ICT and AI in Economic Diversification
Abstract
Economic diversification is a pivotal strategy for nations seeking to mitigate reliance on a singular industry or resource, thereby bolstering economic resilience and long-term sustainability. Information and Communication Technology (ICT) and Artificial Intelligence (AI) have become key enablers in this process, driving innovation and facilitating sectoral transformation. This article investigates the multidimensional influence of ICT and AI in promoting economic diversification through a mixed-methods approach, combining qualitative case studies, quantitative data analysis, and comparative policy assessments. The study analyzes their applications across critical sectors—illustrated by case studies such as Estonia's e-governance model, China's AI-driven manufacturing shift, and Rwanda's ICT-enabled agricultural transformation—highlighting how these technologies enhance inclusive growth, operational efficiency, and new economic opportunities. Key findings reveal that strategic ICT/AI integration can increase sectoral productivity by 20–35% in emerging economies, though adoption barriers (e.g., digital divide, regulatory gaps, and ethical concerns) persist. The article concludes with evidence-based policy recommendations, emphasizing adaptive governance, public-private partnerships, and targeted digital upskilling to maximize equitable benefits.
Full Paper (PDF)
Download Full PaperPublication Details
How to Cite
Antoliš, K. (2025). ICT and AI in Economic Diversification. 13th Higher Education Institutions Conference (HEIC 2025), 04-05 September, 2025, Dubrovnik (Croatia). https://doi.org/10.66781/heic.2025.11
