September 3, 2020 - The world of AI is transforming the way we do things. Meet the new concept of National AI Capital.
In my Human Resources career, I was working on different Human Capital related topics, from different angles. Since it is obvious that we are globally becoming an economy that is much more dependent on human capital, then on any other form of capital, I spent some time researching it a bit deeper. Some of my thoughts will be published soon. But as a part of the Human Capital story, I also researched and wrote about different aspects of Artificial Intelligence and how it would impact individuals, organizations, societies and nations / countries.
Based on that, I coined a new concept – National AI Capital, or NAIC in short. It is related in some ways with Human Capital, and in a complex relationship that needs to be explored further.
The working definition would be:
NAIC – the country’s capacity to apply and develop, and cope with the challenges of various artificial intelligence systems, in order to increase the country’s social and economic well-being and competitiveness.
We already know that countries are differentiating based on their Human Capital Index Map – measured by the World Economic Forum and that it will make even bigger differences if some countries start lagging back even more.
It is not hard to predict that development in different AI practices and the implementation of those projects could give an exponential advantage to some countries or companies. A short overview is available in my article, Use of Artificial Intelligence: Comparison between countries. Because of that, it would be reasonable to address this issue globally, and as soon as possible, while the differences are not dramatic.
Strategies to address that problem, will give some answers to many questions. Who is now, and who will be responsible for the creation of AI capital of a country? Today, when we have 9 corporations doing an enormous job in the AI field, we need to predict or empower other stakeholders to do their part. To differentiate the AI power. Is it going to be Academia and different Universities, AI start-ups funded by more and more venture capital, Government institutions and large scale projects or all of them in some amount, will be answered differently in every country or continent.
And of course, there are different fields of AI that some country could put their focus on. Depending on their specific needs and resources, they could focus on – Healthcare, Marketing, Business Intelligence, Security, Finance, Military, Customer Experience or Education segment, which I mentioned in one of my previous articles: AI Education System: What Can We Expect and Hope for in Croatia? What Can We Expect and Hope for in Croatia?)
As for the initial measurement of NAIC, the methodology will be finished and polished in the next months, since I am working with many organizations and individuals from a few countries to finalize some details and gather data from the initial survey that you can check here!
Assumptions were that those factors could be taken into consideration for equation or profile of a single country:
- number of engineers/developers working in the field (in the country)
- number of engineers/developers dealing with related fields (in the country)
- number of AI start-ups (of that country)
- number of national AI development projects
- level of investment in AI projects (in the country)
- number of AI system implementations at the state level
- the amount of data collected and structured that can be used to develop AI
- connection of AI scene with world projects and knowledge exchange
- percentage (%) of jobs substituted by AI and automatization
- amount of scientific/research papers
- national long term AI vision and strategy
- something else ____
The final goal is to have NAIC definition similar to the OECD definition of Human capital - "knowledge, skills, competencies and characteristics of individuals that facilitate the creation of personal, social and economic well-being. But also the practical methodology that can measure NAIC and compare countries, and give them as feedback useful information to develop and align their national AI and HC strategies.
Take part in the initial National AI Capital survey here.
Aco Momcilovic
08/2020
FutureHR
For the latest travel info, bookmark our main travel info article, which is updated daily.
Read the Croatian Travel Update in your language - now available in 24 languages
