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.
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.