Harnessing Knowledge Based Economy and Artificial Intelligence [AI] for Sustainable National Growth

Abstract

Campaigns directed at artificial intelligence, knowledge economy and national development have potentials to turn Nigerian economy into a robust economy and reclaim her rightful position as the giant of Africa. Nigeria is at cross road and calls for a credible alternative that is intellectually based rather than depending on crude oil which may not last forever. This study investigated artificial intelligence [AI], knowledge economy and national development. The study became necessary to find out how national development can be achieved using artificial intelligence and knowledge economy. The study tends to ascertain the extent to which artificial intelligence and knowledge economy can revamp Nigeria’s economy in order to reclaim her rightful position as the giant of Africa. The study was anchored on Technology Acceptance Model (TAM)/theory and Media Dependency theory. Survey design was employed with the aid of 13-table questionnaire. The data obtained from questionnaire administered were analysed and presented using simple percentage and frequency table. Sample size of 400 was derived using Taro Yamane formula through sample random and purposive sampling techniques to reflect and represent all the residents in 12 wards of OREDO Local government area of Edo State. The result showed that there is need for diversification. Therefore more effort should be put in place especially in the areas of artificial intelligence, knowledge economy and national development. It also was revealed from the findings that artificial intelligence [AI] and knowledge economy have potentials to boost economy. There is need for training and education of citizens on the use of new technologies, artificial intelligence [AI], and knowledge economy for national development. The data collected revealed that there must be adequate government funding and purchase of AI because they consider its usefulness timely and fast in solving problems. This study concluded that Continue wide range campaigns and researches on the use of new technologies and organising orientation and symposiums for the masses on regular bases should be encouraged.

Keywords: Artificial Intelligence, Knowledge Economy and National Development.