AI FOR ECONOMY
GUIDEBOOK FOR DECISION MAKERS
Paperback, 304 pages – ordering at Amazon US/NL/DE/UK/FR, links below
Executive Summary
Authors’ punchline for the book
“Do all this and you’ll be just fine with AI”
AI For Economy provides a snapshot, guidance and foresight on artificial intelligence, later AI. The accent is on AI’s impact for the economy, as estimated by scholars and consulting companies, adding the authors’ own insight.
We start with a historical view, as many AI ideas have been invented in the mechanical world. The precursor to the world-renown ChatGPT service, the brazen head which can answer every question, is a far older concept than one might think.
The great uncertainty is how AI will impact the different sectors of the economy. The deeptech industries are part of solving that mystery. Intersections of AI and semiconductor, computers, robotics, quantum computing and media are discussed. The concepts of avatars and virtual artists are introduced, with example of related storytelling from South Korea.
A number of AI dilemmas are introduced. They might have been bypassed as AI is often seen as a priority or even as an existential battle. For return on investment (ROI) from AI, a novel approach is presented which widens the concept.
Finally, three foresight scenarios, positive, neutral and dramatic, are presented. What should be avoided with AI are circumstances where the velocity of technology progress far exceeds the labour market’s ability to adjust and governments’ capabilities to provide mitigation for the adverse effects.
Meet the authors
Lidia Aviles
Lidia Esther Aviles is an IAOTP Top Global Advisor, EU Climate Ambassador, author and CEO of Aelstone. She is listed by CIO Magazine as one of the future world leaders. She has received several accolades for her efforts. “AI For Economy” is her 11th book on technology topics. LinkedIn: https://www.linkedin.com/in/lidiaaviles/
Petteri Heino
Petteri Heino “Pete” has held several sales and marketing positions in large U.S. and Nordic ICT companies such as Digital, Cisco, Hewlett-Packard, Intel, Tieto and Elisa. He acts as a volunteer toastmaster on Aelstone’s executive dinners. This is his 5th book on cloud and computing. LinkedIn: https://www.linkedin.com/in/cloudheino/
Book’s front and back covers
Alternative promotion video for opera lovers
The book’s AI ROI tool (MS Excel file)
You’ll find here the book’s AI ROI tool in Microsoft Excel format. The Excel is public domain or freeware. In case you require assistance with the spreadsheet, get in contact with the Aelstone team. The Excel contains:
- AI Use Case Ranking sheet. This is used to financially evaluate AI use cases – income minus costs minus uncertainties and risks. It should help document AI use cases all in the same way, as it guides the user to provide the financial evaluation always the same way. It provides a point score for the use case, and a school grade and a verbal judgment.
- Novel AI ROI evaluation sheet , a visual AI ROI inspection example for use cases. User gives a score to 9 characteristics of the AI use case, each with a number from 0 to 1, where value 0.5 is the passing or ‘acceptable’ score. A short guidance how to score each aspect is given. The sheet then draws a radar graph. The output should encircle the central red dot. That then means all 9 characteristics have a passing score. None of the characteristics is tied to revenue or costs.
- The second and third sheets are for support, and they present the formulas for the user. They make possible all changes, including translation to any language.
- Tip Depending on your Excel settings, Excel may change the chart on the fourth sheet inadvertially based on user’s choices. You can try Excel Options – Advanced – untick “Properties follow chart data point for all new workbooks” and “Properties follow chart data point for current workbook”. Also, it might also work to first create the assessment and then copy it to PowerPoint.
- Change log Corrected test question #6 logical error (31.1.2025/Pete).