AI Technologies and Motives for AI Adoption by Countries and Firms: A Systematic Literature Review

Abstract

In this era of digital revolution, artificial intelligence stands to be one of the emerging technologies to revolutionize the way we live, work, or communicate. While everyone is fighting to lead in this technology, their readiness differs and adoption challenges arise in many sectors. These competitions also result in various economic impacts on countries, firms, and individuals. This paper uses a systematic literature review to analyze the existing economic impact of AI adoption and the technology used. Overall, this paper presents clear evidence that AI adoption has a large effect on an economy. Findings of this research help researchers and practitioners to identify important economic impacts of adopting AI, identify directions for future research, and set policies that need to be put in place.