The role of Artificial Intelligence in the development of humane economy

Md Saad, Norma (2025) The role of Artificial Intelligence in the development of humane economy. Business Today.

PDF - Published Version Restricted to Repository staff only Download (528kB) | Request a copy

Abstract

AI has the potential to profoundly change the way businesses operate, drive innovation, and improve the lives of millions of people. Some of the key sectors that could benefit from AI include healthcare, agriculture, education, and finance. In terms of resource optimization, AI-driven technologies enable more efficient utilization of resources across various sectors, minimizing waste and maximizing output. Examples include smart energy grids that optimize electricity distribution, reducing energy losses and promoting renewable energy integration. One fascinating example of AI's potential comes from India, where AI has been used to help farmers interact with government bodies more easily. With the help of AI-powered language models, farmers can ask questions about grants and subsidies in their local dialects. The system then responds with the necessary information, and in some cases even helps them fill out the forms needed to apply. This has opened up access to crucial resources for a large portion of the population, streamlining the application process and eliminating the need for farmers to interact with government workers directly (Mohamedali, 2023).

Item Type:	Article (Newspaper)
Uncontrolled Keywords:	Artificial Intelligence, Economy, Development, Humane Economy
Subjects:	BPH Islamic Economics > BPH72 Economic development. Growth. Sustainable development. Sustainability
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button):	Centre for Islamic Economics Kulliyyah of Economics and Management Sciences
Depositing User:	Prof. Dr Norma Md Saad
Date Deposited:	06 Nov 2025 10:09
Last Modified:	07 Nov 2025 09:11
URI:	http://irep.iium.edu.my/id/eprint/124074

Actions (login required)

View Item