, according to the GCI study.

The report said that AI was a key enabler across verticals such as broadband, data centers, cloud, big data and the internet of things. The latest GCI study was broadened from 50 countries to 79.

Suggested Articles

Microsoft is bringing its cloud, AI and IoT expertise into a partnership with Land O'Lakes to help farming become more stable and profitable.

Vodafone Business checked the pulse of how business have handled the COVID-19 crisis, and found that "future ready businesses" will thrive.

Telia Carrier is marching forward with the expansion of its U.S. network with a new southeastern Dense Wave Division Multiplexing (DWDM) route.