Potentials and risks of artificial intelligence within regulatory framework of the European Union
DOI:
https://doi.org/10.56461/rep260124.08.RKeywords:
artificial intelligence, industry 4.0, health, workforce, responsibility, risk, European UnionAbstract
The aim of the paper is to assess, based on the presented literature, what are the potentials and risks of applying Industry 4.0 technology as artificial intelligence. While implementation is possible in different parts of both the economy and other areas, a detailed description of the implementation processes will focus on health and the workforce. The current state of the European Union's regulatory framework regarding artificial intelligence will be described and some solutions will be provided for the negative impacts arising from the use of these new technologies.
With its predictive function, artificial intelligence improves the process of generating and testing hypotheses, as well as their implementation. This has made screening, diagnosis and treatment of patients much more reliable, detailed and faster. There will be significant challenges associated with replacing the workforce with automation and artificial intelligence, but significant cultural changes within organizations and the elimination of less challenging jobs will negate the substitution effect of the workforce.
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