Jamaica is at a critical juncture in its economic life, with average real GDP growth over the past three decades being 0.8 per cent, way below the 2.7 per cent growth in Latin America and other Caribbean countries on average. To increase GDP per capita and meet the Vision 2030 developmental goals, Jamaica needs to harness emerging technological advancements, such as artificial intelligence (AI), blockchain, digital transformation and other innovations. AI and machine learning have the potential to generate more revenue than the economies of China and India combined, adding up to US$15.7 trillion to the global economy by 2030. AI is programmes embedded in machines designed to think and learn like humans, enabling them to perform tasks that would otherwise be too complex for humans.
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