Gissel Velarde

A 4.0 Artificial Intelligence strategy in Bolivia Gissel Velarde

Bolivia may encounter a great opportunity during the fourth industrial revolution 4.0, if its government acts in a timely and sharp manner when executing a consistent artificial intelligence strategy. Artificial intelligence strategies are high priority government measures in several countries worldwide, because artificial intelligence promises excellent opportunities for economic growth due to its potential to increase labor productivity, introduce intelligent automation and create new revenue streams through innovation. Artificial intelligence is based on algorithms that learn from experience, and in recent years, they have shown significant progress simulating brain processing in a wide variety of specific tasks. Therefore, artificial intelligence is considered to be the force that will transform all industries during the emerging industrial revolution 4.0, but as far as I could investigate, there are no government measures that will accelerate its adoption in Bolivia. In this work, I identify the opportunities, strengths and challenges for Bolivia to transition towards an innovation-based economy within a decade, and propose the key elements for implementing an artificial intelligence strategy that should be a national priority.