However, its adoption in Bangladesh, a nation with a burgeoning technology sector, remains relatively nascent. This nascent adoption stems from a confluence of factors, including a lack of skilled workforce, inadequate infrastructure, and a limited understanding of AI’s potential. The country’s reliance on traditional industries, coupled with a relatively low digital literacy rate, further hinders its AI adoption. Despite these challenges, Bangladesh is actively pursuing AI initiatives.
What sectors in Bangladesh can be impacted by leveraging AI? According to the World Bank, Bangladesh’s average growth rate over the decade was 6.6%, with 5.8% in 2023. PwC estimated AI’s total contribution to the global economy at USD 17 trillion by 2030. Given AI’s estimated contributions to the Indian economy, AI could potentially generate billions of dollars for the Bangladesh economy. There are four sectors in Bangladesh where AI can create a critical impact: In healthcare, it can enhance diagnostic accuracy, assist in early disease detection, manage patient data, and personalise treatment plans. For agriculture, AI-driven solutions can improve crop yields, optimise resource management, and contribute to food security. In manufacturing, particularly the RMG sector, which accounts for 80% of export revenue, AI can streamline production processes, enable predictive maintenance, and facilitate smart quality control. AI integration in RMG can optimise supply chains, forecast demand, and enable personalised designs. AI can automate processes, improve fraud detection, offer data-driven trading decisions, and enhance financial inclusion in financial services.
Intelligent Machines has developed several innovative solutions, including a data-driven chatbot for customer service, a platform for agricultural automation, and a tool for financial risk management. **Please note:** The summary is limited to AI technologies and their impact on Bangladesh’s economy. **The following text should expand on the potential and implications of AI in Bangladesh.**
AI is poised to revolutionize Bangladesh’s economy, offering transformative solutions across numerous sectors.
**AI in Bangladesh: Promise and Challenges**
**AI for a Better Future:
However, the potential benefits are significant, ranging from increased productivity and efficiency to improved healthcare and education. Despite these potential benefits, there are significant challenges in implementing, integrating, and regulating AI in Bangladesh.
The use of AI is rapidly expanding, leading to concerns about its potential impact on society. Governments are grappling with the challenge of regulating AI, facing a dilemma between fostering innovation and protecting data privacy. **Detailed Text:**
The rapid advancement of artificial intelligence (AI) presents both opportunities and challenges for society.
**The National AI Policy focuses on three key areas:**
1. **Promoting responsible and ethical AI:** This includes addressing concerns about bias, fairness, transparency, and accountability. The policy emphasizes the importance of human oversight and responsible use of AI technologies. 2.
A. Bangladesh’s AI Revolution: Opportunities and Hurdles
B.
However, AI’s potential impact on Bangladesh is unique due to its specific context and challenges. **Key Points:**
* **Economic Potential:** AI has the potential to revolutionize Bangladesh’s economy, particularly in sectors like agriculture, manufacturing, and services. * **Challenges:** Bangladesh faces unique challenges in adopting AI, including limited access to technology, digital literacy, and skilled labor.
